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TORONTO — Adya, Inc. (“Adya” or the “Company”), (TSX-V:ADYA; OTCQB: ADYIF) announces a temporary delay in filing of its audited financial statements, management’s discussion and analysis (“MD&A”), and chief executive officer and chief financial officer certificates for year ended December 31, 2025 by the prescribed filing deadline of April 30, 2026.
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The temporary delay is due to transition to new auditor. The delay is not due to any unresolved accounting matters, disagreements with the Company’s auditor, or other disclosure deficiencies. Adya is working diligently with its auditors and expects to complete the required disclosure by approximately May 8, 2026.
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Adya confirms it has sufficient financial and human resources to complete the audit, the Company is not subject to any insolvency proceedings and is not aware of any material information concerning its affairs that has not been generally disclosed. The Company continues to operate normally and remains in compliance with all other continuous disclosure obligations.
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As a result of the delay, the Company expects to be noted in default by applicable securities regulatory authorities in Canada and that the Ontario Securities Commission, as principal regulator, will issue a “failure to file” cease trade order (“CTO”) in accordance with National Policy 11-207 Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions of the Canadian Securities Administrators. The CTO is expected to prohibit any trading in securities of the Company for so long as it remains in effect, in all Canadian jurisdictions in which the Company is a reporting issuer as well as certain other Canadian jurisdictions based on the provisions of local securities legislation. The CTO is also expected to result in the suspension of the Company’s shares from trading on the TSX Venture Exchange until the CTO is revoked and all TSXV requirements are satisfied.
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ABOUT ADYA
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Adya is a publicly traded holding company, with offices located in Toronto, Canada, and currently a strategic shareholder in telecommunications and technology companies.
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Forward-Looking Statements
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Certain statements in this press release may be “forward looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Adya or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Adya assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances.
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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