The Ontario Securities Commission (OSC) granted TrueContext Corporation’s application to be deemed as no longer offering its securities to the public under subsection 1(6) of the Business Corporations Act (Ontario) (OBCA). TrueContext Corporation, headquartered in Ottawa, Ontario, confirmed it does not intend to seek public financing and had previously been declared not a reporting issuer in Ontario or any other Canadian jurisdiction as per an order dated May 29, 2024. The OSC determined that approving this request would not harm the public interest. Consequently, TrueContext Corporation is officially recognized as having ceased to offer its securities to the public.
