Intellabridge Provides Update on Annual Filings and Issuance of Cease Trade Order for Shares Trading on the Canadian Securities Exchange
Intellabridge Provides Update on Annual Filings and Issuance of Cease Trade Order for Shares Trading on the Canadian Securities Exchange
Menlo Park, California, Vancouver, British Columbia, and Boulder, Colorado--(Newsfile Corp. - May 11, 2022) - Intellabridge Technology Corporation (CSE: KASH) (OTCQB: KASHF) (FSE: KASH) (the "Company" or "Intellabridge") announces that its shares have been halted on the Canadian Securities Exchange due to the Company's former Auditor's late decision that it would be unable to provide blockchain cryptocurrency audits since it does not have the specialized skills to audit companies in the cryptocurrency industry. As a result of this decision, the Company was required to engage a new auditor and request a change of year end reporting in order to be in compliance with the reporting deadlines, as announced in a press release on April 29, 2022 prior to the filing deadline of May 2, 2022. However, in the final analysis, the Ontario Securities Commission did not grant an end of year change and halted the trading of shares on the Canadian Securities Exchange by issuing a cease trade order ("CTO") for not filing the following periodic disclosure documents (the "Annual Filings") by the filing deadline of May 2, 2022:
加利福尼亞州門洛帕克、温哥華、不列顛哥倫比亞省和科羅拉多州博爾德--(Newsfile Corp.-2022年5月11日)-Intelbbridge Technology Corporation(CSE：KASH)(OTCQB：KASF)(FSE：KASH)(以下簡稱“公司”)宣佈其股票已在加拿大證券交易所停牌，原因是該公司前審計師最近決定無法提供區塊鏈加密貨幣審計，因為它不具備審計加密貨幣行業公司的專業技能。由於這一決定，公司被要求聘請一名新的審計師並要求更改年終報告，以遵守2022年4月29日在2022年5月2日提交截止日期之前發佈的新聞稿中宣佈的報告截止日期。然而，歸根結底，安大略省證券委員會沒有批准年終變更，並通過發佈停止交易令(CTO)暫停了加拿大證券交易所的股票交易，原因是該公司沒有在2022年5月2日的提交截止日期前提交以下定期披露文件(“年度報告”)：
annual audited financial statements for the year ended December 31, 2021;
management's discussion and analysis for the year ended December 31, 2021; and
CEO and CFO certifications of the annual filings for the year ended December 31, 2021.
截至2021年12月31日的年度經審計財務報表；
管理層對截至2021年12月31日的年度的討論和分析；以及
截至2021年12月31日的年度備案的首席執行官和首席財務官證書。
The Company anticipates that it will complete the Annual Filings on or before July 29, 2022 as originally anticipated by virtue of the resignation of Dale Matheson Carr-Hilton Labonte LLP on March 21, 2022 and the limited availability of successor auditors due to the timing of that resignation. The Company continues to operate normally without disruption and is working diligently and expeditiously with its successor auditor, EBT Professional Accountants, to complete the Annual Filings as soon as possible. The cause of the delay is not material to the Company or its operations.
由於Dale Matheon Carr-Hilton Labonte LLP於2022年3月21日辭職，以及繼任審計師因辭職時間的限制，公司預計將如最初預期的那樣，在2022年7月29日或之前完成年度申報。本公司繼續正常運作，不受幹擾，並正與其繼任核數師EBT專業會計師共同勤奮及迅速地工作，以儘快完成年報。延遲的原因對公司或其運營並不重要。
The CTO issued effective May 6, 2022, will prohibit the trading by any person of any securities of the Company, including trades in the Company's common shares made through the Canadian Securities Exchange. The Company expects the CTO to remain in place until such time as the Annual Filings and all continuous disclosure requirements have been filed and the Company receives an order from the OSC revoking the CTO.
從2022年5月6日起生效的CTO將禁止任何人交易公司的任何證券，包括通過加拿大證券交易所進行的公司普通股交易。公司預計首席技術官將繼續有效，直到提交年度文件和所有持續披露要求，並且公司收到OSC撤銷首席技術官的命令。
Upon remedying the default within 90 days of the date of the CTO, the filing of the Annual Filings, including all other filings and certifications that subsequently become due, constitutes the application to revoke the CTO.
在CTO之日起90天內糾正違約後，提交年度申報文件，包括隨後到期的所有其他備案和認證，即構成撤銷CTO的申請。
The Company is not currently subject to any insolvency proceedings, has a strong balance sheet with more than 2 years of runway based on current expenses. The Company also confirms that there is no other material information concerning the affairs of the Company that has not been generally disclosed as of the date of this press release.
該公司目前沒有任何破產程序，擁有強大的資產負債表，基於當前費用，跑道超過2年。本公司還確認，截至本新聞稿發佈之日，沒有其他有關本公司事務的重大信息尚未全面披露。
A copy of the CTO is posted on the Ontario Securities Commission website.
CTO的副本張貼在安大略省證券委員會的網站上。
About Intellabridge Technology Corporation
關於英特爾布里奇科技公司
Intellabridge Technology Corporation (CSE: KASH) (OTCQB: KASHF) (FSE: KASH) is a financial technology company with a digital banking solution based on blockchain technologies that provides customers with access to decentralized financial applications with additional layers of cybersecurity and customer service. Intellabridge offers depositors self-custody services to empower them with complete transparency and control over their accounts through its institutional-grade platform. The Kash product features DeFi interest-bearing savings accounts, stablecoin checking, fiat-crypto on-ramps, synthetic stock, ETF and commodity investing, and other DeFi banking services, with plans to offer debit cards, virtual cards, Apple Pay, Google Pay in a growing number of markets globally.
Intelbbridge Technology Corporation(CSE：KASH)(OTCQB：KASF)(FSE：KASH)是一家金融科技公司，擁有基於區塊鏈技術的數字銀行解決方案，為客户提供訪問分散的金融應用程序的額外網絡安全和客户服務層。Intelbbridge通過其機構級平臺為儲户提供自助託管服務，使他們能夠完全透明地控制自己的賬户。Kash產品以Defi計息儲蓄賬户、穩定的存入支票、法定加密入口、合成股票、ETF和商品投資以及其他Defi銀行服務為特色，並計劃在全球越來越多的市場提供借記卡、虛擬卡、Apple Pay和Google Pay。
The Kash platform is available on web and mobile at kash.io.
Kash平臺在網絡和移動設備上都可以通過kash.io獲得。
For more information on Intellabridge, visit .
有關英特爾布里奇的更多信息，請訪問。
ON BEHALF OF THE BOARD of DIRECTORS
INTELLABRIDGE TECHNOLOGY CORPORATION
"Maria Eagleton"
Maria Eagleton, COO
To contact Intellabridge:
Website: intellabridge.com
Phone: +1-303-800-5333
Email: maria@intellabridge.com
我代表董事會
英特拉布裏奇科技公司
《瑪麗亞·伊格爾頓》
瑪麗亞·伊格爾頓，首席運營官
要聯繫英特爾布里奇：
網址：Intelligence abridge.com
電話：+1-303-800-5333
電子郵件：Maria@Intelligence abridge.com
The CSE does not accept responsibility for the adequacy or accuracy of this release.
CSE不對本新聞稿的充分性或準確性承擔責任。
Forward-Looking Statements
前瞻性陳述
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of any of the word "will" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.
本新聞稿包含適用證券法規所指的某些前瞻性信息和前瞻性陳述(統稱為“前瞻性陳述”)。使用任何“將”一詞和類似的表述都是為了識別前瞻性陳述。這些表述涉及已知和未知的風險、不確定性和其他因素，可能導致實際結果或事件與這些前瞻性表述中預期的大不相同。這種前瞻性陳述不應過度依賴。由於許多已知和未知的風險、不確定性和其他因素，實際取得的結果可能與本文提供的信息不同。公司相信這些前瞻性陳述中反映的預期是合理的，但不能保證這些預期將被證明是正確的。除非法律要求，否則公司不承諾更新這些前瞻性陳述。
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To view the source version of this press release, please visit
要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。