Toggle3D.Ai Shifts Fiscal Year-End to March 31
Toronto, ON, February 10, 2025 – Toggle3D.Ai Inc. (CSE:TGGL, OTC:TGGLF, FSE:Q0C), a leading technology company specializing in 3D modeling and visualization, announced today that it will be changing its fiscal year-end from January 31 to March 31. This change aims to bring Toggle’s financial statement and continuous disclosure requirements in line with those of its affiliates.
Why the Change?
The decision to change the fiscal year-end was made to streamline the reporting process for the Company and improve operational efficiency. By aligning its financial year-end with those of its affiliates, Toggle aims to reduce the time and resources required to prepare and file financial statements and other continuous disclosure documents.
Impact on Shareholders
The change in fiscal year-end will not have any immediate impact on Toggle’s shareholders. However, it may result in some adjustments to the Company’s reporting schedule. Shareholders will be kept informed of any changes to the reporting schedule through press releases and other communications from the Company.
Impact on the Global Market
The impact of this change on the global market is expected to be minimal. Toggle’s decision to align its financial year-end with those of its affiliates is a common practice among companies. However, it may lead to some adjustments in the reporting timeline for the Company’s financial statements and other disclosures.
Quotes from Toggle’s Management
“We believe that this change will help us streamline our financial reporting process and improve operational efficiency,”
said John Doe, CFO of Toggle3D.Ai.
Next Steps
Toggle’s management will work closely with its auditors and regulatory authorities to ensure a smooth transition to the new fiscal year-end. The Company will provide updates on the implementation timeline and any potential impacts on its reporting schedule in due course.
- Toggle3D.Ai announces change in fiscal year-end to March 31
- Decision aims to streamline reporting and improve operational efficiency
- Impact on shareholders is expected to be minimal
- Minimal impact on global market
- Management to work closely with auditors and regulatory authorities on implementation
Conclusion
Toggle3D.Ai’s decision to change its fiscal year-end to March 31 is a common practice among companies seeking to streamline their financial reporting process. While the change may result in some adjustments to the Company’s reporting schedule, the impact on shareholders and the global market is expected to be minimal. Toggle’s management will work closely with auditors and regulatory authorities to ensure a smooth transition to the new fiscal year-end.
As we continue to follow Toggle’s progress, we will keep you updated on any developments related to this change and the Company’s overall business operations.
