The Ontario Securities Commission (OSC) has granted Spirit Banner IV Capital Corp. an order under subsection 1(6) of the Business Corporations Act (Ontario) (OBCA), deeming it to have ceased offering its securities to the public. The decision follows the Applicant’s representation that it is currently an offering corporation but has no plans for public financing. Additionally, on May 30, 2024, the Applicant was declared not a reporting issuer in Ontario or any other Canadian jurisdiction under the Securities Act (Ontario) and National Policy 11-206. The OSC determined that the order would not harm the public interest.
