Aja Health and Wellness Updates on Filing of Annual Statements

Aja Health and Wellness Announces Update on Financial Filings

Aja Health and Wellness Inc. ('Aja' or the 'Company') (TSXV:AJA) is making strides towards finalizing its annual audited financial statements for the fiscal year ending December 31, 2024. This announcement provides a crucial update following the Company’s earlier communications regarding delays.

Details on the Delay of Required Financial Filings

The Company has recently communicated with investors regarding a management cease trade order application submitted to the Alberta Securities Commission (ASC). This order arises from Aja's inability to meet the April 30, 2025, deadline for the Required Annual Filings, which include crucial documents such as management’s discussion and analysis, along with certificates from both the CEO and CFO.

The delay has been attributed to discussions between the Company's auditors and the auditor's technical committee concerning the reverse takeover transaction (RTO) completed on September 17, 2024. After consultations, the auditors have classified the RTO as a series of acquisitions for accounting purposes. This classification necessitated additional time to finalize the audited financial statements.

Expectations Moving Forward

Aja Health and Wellness is committed to filing the Required Annual Filings by June 13, 2025. The management cease trade order currently limits trading activities conducted by executive officers; however, trading by regular investors is unaffected and can continue under normal circumstances.

During the interim period before the required documents are filed, the Company plans to adhere to the Alternative Information Guidelines as specified in National Policy 12-203. This measure ensures that investors are kept informed while navigating through the temporary regulatory restrictions.

Message from Company Leadership

Sanjeev Parsad, President, CEO, and Director of Aja Health and Wellness, reassured stakeholders of the Company’s transparency and compliance efforts. His message emphasized the significance of these financial statements and the Company’s dedication to maintaining open communication with investors.

The statements indicated that all measures are being taken to ensure a smooth and timely fulfillment of the company's obligations regarding the Required Annual Filings.

Contact Information for Investors

For those seeking further information, Aja Health and Wellness encourages interested parties to reach out to Sanjeev Parsad directly. He is available for inquiries via phone at (604) 678.9115 or fax at (604) 678.9279. Alternatively, emails can be directed to sparsad@ajahw.com. More information about the Company can also be found on their website at www.ajahw.com.

Frequently Asked Questions

What caused the delay in filing the financial statements?

The delay was mainly due to the auditors needing clarification regarding the classification of the reverse takeover transaction, which required additional time for finalizing the financial statements.

When does Aja Health plan to file the annual financial statements?

The Company expects to file the Required Annual Filings on or before June 13, 2025.

How does the management cease trade order affect investors?

The management cease trade order restricts trading activities by Company executives but does not affect regular trading by other investors.

Who can I contact for more information about Aja Health?

Investors can contact Sanjeev Parsad, President, and CEO, via phone or email for further inquiries regarding Company updates.

What is the significance of the reverse takeover for Aja Health?

The reverse takeover is significant as it impacts how the Company’s financials will be reported and classified, influencing stakeholder expectations and financial statement accuracy.

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