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XR Immersive Tech Inc. Delays Annual Financial Filings

Story Highlights
  • XR Immersive Tech specializes in AI, VR, and AR, offering immersive solutions.
  • The company delays financial filings due to consolidation issues, expecting completion by May 30, 2025.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

The latest announcement is out from XR Immersive Tech Inc. ( (TSE:VRAI) ).

XR Immersive Tech Inc. has announced a delay in filing its annual financial statements and management’s discussion and analysis for the fiscal year ended December 31, 2024, due to the need to consolidate financial information from affiliated companies. The company has applied for a management cease trade order with the British Columbia Securities Commission and expects to complete the filings by May 30, 2025. During this period, the CEO and CFO will be restricted from trading the company’s shares, although the general public can continue trading.

More about XR Immersive Tech Inc.

XR Immersive Tech Inc. is a leader in artificial intelligence, virtual and augmented reality, specializing in creating immersive experiences that blend physical and digital worlds. The company delivers transformative solutions that redefine digital health, entertainment, education, and enterprise.

YTD Price Performance: 29.41%

Average Trading Volume: 12,218

Technical Sentiment Signal: Hold

Current Market Cap: C$4.15M

Learn more about VRAI stock on TipRanks’ Stock Analysis page.

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