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XR Immersive Tech Inc. Receives MCTO Amid Filing Delays

Story Highlights
  • XR Immersive Tech Inc. specializes in AI, VR, and AR, offering transformative solutions.
  • The company received an MCTO due to delayed financial filings, affecting its CEO and CFO.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

XR Immersive Tech Inc. ( (TSE:VRAI) ) has shared an announcement.

XR Immersive Tech Inc. has been granted a management cease trade order (MCTO) by the British Columbia Securities Commission due to a delay in filing its annual financial statements for the fiscal year ended December 31, 2024. The MCTO restricts trading by the company’s CEO and CFO until the filings are completed, but does not affect other shareholders. The company is working diligently to complete the filings by May 30, 2025, and will provide bi-weekly updates as required.

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: 10,273

Technical Sentiment Signal: Hold

Current Market Cap: C$4.15M

For an in-depth examination of VRAI stock, go to TipRanks’ Stock Analysis page.

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