Cuspis Capital Ltd.

2021-05-28 | DecisionOrder | Business Corporations Act | Issuers | https://www.osc.ca/en/securities-law/orders-rulings-decisions/cuspis-capital-ltd-0

Business Corporations Act, R.S.O. 1990, c. B.16, as am., s. 1(6).

The Ontario Securities Commission (OSC) has issued an order that Cuspis Capital Ltd. is deemed to have ceased to be offering its securities to the public. This decision is based on subsection 1(6) of the Business Corporations Act (Ontario) (OBCA). The company had applied for this order and represented that it is an offering corporation under the OBCA, has no plans to seek public financing through securities offerings, and had previously been granted an order on April 30, 2021, confirming it is not a reporting issuer in Ontario or any other Canadian jurisdiction. The Commission agreed to the order, concluding that granting it would not be against the public interest.

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