ARCpoint, a healthcare technology firm, has announced its inability to file annual financial statements for the year ended March 31, 2026, by the deadline due to insufficient funds to pay auditors and accounting staff. The company has applied for a Management Cease Trade Order (MCTO) from the British Columbia Securities Commission and expects to file the documents by September 29, 2026. During the MCTO period, insiders will be restricted from trading the company's shares, although the public can continue trading on the TSX Venture Exchange. The company will provide bi-weekly status updates and will file material change reports if any creditor information is disclosed.
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”) to file annual financial statements and accompanying management’s discussion and analysis and related CEO and CFO certificates for the year ended March 31, 2026 (collectively, the “In connection with the Company’s inability to file the Annual Filings on time, the Company has applied for a Management Cease Trade Order (“The Company is applying for the MCTO due to a lack of available funds, which has delayed the Company’s ability to pay its auditors and accounting personnel responsible for completing the Annual Filings.
As a result, the audit of the Company’s annual financial statements for the year ended March 31, 2026, has not been completed, and the Company does not expect to file the Annual Filings by the Annual Filing Deadline. The Company expects to file the Annual Filings on or about September 29, 2026, but in any event as soon as they are available. The Company will issue a news release once the Annual Filings have been filed.
Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in NP 12-203. The guidelines, among other things, require the Company to issue bi-weekly default status reports, in the form of news releases, for so long as the Annual Filings have not been filed. During the MCTO, the general investing public will continue to be able to trade in the Company’s Class A Subordinate Voting Shares listed on the TSX Venture Exchange.
However, the Company’s Chief Executive Officer, Chief Financial Officer, and such other directors, officers and persons as determined by the applicable regulatory authorities will not be able to trade in the Company’s Class A Subordinate Voting Shares, nor will the Company be able to, directly or indirectly, issue securities to or acquire securities from an insider or employee of the Company except in accordance with legally binding obligations to do so existing as of July 29, 2026, being the date of the Company’s anticipated continuous disclosure default. The Company is not subject to any insolvency proceedings.
If the Company provides any information to any of its creditors during the period in which it is in default of filing the Annual Filings, the Company confirms that it will also file material change reports on the Company’s profile on SEDAR+ containing such information. ARCpoint is a healthcare technology company that owns and develops MAPL, a multi-tenant software platform for clinical lab ordering, scheduling and results delivery used by laboratories, collection sites and other healthcare service providers in the United States.
ARCpoint’s Class A Subordinate Voting Shares trade on the TSX Venture Exchange under the symbol “ARC”. 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 news release. This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws.
Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “expects”, “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”.
This information and these statements, referred to herein as “forward‐looking statements”, are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management’s expectations and intentions with respect to, among other things, management’s expectations that it will miss the Annual Filing Deadline, the issuance by the BCSC of an MCTO, and the ability of the Company to file the Annual Filings within the time period described herein. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements.
These risks and uncertainties include, among other things: the BCSC may not issue an MCTO; the Company being unable to file the Annual Filings in the proposed timeframe; recent market volatility; and the state of the financial markets for the Company’s securities. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the BCSC will issue an MCTO and the Company will be able to file the Annual Filings in the proposed time frame.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.
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