CA Market News
1週前
Tenet Announces Partial Revocation of Cease Trade Order and Proposed FinancingMay 27, 2026 4:38 PM
NewsfileToronto, Ontario--(Newsfile Corp. - May 27, 2026) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler Business Development Platform, announces that the Ontario Securities Commission ("OSC") issued an order dated May 25, 2026 (the "Partial Revocation Order") partially revoking the failure-to-file cease trade order issued against the Company on May 7, 2025 (the "FFCTO") for failing to file certain outstanding continuous disclosure documents (collectively, the "Documents") within the timeframes prescribed by applicable securities laws. Further to the Company's news release dated February 3, 2026, and following the issuance of the Partial Revocation Order, the Company intends to proceed with and close the previously announced non-brokered private placement financing (the "Private Placement") as soon as practicable, subject to the terms and conditions described therein and applicable regulatory approvals. The Company currently anticipates that the Private Placement will consist of the issuance of up to 55.2 million common shares at a price of $0.05 per share for aggregate gross proceeds of up to $2.76 million.The Private Placement will be conducted on a prospectus-exempt basis with investors: (i) resident in Canada in reliance upon the accredited investor exemption under section 73.3 of the Securities Act (Ontario) or section 2.3 of National Instrument 45-106 - Prospectus Exemptions, as applicable; and (ii) resident in offshore jurisdictions pursuant to available prospectus or registration exemptions in accordance with applicable securities laws.Prior to participating in the Private Placement, each investor will receive a copy of the FFCTO and the Partial Revocation Order and will be required to provide an acknowledgement to the Company confirming that all of the Company's securities, including the securities issued pursuant to the Private Placement, will remain subject to the FFCTO until such order is fully revoked. Investors will also acknowledge that the granting of the Partial Revocation Order does not guarantee that a full revocation order will be issued in the future.All Common Shares issued pursuant to the Private Placement will be subject to a statutory hold period of four months and one day from the closing date of the Private Placement, in accordance with applicable securities laws.The Partial Revocation Order will terminate on the earlier of: (i) the completion of the Private Placement; and (ii) July 25, 2026, being 60 days from the date of the Partial Revocation Order.The Company will issue a further news release and file any required material change reports on SEDAR+ upon completion of the Private Placement.About Tenet Fintech Group Inc.:Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet and the Company in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler Business Development Platform, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. Please visit our website at: https://www.tenetfintech.com/.For more information, please contact:Tenet Fintech Group Inc.Dom Mannella, General Counsel
514-340-7775 ext.: 516
investors@tenetfintech.comCHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
cathy@chfir.comFollow Tenet Fintech Group Inc. on social media:
X: @Tenet_Fintech
Facebook: @Tenet
LinkedIn: Tenet
YouTube: Tenet FintechForward-looking informationCertain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of Tenet to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements in this news release include, but are not limited to, statements relating to: (i) the potential refiling and/or restatement of certain financial statements and related management's discussion and analysis (MD&A) as a result of potential material misstatements; (ii) the granting of a partial revocation order by the OSC; (iii) the granting of a full revocation order by the OSC; (iv) the completion of the previously announced private placement; and (v) the timing and outcome of the OSC's review of the Company's disclosure record, and general economic and business conditions. Reference should also be made to Management's Discussion and Analysis (MD&A) in Tenet's annual and interim reports, filed with Canadian securities regulators and available via the System for Electronic Document Analysis and Retrieval (SEDAR+) under Tenet's profile at www.sedarplus.ca, for a description of major risk factors relating to Tenet. Although Tenet has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.Forward-looking statements reflect information as of the date on which they are made. The Company assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event the Company does update any forward-looking statement, no inference should be made that the Company will make additional updates with respect to that statement, related matters, or any other forward-looking statement.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299127 Original: Tenet Announces Partial Revocation of Cease Trade Order and Proposed Financing
CA Market News
3週前
Tenet Files Material Contracts in Conjunction with Continuous Disclosure ReviewMay 15, 2026 3:24 PM
NewsfileToronto, Ontario--(Newsfile Corp. - May 15, 2026) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler Business Development Platform, announces that it has filed additional documents on SEDAR+ following a continuous disclosure review by Staff of the Ontario Securities Commission ("OSC"). During the course of the review, the following previously unfiled contracts were deemed to be material contract (the "Material Contracts") and were therefore subsequently filed in connection with the Company's application for a full revocation of the failure-to-file cease trade order of its securities:4 Nominee shareholder agreements through which the Company owns its 51% equity stake in its ASFC subsidiary.Registrar and Transfer Agent Agreement between the Company and AST Trust Company (Canada) dated July 15, 2011.Agreement dated November 1, 2017, between the Company and Jiudong Investment Management Co., Ltd. for the creation of the Company's ASFC subsidiary.Lender Partnership Agreement dated June 6, 2018 between the Company and Wuxi Jinxin Internet Small Loans Ltd. ("WJISL") pursuant to which WJISL agreed to become a registered lender on the Cubeler platform.Lender Partnership Agreement dated June 14, 2018 between the Company and Hua Xin Lending Company ("Hua Xin"), pursuant to which Hua Xin agreed to become a registered lender on the Cubeler platform.Agreement dated December 20, 2018 between the Company and Wenyi Financial Services Co. Ltd. ("Wenyi") pursuant to which Wenyi agreed to effectively transfer its operations, including most of its 20 employees, service agreements and assets, to the Company's ASSC subsidiary.Agreement dated March 30, 2019 between the Company and Xi'an Fenghui Automobile Service Company ("FASC") pursuant to which FASC agreed to use the Company's Gold River product procurement platform to facilitate vehicle purchase and financing transactions.Agreement dated June 1, 2019 between the Company and Jiangsu Zhongpu Financial Outsourcing Service Ltd. ("ZFOS") pursuant to which the Company's ASDS subsidiary agreed to provide financial services to ZFOS clients and other supply-chain participants.Agreement dated June 29, 2019 between the Company and Ronghuitong Supply Chain Management Company Ltd. ("Ronghuitong") whereby the Company's ASSC subsidiary agreed to outsource certain supply- chain financing related services to Ronghuitong.Agreement dated November 7, 2019 between the Company and Jinxiaoer Technology Ltd. pursuant to which the Company agreed to acquire the Jinxiaoer loan brokerage and commission paying platform.Agreement dated March 11, 2020 between the Company and Jiangyin Gaoxinqu SME Development and Investment Ltd. pursuant to which the Company agreed to provide the software platform that will power the city of Jiangyin's new commercial lending financial centre.Agreement dated October 20, 2020 between the Company and Beijing Youxiangtong Group ("BYG"), the parent company of national consumer electronics distributor Beijing Dianjing Company Ltd. ("BDC"), pursuant to which the Company agreed to provide financing to BDC's 60,000 online retail clients for up to 90% of the price of the products the clients purchase from BDC.Agreement dated November 18, 2020 between the Company and Beijing Jingying Corporate Management Ltd. ("BJM") pursuant to which the Company agreed to bring its Cubeler Lending Hub financing solution to BJM and its more than 250,000 retail clients.Agreement dated November 26, 2020 between the Company and Gruppo Coin ("Coin") pursuant to which the Company agreed to provide short-term loans to Coin's social-media-influencer online sales partners.Agreement dated November 1, 2025 between the Company and Chengdu Honglongyi Trading Co., Ltd. ("HTC") pursuant to which the Company agreed to provide supply chain procurement services to HTC through its GoldRiver Supply Chain Service Platform.The Company is issuing this news release in accordance with OSC Staff Notice 51-711 (Revised) Refilings and Corrections of Errors ("SN 51-711") and will be placed on the public list of Refiling and Errors in accordance with SN 51-711 for a period of three years.About Tenet Fintech Group Inc.:Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet and the Company in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler Business Development Platform, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. Please visit our website at: https://www.tenetfintech.com/.For more information, please contact:Tenet Fintech Group Inc.
Dom Mannella, General Counsel
514-340-7775 ext.: 516
investors@tenetfintech.comCHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
cathy@chfir.comFollow Tenet Fintech Group Inc. on social media:
X: @Tenet_Fintech
Facebook: @Tenet
LinkedIn: Tenet
YouTube: Tenet FintechForward-looking informationCertain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of Tenet to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements in this news release include, but are not limited to, statements relating to: (i) the potential refiling and/or restatement of certain financial statements and related management's discussion and analysis (MD&A) as a result of potential material misstatements; (ii) the granting of a partial revocation order by the OSC; (iii) the granting of a full revocation order by the OSC; (iv) the completion of the previously announced private placement; and (v) the timing and outcome of the OSC's review of the Company's disclosure record, and general economic and business conditions. Reference should also be made to Management's Discussion and Analysis (MD&A) in Tenet's annual and interim reports, filed with Canadian securities regulators and available via the System for Electronic Document Analysis and Retrieval (SEDAR+) under Tenet's profile at www.sedarplus.ca, for a description of major risk factors relating to Tenet. Although Tenet has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.Forward-looking statements reflect information as of the date on which they are made. The Company assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event the Company does update any forward-looking statement, no inference should be made that the Company will make additional updates with respect to that statement, related matters, or any other forward-looking statement.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297669 Original: Tenet Files Material Contracts in Conjunction with Continuous Disclosure Review
CA Market News
3月前
Tenet Reports Voluntary Dismissal of U.S. Securities Class Action LawsuitMarch 6, 2026 4:41 PM
NewsfileToronto, Ontario--(Newsfile Corp. - March 6, 2026) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler Business Development Platform, today announced that the class action lawsuit, filed in the United States District Court for the Eastern District of New York on October 25, 2023 against the Company, its CEO and CFO alleging four counts of violations of the securities laws of the United States (the "Lawsuit"), was voluntarily dismissed by the plaintiffs without prejudice pursuant to the parties' stipulation of voluntarily dismissal. The Court has administratively closed the litigation. The Company did not pay any compensation to the plaintiffs, nor does it have any obligations, financial or otherwise, owed to the plaintiffs in connection with the Lawsuit."We are very grateful for today's announced resolution to the Lawsuit and can now focus our attention on the Company's continued development," commented Johnson Joseph, President and CEO of Tenet. "On behalf of all Tenet shareholders, I would like to thank our U.S. counsels Douglas Baumstein and Scott Rader of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. for their exceptional work in guiding us through the litigation."About Tenet Fintech Group Inc.:Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler Business Development Platform, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. Please visit our website at: https://www.tenetfintech.com/.For more information, please contact:Tenet Fintech Group Inc.Dom Mannella, General Counsel
514-340-7775 ext.: 516
investors@tenetfintech.comCHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
cathy@chfir.comFollow Tenet Fintech Group Inc. on social media:
X: @Tenet_Fintech
Facebook: @Tenet
LinkedIn: Tenet
YouTube: Tenet FintechForward-looking informationCertain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of Tenet to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements in this news release include, but are not limited to, statements relating to: (i) the potential refiling and/or restatement of certain financial statements and related management's discussion and analysis (MD&A) as a result of potential material misstatements; (ii) the granting of a partial revocation order by the OSC; (iii) the granting of a full revocation order by the OSC; (iv) the completion of the previously announced private placement; and (v) the timing and outcome of the OSC's review of the Company's disclosure record, and general economic and business conditions. Reference should also be made to Management's Discussion and Analysis (MD&A) in Tenet's annual and interim reports, filed with Canadian securities regulators and available via the System for Electronic Document Analysis and Retrieval (SEDAR+) under Tenet's profile at www.sedarplus.ca, for a description of major risk factors relating to Tenet. Although Tenet has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.Forward-looking statements reflect information as of the date on which they are made. The Company assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event the Company does update any forward-looking statement, no inference should be made that the Company will make additional updates with respect to that statement, related matters, or any other forward-looking statement.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286566
Original: Tenet Reports Voluntary Dismissal of U.S. Securities Class Action Lawsuit
CA Market News
4月前
Tenet Announces Update to OSC Disclosure Record Review and Partial Revocation Application of Failure to File Cease Trade OrderFebruary 3, 2026 7:00 PM
NewsfileToronto, Ontario--(Newsfile Corp. - February 3, 2026) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler Business Development Platform, wishes to provide an update regarding the failure to file cease trade order (the "FFCTO") issued on the Company's securities by the Ontario Securities Commission (the "OSC") on May 7, 2025. While the Company continues to work with the OSC in regard to the ongoing disclosure record review, there is no definitive timetable for the completion of this process and a revocation of the FFCTO. The FFCTO was issued as a result of the Company's delay in filing its annual financial statements, management's discussion and analysis and related officer certifications for the year ended December 31, 2024, as required by National Instrument 51-102 - Continuous Disclosure Obligations; and certification of the foregoing filings, as required by National Instrument 52-109 - Certification of Disclosure in Issuers' Annual and Interim Filings (the "Annual Filings"). The Company filed the Annual Filings on October 1, 2025 and submitted an application for a full revocation of the FFCTO to the OSC on October 6, 2025 (the "Full Revocation Application"). As part of the review process, the Company has already agreed to refile certain past management discussion & analysis ("MD&As") deemed to be deficient in their disclosures and anticipated such filings at the end of the review process. Questions have also been raised, including but not limited to, questions related to revenue recognition and expected credit loss provisions, which may also require the restatement of some recently filed financial statements covering the same periods as the MD&As.Partial Revocation ApplicationWhile the review process of the Full Revocation Application continues, the Company submitted an application to the OSC for a partial revocation of the FFCTO (the "Partial Revocation Application"), that would allow the Company to conduct a private placement financing to help the Company maintain its operations and cover essential expenses, in compliance with applicable securities laws.The proposed private placement financing, subject to the approval of the Partial Revocation Application, approval of the Canadian Securities Exchange (the "CSE") and other terms and conditions, would consist in the sale of up to 52M common shares of the Company at a price of $0.05 per share for gross proceeds of up to $2.6M (the "Private Placement"). There can be no assurances that the Partial Revocation Application will be approved by the OSC or that the Private Placement will be completed on the terms set out herein, or at all.The Company plans to issue a news release if/when the Full Revocation has been approved after which the Company intends to apply for reinstatement of trading of its securities on the CSE. About Tenet Fintech Group Inc.:Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies and financial institutions either through or leveraging data gathered by the Cubeler Business Development Platform, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. Please visit our website at: https://www.tenetfintech.com/.For more information, please contact:Tenet Fintech Group Inc.Dom Mannella, General Counsel
514-340-7775 ext.: 516
investors@tenetfintech.comCHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
cathy@chfir.comFollow Tenet Fintech Group Inc. on social media:
X: @Tenet_Fintech
Facebook: @Tenet
LinkedIn: Tenet
YouTube: Tenet FintechForward-looking informationCertain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of Tenet to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements in this news release include, but are not limited to, statements relating to: (i) the potential refiling and/or restatement of certain financial statements and related management's discussion and analysis (MD&A) as a result of potential material misstatements; (ii) the granting of a partial revocation order by the OSC; (iii) the granting of a full revocation order by the OSC; (iv) the completion of the previously announced private placement; and (v) the timing and outcome of the OSC's review of the Company's disclosure record, and general economic and business conditions. Reference should also be made to Management's Discussion and Analysis (MD&A) in Tenet's annual and interim reports, filed with Canadian securities regulators and available via the System for Electronic Document Analysis and Retrieval (SEDAR+) under Tenet's profile at www.sedarplus.ca, for a description of major risk factors relating to Tenet. Although Tenet has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.Forward-looking statements reflect information as of the date on which they are made. The Company assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event the Company does update any forward-looking statement, no inference should be made that the Company will make additional updates with respect to that statement, related matters, or any other forward-looking statement.Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this news release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282625
Original: Tenet Announces Update to OSC Disclosure Record Review and Partial Revocation Application of Failure to File Cease Trade Order
AskMuncher
5年前
$PKKFF Peak Fintech Completes Acquisition of Analytics and AI Company Cubeler Inc.
Press Release | 10/01/2021
Peak Fintech Completes Acquisition of Analytics and AI Company Cubeler Inc.
Canada NewsWire
MONTREAL, Oct. 1, 2021
MONTREAL, Oct. 1, 2021 /CNW/ - Peak Fintech Group Inc. (CSE: PKK) ("Peak" or the "Company"), an innovative Fintech service provider and manager of the Cubeler Business Hub, today announced that it has officially acquired analytics and AI company Cubeler Inc. ("Cubeler").
Peak Fintech Group Inc. Logo (CNW Group/Peak Fintech Group Inc.)
Cubeler (https://www.cubeler.com/) is the developer and owner of the technology that powers Peak's Business Hub. Peak first announced its intension to acquire Cubeler on August 16, 2021 pending satisfactory due diligence, a pricing report on Cubeler and a fairness opinion from an independent third party on the proposed acquisition. Peak is pleased to announce that it has now acquired 100% of Cubeler's issued and outstanding shares form Cubeler's shareholders in exchange for $1,000,000 in cash and 11,133,012 common shares of Peak (the "Acquisition"). Under the terms of the Acquisition, the Peak common shares received by Cubeler's shareholders will initially be restricted for a four-month period, following which 50% of the shares will be free-trading and the remaining 50% will be released and become free-trading over a two-year period on the anniversary date of the closing of the transaction.
With the acquisition of Cubeler, Peak now owns the worldwide commercial rights to the Business Hub concept, which the Company is looking forward to expanding beyond China's boarders, beginning with a Hub in Canada planned for later this year. "We couldn't be more excited about getting this transaction closed to finally be able to launch our operations here in our own backyard," commented Peak CEO Johnson Joseph. "I'd like to take this opportunity to thank our Canadian financial institution partners and the hundreds of SMEs that have pre-registered on the platform and have been patiently waiting for the Canadian launch of the Hub. I promise we'll do our best to get going as quickly as possible to do whatever we can to help your businesses reach new heights. We've been able to fill some key positions to help us do that over the past couple of months, but we still have more to fill. So, if you're reading this news release and have skills in AI, analytics, marketing, software development, graphic design, etc., consider this a personal invitation, we'd love to hear from you. Please send us your CV at careers@cubeler.com and let's work together to use the power of AI and analytics to help small businesses around the world continue to positively impact their communities".
The Acquisition is expected to constitute a "related party transaction", as defined within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), as Johnson Joseph, Chief Executive Officer and director of Peak; Liang Qiu, director of Peak; Jean Landreville, Chief Financial Officer of Peak; Charles-André Tessier, director of Peak; and Mark Dumas, director of Peak (collectively the "Related Parties"), are all shareholders of Cubeler. The Acquisition will be exempt from (i) the formal valuation requirements of Section 5.4 of MI 61-101 by virtue of Subsection 5.5(a) of MI 61-101, and (ii) the minority shareholder approval requirements of Section 5.6 of MI 61-101 by virtue of Subsection 5.7(1)(a) of MI 61-101 on the basis that the fair market value of the consideration to be received by the Related Parties shall not exceed an amount equal to 25% of Peak's market capitalization.
About Peak Fintech Group Inc.:
Peak Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) subsidiaries operating primarily in the commercial lending industry. Peak's subsidiaries bring together lending financial institutions and businesses to create the Cubeler Business Hub, an ecosystem where analytics and artificial intelligence are used to facilitate transactions among members of the ecosystem. For more information: http://www.peakfintechgroup.com
For more information, please contact:
CHF Capital Markets
MZ Group – MZ North America
Peak Fintech Group
Cathy Hume, CEO
Mark Schwalenberg, CFA
Barry Ellison, Director of Marketing
and Communications
416-868-1079 ext.: 251
1-312-261-6430
514-340-7775 ext.: 521
cathy@chfir.com
PEAK@mzgroup.us
bellison@peakfintechgroup.com
Follow Peak Fintech Group Inc. on social media:
Twitter: @peakfintech
Facebook: @peakfintech
LinkedIn: Peak Fintech
YouTube: Peak Fintech
Forward-Looking Statements / Information:
This news release may include certain forward-looking information, including statements relating to business and operating strategies, plans and prospects for revenue growth, using words including "anticipate", "believe", "could", "expect", "intend", "may", "plan", "potential", "project", "seek", "should", "will", "would" and similar expressions, which are intended to identify a number of these forward-looking statements. Forward-looking information reflects current views with respect to current events and is not a guarantee of future performance and is subject to risks, uncertainties and assumptions. The Company undertakes no obligation to publicly update or review any forward-looking information contained in this news release, except as may be required by applicable laws, rules and regulations. Readers are urged to consider these factors carefully in evaluating any forward-looking information.
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/peak-fintech-completes-acquisition-of-analytics-and-ai-company-cubeler-inc-301389907.html
otterman
5年前
Not good.
September 28, 2021
VIA EDGAR
United States Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549
Re:
Request for Withdrawal - Peak Fintech Group Inc.
Registration Statement on Form 40-F
Filed on September 2, 2021
File No. 001-40780
Ladies and Gentlemen:
Peak Fintech Group Inc. (the "Company"), a corporation incorporated under the Canada Business Corporations Act hereby respectfully requests that the United States Securities and Exchange Commission (the "Commission") consent to the withdrawal of the Registration Statement on Form 40-F (File No. 001-40780), filed by the Company on September 2, 2021 in connection with the registration of the Company's common stock under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Company reserves the right to resubmit the registration Statement at a future date.
In the absence of this withdrawal application, in accordance with Section 12(d) of the Exchange Act, the Registration Statement would automatically become effective 30 days after the initial filing of the Form 40-F Registration Statement. Accordingly, the Company respectfully requests that the above referenced Form 40-F Registration Statement be withdrawn effective as of the date hereof or at the earliest practical date but in any event prior to October 3, 2021.
The Company hereby authorizes Mr. Nikolaos Galanopoulos, an attorney with our outside legal counsel, Galanopoulos & Company, to answer any questions that you may have regarding this request.
Please contact Mr. Galanopoulos at (604) 895-7477 with any questions with respect to this request.
Sincerely,
Peak Fintech Group Inc.
/s/ Johnson Joseph
Mr. Johnson Joseph
CEO and President