Aether Global Innovations Corp.: Updating the Status of the Management Cease Trade Order
Vancouver, B.C. – April 15, 2025 – Aether Global Innovations Corp. (CSE: AETH) (OTC: AETHF) (Frankfurt: 4XA) (WKN# A2N8RH), a pioneering company in the field of drone management and automation, is releasing an update regarding the current status of a Management Cease Trade Order (MCTO) granted on April 1, 2025, by the British Columbia Securities Commission under National Policy 12-203 – Management Cease Trade Order (NP 12-203).
Background
On April 1, 2025, Aether Global Innovations Corp. announced that the filing of its financial statements, annual information form, and management’s discussion and analysis for the fiscal year ended November 30, 2024 (the “Annual Filings”) would be delayed beyond the prescribed period under applicable Canadian securities laws. This delay, disclosed in a news release, was referred to as the “Default Announcement.”
Update
The Company is pleased to report that it anticipates filing the Annual Filings on or before May 30, 2025. Aether Global Innovations Corp. will continue to provide updates on the progress and timing of the filing as necessary.
Impact on Shareholders
The MCTO and the delay in filing Annual Filings may impact trading in the Company’s securities. During the period of the MCTO, trading in the securities of the Company will be halted, and the securities may not be traded until the Company files the required documents and the MCTO is revoked.
Impact on the Drone Industry
The delay in filing Annual Filings by Aether Global Innovations Corp. may not directly affect the drone industry as a whole. However, it may influence investor sentiment towards drone technology companies, particularly those that have experienced similar filing delays in the past.
Conclusion
Aether Global Innovations Corp. is committed to providing its shareholders with timely and accurate financial information. The Company is making significant progress towards filing its Annual Filings and will continue to keep the investing community informed of any updates. The MCTO and the delay in filing Annual Filings may impact trading of the Company’s securities, but the Company remains confident in its business prospects and the future of the drone industry.
- Aether Global Innovations Corp. anticipates filing its Annual Filings on or before May 30, 2025.
- Trading in the Company’s securities may be halted during the MCTO period.
- The delay in filing Annual Filings may influence investor sentiment towards drone technology companies.
- Aether Global Innovations Corp. remains committed to providing accurate financial information to its shareholders.
