HURST,
Texas, Dec. 30, 2022 /CNW/ - NextPoint
Financial Inc. (TSX: NPF.U) (TSX: NPF.WT.U) ("NextPoint" or,
the "Company") announced today that, as a result of the
Company's financial statements in respect of the financial year
ended December 31, 2021 (the
"Annual Financial Statements") not being ready to put before
the Company's shareholders at its annual general meeting of the
Company's shareholders (the "AGM") scheduled for
9:30 am (Eastern Time) today, it will
ask Company shareholders to adjourn the AGM to 9:30 am (Eastern Time) on January 6, 2023. The Company anticipates
that the Annual Financial Statements and the related management's
discussion and analysis and annual information form will be filed
with the Canadian Securities Administrators prior to the date of
the adjourned AGM.
The Company anticipates completing and filing its (i) interim
financial statements for the quarter ended March 31, 2022 and the related management's
discussion and analysis, and (ii) interim financial statements
for the quarter ended June 30, 2022
and the related management's discussion and analysis, by the end
of February of 2023. The Company also anticipates completing and
filing its interim financial statements for the quarter ended
September 30, 2022 and the related
management's discussion and analysis by the end of February of
2023. Upon becoming current with its continuous disclosure filings,
the Company will promptly seek to have the cease trade order
issued by the Ontario Securities Commission and announced on
May 25, 2022 lifted.
About NextPoint Financial
Inc.
NextPoint is an all-inclusive marketplace for financial services
empowering hardworking and underserved consumers and small
businesses. NextPoint's primary business units are Liberty Tax, a
leading provider of tax preparation services, and Community Tax, an
effective advocate for tax debt resolution on behalf of
customers.
Forward Looking
Statements
This news release contains statements that include
"forward-looking information" (as defined under applicable
securities laws) ("forward-looking statements"). These
forward-looking statements relate to future events or future
performance including with respect to, among other things,
the anticipated outcome of the annual AGM, the timing of the
adjourned AGM, the timing of filling its Annual Financial
Statements and the interim financial statements referred to herein
along with the related management's discussion and analysis and
annual information form, and the lifting of the cease trade order
issued by the Ontario Securities Commission and announced on
May 25, 2022. . Such forward-looking
statements reflect management's current beliefs and are based on
information currently available to management. In some cases,
forward-looking statements can be identified by terminology such as
"may", "will", "should", "expect", "plan", "anticipate", "believe",
"estimate", "predict", "potential", "continue", "target", "intend",
"could" or the negative of these terms or other comparable
terminology. By their very nature, forward-looking statements
involve inherent risks and uncertainties, both general and
specific, and many factors could cause actual events or results to
differ materially from the results discussed in the forward-looking
statements. In evaluating forward-looking statements, readers
should specifically consider various factors that may cause actual
results to differ materially from any forward-looking statement.
These factors include, but are not limited to, the timing for
completion of the work required to be completed by the auditors of
the Company, the timeline for and outcome of the engagement with
applicable securities regulatory authorities and stock exchange
staff, and the risks and uncertainties discussed in the section
entitled "Risk Factors" in the Company's final prospectus dated
June 3, 2021. Forward-looking
statements contained in this news release are not guarantees of
future performance and, while forward-looking statements are based
on certain assumptions that the Company considers reasonable,
actual events and results could differ materially from those
expressed or implied by forward-looking statements made by the
Company. Except as may be expressly required by applicable law, the
Company does not undertake any obligation to update publicly or
revise any such forward-looking statements, whether as a result of
new information, future events or otherwise.
SOURCE NextPoint Financial Inc.