The Ontario Securities Commission (OSC) has revoked a cease trade order (CTO) against Predictiv AI Inc. The CTO was originally issued due to the company’s failure to file annual financial statements, management’s discussion and analysis (MD&A), and certifications for the year ended January 31, 2022, as well as interim financial statements and related MD&A for subsequent periods, in accordance with National Instrument 51-102 Continuous Disclosure Obligations (NI 51-102) and National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings (NI 52-109).
Predictiv AI Inc., a reporting issuer in British Columbia, Alberta, and Ontario, has since remedied these defaults by filing all outstanding continuous disclosure documents. The company is now up to date with its filing obligations, has paid all necessary fees, and has updated its profiles on SEDAR+ and SEDI. Additionally, the company has committed to holding an annual meeting within three months post-revocation and will issue a press release regarding the revocation of the CTO.
The OSC, as the Principal Regulator, determined that revoking the CTO meets the criteria set out in the applicable securities legislation. Consequently, the OSC issued an order revoking the CTO on November 23, 2023.