Taking too long? Close loading screen.
Generating

Plum Financial Group Inc. et al.

May 27, 2024 | Decision | Securities Act, 41-101 | Issuers | https://www.osc.ca/en/securities-law/orders-rulings-decisions/plum-financial-group-inc-et-al-0

: Securities Act, R.S.O. 1990, c. S.5, as am., s. 62(5).


**Summary of Decision by the Ontario Securities Commission**

**Key Facts:**
– Plum Financial Group Inc. and Cen-ta Real Estate Ltd. (the Filers) sought an extension for filing a renewal prospectus for their continuous public offering of certain investor services.
– The original lapse date of the current prospectus was March 17, 2024, and it had already been extended to May 17, 2024.
– The Filers are engaged with the Ontario Securities Commission (OSC) staff in the comment process for a pro forma prospectus filed on February 14, 2024.
– The Filers have not distributed securities under the current prospectus and will not do so until a receipt is issued for the final prospectus.

**Reasoning:**
– The extension is necessary to allow the Filers to complete the comment process with OSC staff and file the final prospectus.
– There have been no material changes in the Filers’ affairs or the offering since the date of the current prospectus.
– The extension will not prejudice the public interest as the Filers will not distribute securities under the current prospectus.

**Outcome:**
– The OSC granted the requested relief, extending the lapse date to September 17, 2024.
– The Filers are prohibited from distributing securities under the current prospectus and must wait until the final prospectus is filed and a receipt is issued.

**Relevant Law:**
– Securities Act, R.S.O. 1990, c. S.5, as amended, subsection 62(5).

Leave a Comment