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Wellfield Technologies (OTC: WFLDF; TSXV: WFLD) disclosed that a failure-to-file cease trade order (FFCTO) was issued by the British Columbia Securities Commission after a prior management cease trade order expired. The FFCTO arises from delayed annual audited financial statements for the year ended March 31, 2025 and interim filings for the period ended June 30, 2025, with the company citing resourcing challenges.
The FFCTO prohibits trading or purchasing the company’s securities in Canada except under limited conditions for certain non‑insider holders. The TSXV halted trading of the common shares on October 3, 2025. Management is working with the auditor and currently anticipates filing the Annual Filings on or before October 29, 2025, with interim filings to follow.
Wellfield Technologies (OTC: WFLDF; TSXV: WFLD) ha comunicato che la oggetto di cessazione di negoziazione per mancata presentazione (FFCTO) è stato emesso dalla British Columbia Securities Commission dopo la scadenza di un precedente ordine di cessazione per gestione. L’FFCTO deriva da il ritardo nella presentazione dei bilanci annuali certificati per l’esercizio chiuso al 31 marzo 2025 e delle dichiarazioni intermedie per il periodo chiuso al 30 giugno 2025, con la società che cita sfide di risorse.
L’FFCTO vieta la negoziazione o l’acquisto di strumenti finanziari della società in Canada salvo in condizioni limitate per determinati detentori non- insider. Il TSXV ha sospeso la negoziazione delle azioni ordinarie il 3 ottobre 2025. Il management sta collaborando con l’auditor e si prevede attualmente di presentare i bilanci annuali entro il 29 ottobre 2025, con le dichiarazioni interim a seguire.
Wellfield Technologies (OTC: WFLDF; TSXV: WFLD) informó que la orden de cese de negociación por incumplimiento de presentación (FFCTO) fue emitida por la Comisión de Valores de Columbia Británica luego de que expirara una anterior orden de cese por gestión. El FFCTO surge por retrasos en los estados financieros auditados anuales del año terminado el 31 de marzo de 2025 y en los informes intermedios del periodo terminado el 30 de junio de 2025, con la empresa citando desafíos de recursos.
El FFCTO prohíbe la negociación o compra de valores de la empresa en Canadá salvo en condiciones limitadas para ciertos titulares no internos. El TSXV suspendió la negociación de las acciones ordinarias el 3 de octubre de 2025. La dirección está trabajando con el auditor y actualmente anticipa presentar los Informes Anuales en o antes del 29 de octubre de 2025, con los informes intermedios a seguir.
Wellfield Technologies (OTC: WFLDF; TSXV: WFLD)가 FFCTO(미달성 파일 제출 중단 금지 명령)를 브리티시컬럼비아 증권위원회가 발급했다고 공지했습니다. 이는 이전 관리자 중단 명령이 만료된 후의 일입니다. FFCTO는 연간 감사보고서가 2025년 3월 31일에 종료되는 해의 재무제표와 중간 보고서가 2025년 6월 30일에 해당하는 제출 지연에서 비롯되었으며, 회사는 자원 배분의 문제를 이유로 들었습니다.
FFCTO는 캐나다에서 회사의 증권 거래 또는 매수를 제한하며, 내부자가 아닌 특정 보유자에 한해 제한적 조건 하에 허용됩니다. TSXV는 2025년 10월 3일에 주식 거래를 중단했습니다. 경영진은 감사인과 협력 중이며 현재 2025년 10월 29일 이내에 연차 보고서를 제출하고, 그 이후에 중간 보고서를 제출할 예정이라고 예상합니다.
Wellfield Technologies (OTC: WFLDF; TSXV: WFLD) a communiqué qu’un ordre de cessation de négociation pour défaut de dépôt (FFCTO) a été émis par la British Columbia Securities Commission après l’expiration d’un précédent ordre de cessation de gestion. Le FFCTO résulte du retard des états financiers annuels audités pour l’exercice clos le 31 mars 2025 et des dépôts intermédiaires pour la période close le 30 juin 2025, la société invoquant des contraintes de ressources.
Le FFCTO interdit la négociation ou l’achat des valeurs de l’entreprise au Canada, sauf dans des conditions limitées pour certains détenteurs non-insiders. Le TSXV a suspendu la négociation des actions ordinaires le 3 octobre 2025. La direction travaille avec l’auditeur et prévoit actuellement de déposer les États Financiers Annuels au plus tard le 29 octobre 2025, les dépôts intermédiaires suivront.
Wellfield Technologies (OTC: WFLDF; TSXV: WFLD) teilte mit, dass von der British Columbia Securities Commission eine Verordnung über Handelsunterbrechung bei Nichtvorlage (FFCTO) erlassen wurde, nachdem eine frühere Management-Verfügung abgelaufen war. Das FFCTO ergibt sich aus verzögerten Jahresabschlüssen geprüft für das Geschäftsjahr, das am 31. März 2025 endet, und Zwischenberichten für den Zeitraum bis zum 30. Juni 2025, wobei das Unternehmen von Ressourcenproblemen berichtet.
Das FFCTO untersagt den Handel oder den Kauf der Wertpapiere des Unternehmens in Kanada, außer unter beschränkten Bedingungen für bestimmte Nicht-Insider-Inhaber. Der TSXV hat den Handel mit den Stammaktien am 3. Oktober 2025 ausgesetzt. Das Management arbeitet mit dem Abschlussprüfer zusammen und erwartet derzeit, die Jahresabschlüsse bis spätestens zum 29. Oktober 2025 einzureichen, gefolgt von Zwischenberichten.
Wellfield Technologies (OTC: WFLDF; TSXV: WFLD) أعلنت أن لجنة الأوراق المالية في كولومبيا البريطانية أصدرت أمر وقف التداول بسبب الإخفاق في التقديم (FFCTO) وذلك بعد أن انتهت صلاحية أمر توقف الإدارة السابق. ينشأ FFCTO من تأخر البيانات المالية المدققة السنوية للسنة المنتهية في 31 مارس 2025 والتقارير المرحلية للفترة المنتهية في 30 يونيو 2025، مع توجيه الشركة بأن هناك تحديات في الموارد.
يحظر FFCTO التداول أو شراء أوراق الشركة المالية في كندا باستثناء شروط محدودة لبعض الحائزين غير المطلعين. أوقف TSXV التداول في أسهم الشركة العادية في 3 أكتوبر 2025. تعمل الإدارة مع المدقق وتتوقع حالياً تقديم التقارير السنوية في موعد لا يتجاوز 29 أكتوبر 2025 مع اعتماد التقارير المرحلية لاحقاً.
Wellfield Technologies (OTC: WFLDF; TSXV: WFLD) 公布，卑诗省证券委员会在前次管理层禁售令到期后发布了一项 未按时提交停牌令（FFCTO）。FFCTO 是由于年度经审计财报（截至 2025 年 3 月 31 日）及季度报（截至 2025 年 6 月 30 日）的延迟所致，公司表示资源配置方面存在挑战。
FFCTO 禁止在加拿大买卖或交易公司的证券，除非对某些非内部人士持有人有条件的有限豁免。TSXV 于 2025 年 10 月 3 日 停止了普通股交易。管理层正在与审计师合作，预计在 2025 年 10 月 29 日 前提交年度报告，随后提交中期报告。
Positive
- Management actively working with auditor to complete Required Filings
- Company anticipates filing Annual Filings on or before October 29, 2025
Negative
- FFCTO prohibits trading or purchasing of company securities in Canada
- TSXV trading halt imposed on October 3, 2025
- Required Filings delayed due to resourcing challenges
10/10/2025 – 08:02 PM
Toronto, Ontario – Wellfield Technologies Inc. (TSXV: WFLD; OTC Pink: WFLDF), a fintech company focused on blockchain solutions, is facing a trading halt after a failure-to-file cease trade order (FFCTO) was issued by the British Columbia Securities Commission (BCSC). The FFCTO, announced October 10, 2025, stems from delays in the company’s annual audited financial statements for the fiscal year ended March 31, 2025, and interim filings for the period ended June 30, 2025.
This development follows the expiration of a previous management cease trade order. The BCSC’s action, enacted under Multilateral Instrument 11-103, effectively prohibits the trading or purchasing of Wellfield’s securities within Canada, including transactions on the TSX Venture Exchange (TSXV). Specific exemptions exist for certain non-insider shareholders selling securities acquired before October 2, 2025, provided the sale occurs through a foreign organized regulated market and is facilitated by a registered Canadian investment dealer.
The root cause of the FFCTO lies in “unforeseen extenuating circumstances” that led to resource constraints within Wellfield, hindering the timely completion of required filings. Consequently, the TSXV halted trading of WFLD shares on October 3, 2025.
Wellfield’s management states that they are actively collaborating with their auditor to expedite the filing process. The company anticipates releasing the audited annual financial statements on or before October 29, 2025, with interim filings expected to follow soon after. Management has committed to providing updates as more information becomes available and aims to reinstate trading as quickly as possible.
From a technical perspective, this situation underscores the critical importance of robust internal controls and resource allocation within publicly traded companies, particularly those operating in the rapidly evolving and heavily scrutinized fintech and blockchain sectors. Delays in financial reporting, even when attributed to unforeseen circumstances, can trigger regulatory intervention and investor uncertainty. The resourcing challenges cited by Wellfield could stem from multiple factors, including increased compliance burdens associated with operating in the digital asset space, difficulties in attracting and retaining qualified personnel, or strategic decisions regarding resource allocation to research and development versus regulatory compliance.
The company’s Coinmama platform facilitates cryptocurrency market access for over 3.5 million registered users across 180 countries. Additionally, Wellfield operates the Tradewind Markets platform, a significant player in the digitization and trading of real-world assets such as gold and silver through its VaultChain™ products.
FAQ
What did Wellfield (WFLDF) announce on October 11, 2025 regarding a cease trade order?
Wellfield announced a failure-to-file cease trade order (FFCTO) issued by the BCSC after delayed annual and interim filings.
How does the FFCTO affect trading of WFLDF shares in Canada?
The FFCTO prohibits trading and purchasing the company’s securities in Canada except under limited conditions for certain non‑insider holders.
When did the TSXV halt trading in Wellfield (WFLDF) shares?
The TSXV imposed a trading halt on October 3, 2025 after the FFCTO was issued.
Why were Wellfield’s required filings for fiscal year ended March 31, 2025 delayed?
The company cited unforeseen extenuating circumstances that caused resourcing challenges and delayed completion of the filings.
When does Wellfield expect to file its annual audited financial statements (WFLDF)?
The company currently anticipates completing and filing the Annual Filings on or before October 29, 2025.
Can shareholders sell WFLDF shares while the FFCTO is in effect?
Certain non‑insider beneficial holders may sell shares acquired before October 2, 2025 if sold through a foreign organized regulated market via a registered investment dealer, otherwise sales in Canada are prohibited.
