Wellfield Technologies Provides Update on Management Cease Trade Order

Wellfield Technologies (WFLDF) is working to resolve a management cease trade order (MCTO) issued by the British Columbia Securities Commission due to delayed Annual Filings for the year ended March 31, 2025. The company expects to complete these filings, including audited financial statements, by September 29, 2025. Wellfield confirms no material changes to previously disclosed information and no new defaults. The company will provide bi-weekly updates until the filings are complete.

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Wellfield Technologies (OTC:WFLDF) has provided an update regarding its management cease trade order (MCTO) issued by the British Columbia Securities Commission. The company continues to work with auditors to complete the Annual Filings for the financial year ended March 31, 2025, which include audited financial statements, MD&A, and related certifications.

The company expects to complete these filings by September 29, 2025. Wellfield confirms there have been no material changes to previously disclosed information, no failures in fulfilling alternative information guidelines, and no subsequent defaults beyond those already announced.

Wellfield Technologies (OTC:WFLDF) ha fornito un aggiornamento riguardo all’ordine di cessazione delle operazioni della gestione (MCTO) emesso dalla British Columbia Securities Commission. L’azienda continua a collaborare con i revisori per completare le Dichiarazioni Annuali per l’esercizio chiuso al 31 marzo 2025, che includono bilanci certificati, MD&A e le relative certificazioni.

L’azienda prevede di completare tali filing entro il 29 settembre 2025. Wellfield conferma che non ci sono stati cambiamenti materiali rispetto alle informazioni precedentemente divulgate, nessun mancato rispetto delle linee guida alternative alle informazioni, e nessun default successivo oltre a quelli già annunciati.

Wellfield Technologies (OTC:WFLDF) ha proporcionado una actualización respecto a su orden de cese de operaciones de la gestión (MCTO) emitida por la British Columbia Securities Commission. La empresa continúa trabajando con los auditores para completar las Presentaciones Anuales para el año fiscal terminado el 31 de marzo de 2025, que incluyen estados financieros auditados, MD&A y las certificaciones relacionadas.

La empresa espera completar estas presentaciones para el 29 de septiembre de 2025. Wellfield confirma que no ha habido cambios materiales en la información previamente divulgada, no ha habido incumplimientos en relación con las directrices de información alternativas y no ha habido incumplimientos subsiguientes más allá de los anunciados.

Wellfield Technologies (OTC:WFLDF)는 브리티시컬럼비아 증권위원회가 발령한 경영진 공시 정지 명령(MCTO)에 관한 업데이트를 제공했습니다. 회사는 감사인과 협력하여 2025년 3월 31일 종료 재무 연도에 대한 연례 보고를 완료하기 위해 계속 노력하고 있으며, 이에는 감사 재무제표, MD&A 및 관련 인증이 포함됩니다.

회사는 이들 서류를 2025년 9월 29일까지 완료할 것으로 예상합니다. Wellfield는 이미 공개된 정보에 중대한 변경사항이 없고, 대체 정보 가이드라인의 이행에 실패가 없으며, 이미 발표된 것을 넘어선 이후의 불이행도 없다고 확인합니다.

Wellfield Technologies (OTC:WFLDF) a fourni une mise à jour concernant son ordre de cessation de négociation de la gestion (MCTO) émis par la British Columbia Securities Commission. L’entreprise continue de travailler avec les auditeurs pour compléter les déclarations annuelles pour l’exercice clos le 31 mars 2025, qui comprennent les états financiers audités, le MD&A et les certifications associées.

L’entreprise prévoit de finaliser ces déclarations d’ici le 29 septembre 2025. Wellfield confirme qu’il n’y a pas eu de changements matériels par rapport aux informations déjà divulguées, aucune défaillance dans le respect des directives d’informations alternatives, et aucune défaillance subséquente au-delà de celles déjà annoncées.

Wellfield Technologies (OTC:WFLDF) hat ein Update zu seiner Management-Stop-Trade-Anordnung (MCTO) veröffentlicht, die von der British Columbia Securities Commission erlassen wurde. Das Unternehmen arbeitet weiterhin mit den Prüfern zusammen, um die Jahresabschlüsse für das Geschäftsjahr zum 31. März 2025 abzuschließen, die geprüfte Finanzberichte, MD&A und die damit verbundenen Zertifizierungen umfassen.

Das Unternehmen erwartet, diese Abschlüsse bis zum 29. September 2025 fertigzustellen. Wellfield bestätigt, dass es keine wesentlichen Änderungen an zuvor offengelegten Informationen gegeben hat, keine Verstöße gegen alternative Informationsrichtlinien und keine nachträglichen Ausfälle jenseits der bereits angekündigten.

Wellfield Technologies (OTC:WFLDF) قد قامت بتقديم تحديث بخصوص أمر التوقف عن التداول الإداري (MCTO) الذي أصدرته لجنة الأوراق المالية في كولومبيا البريطانية. وتواصل الشركة العمل مع المدققين لإكمال البيانات السنوية للسنة المالية المنتهية في 31 مارس 2025، والتي تشمل البيانات المالية المدققة، وMD&A، والشهادات ذات الصلة.

وتتوقع الشركة إكمال هذه البيانات بحلول 29 سبتمبر 2025. تؤكد Wellfield أنه لا توجد تغييرات جوهرية على المعلومات التي تم الكشف عنها من قبل، ولا فشل في الالتزام بإرشادات المعلومات البديلة، ولا توجد حالات تخلف لاحقة خارج ما تم الإعلان عنه بالفعل.

Wellfield Technologies(OTC:WFLDF) 已就其由不列颠哥伦比亚省证券委员会颁发的管理层暂停交易令(MCTO)提供更新。公司将继续与审计师合作,完成截至2025年3月31日的财政年度的年度申报,其中包括经审计的财务报表、MD&A及相关认证。

公司预计将在2025年9月29日前完成这些申报。Wellfield确认与先前披露的信息没有重大变动,未违反替代信息指引且在已宣布的范围之外没有后续违约。

Negative

  • Company remains under management cease trade order due to delayed financial filings
  • Failure to file annual financial statements and MD&A by original deadline

09/26/2025 – 08:19 PM

Toronto, Ontario – Wellfield Technologies Inc. (TSXV: WFLD; OTC Pink: WFLDF), a fintech company focused on blockchain solutions, has announced an update concerning its management cease trade order (“MCTO”) issued by the British Columbia Securities Commission (BCSC). The MCTO impacts trading activities by the company’s management.

The company stated it is actively collaborating with its auditors to finalize the Annual Filings for the fiscal year ending March 31, 2025. These filings include audited financial statements, Management Discussion & Analysis (MD&A), and necessary certifications.

Wellfield anticipates completing these regulatory submissions by September 29, 2025. This deadline is critical to resolving the MCTO. The company has affirmed that there have been no significant alterations to previously disclosed information. Furthermore, Wellfield claims adherence to alternative information guidelines and reports no subsequent defaults beyond what has already been communicated to the market. Failure to meet the September 29 deadline could result in further regulatory action.

The company is providing bi-weekly updates as required under National Policy 12-203 and will continue to do so until it satisfies its filing obligations for the Annual Filings. The situation highlights the increasing scrutiny on timely regulatory reporting within the fintech sector, particularly for companies leveraging blockchain technology.

Wellfield’s operations are centered around its Coinmama platform, which facilitates cryptocurrency access, and its Tradewind Markets platform, focusing on digitizing and trading real-world assets such as VaultChain™ Gold and VaultChain™ Silver. How the ongoing MCTO situation impacts investor confidence in these platforms remains to be seen.

The timely filing of financial statements is a crucial benchmark for investor confidence and regulatory compliance. The situation underscores the importance of robust internal controls and efficient auditing processes, particularly for companies operating in the rapidly evolving fintech landscape.

FAQ

What is the current status of Wellfield Technologies (WFLDF) management cease trade order?

Wellfield Technologies remains under a management cease trade order while working to complete its Annual Filings for the year ended March 31, 2025, expected by September 29, 2025.

When will Wellfield Technologies (WFLDF) file its delayed annual financial statements?

The company expects to complete and file its annual financial statements and related documents by September 29, 2025.

What caused the management cease trade order for Wellfield Technologies (WFLDF)?

The MCTO was issued due to the company’s delay in filing its annual financial statements, MD&A, and related certifications for the year ended March 31, 2025.

What are the implications of the MCTO for Wellfield Technologies (WFLDF)?

The MCTO restricts trading by management while the company works to complete its required financial filings. The company must provide bi-weekly updates until the Annual Filings are completed.

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