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Source: DGTL Holdings
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  • DGTL Holdings (DGTL) will not meet the filing date for filing the company’s audited financial statements and management discussion & analysis
  • The default is due in part to the integration of its wholly-owned subsidiary, Hashoff LLC and delays and cross-border travel restrictions caused by Covid-19
  • DGTL has applied for a Management Cease Trade Order that will prohibit the management of the company from trading in the company’s securities
  • DGTL has confirmed that there have been no material business developments since the filing of the company’s latest interim financial reports
  • DGTL is a digital media and advertising technology company
  • DGTL Holdings Inc. (DGTL) opened trading at C$0.35 per share

DGTL Holdings (DGTL) will not meet the deadline for filing the company’s audited financial statements and management discussion & analysis.

The default is due in part to the integration of its wholly-owned subsidiary, Hashoff LLC, the complexity of the acquisition transaction, and various delays and cross-border travel restrictions caused by Covid-19.

The company is working with its auditor, Baker Tilly WM LLP, to complete the audit in a timely manner.

DGTL has applied to the OSC for a Management Cease Trade Order that will prohibit the management of the company from trading in the company’s securities until the documents are filed. No decision has yet been made by the Ontario Securities Commission on this application. The OSC may issue the Management Cease Trade Order or it may impose an issuer cease trade order if the documents are not filed in a timely fashion. The company intends to satisfy the provisions of the alternative information guidelines as required by National Policy 12-203 – Management Cease Trade Orders.

DGTL has confirmed that there have been no material business developments since the filing of the company’s latest interim financial reports for the period ended February 28, 2021.

DGTL is a digital media and advertising technology company powered by artificial intelligence. 

DGTL Holdings Inc. (DGTL) opened trading at C$0.35 per share.

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