Nexera Energy Faces Cease Trade Order from Alberta Securities Commission
Nexera Energy (TSXV: NGY, OTC: EMBYF) has reported that it received a cease trade order (CTO) from the Alberta Securities Commission on August 5, 2025. This action was taken due to the company’s failure to submit necessary annual financial documents by the deadline of July 29, 2025. The documents that were not filed include the audited financial statements for the fiscal year ending March 31, 2025, along with the management’s discussion and analysis, certificates from the CEO and CFO, and annual disclosures regarding oil and gas activities. The CTO halts all trading of Nexera’s securities, but it can be lifted if the company submits the required documentation within 90 days, a task that management is confident will be completed.
Company’s Ongoing Efforts to Resolve Filing Delays
As of August 6, 2025, Nexera Energy has acknowledged that it has not yet filed its audited financial statements for the year ending March 31, 2025, along with the necessary management discussions and analyses, CEO and CFO certifications, and annual disclosures related to oil and gas. The company is actively collaborating with its advisors to expedite the completion of these filings and aims to submit them as soon as possible. Following the receipt of the CTO from the Alberta Securities Commission, trading in all of Nexera’s securities has been suspended. The CTO will stay in effect until the required filings are made. If Nexera successfully files the necessary documents within the 90-day period following the CTO issuance, it will seek to have the order fully revoked.
About Nexera Energy Inc.
Nexera Energy Inc. (TSXV: NGY) is involved in the energy sector, primarily focusing on oil production in Southwestern Texas. The company owns and operates several projects, including the Lavernia, Wooden Horse, and Stockdale Horizon Projects. Additionally, Nexera has acquired full ownership of Production Resources Inc., another oil company based in South Texas.
Forward-Looking Statements and Their Implications
This announcement contains forward-looking statements, which are based on the company’s expectations regarding the timing of its financial filings. While the management believes that these expectations are reasonable, there is no guarantee they will be met. Actual results may differ significantly from those anticipated due to various risks and uncertainties. The forward-looking information in this release is subject to caution, and the company is not obligated to update these statements unless required by applicable securities laws.
Frequently Asked Questions
Why was Nexera Energy (EMBYF) issued a cease trade order in August 2025?
Nexera Energy received a cease trade order for not submitting its audited annual financial statements for the year ending March 31, 2025, along with other required documents by the July 29, 2025 deadline.
When will the cease trade order for Nexera Energy (EMBYF) be lifted?
The cease trade order will be lifted once Nexera files the necessary documents, which the company expects to complete within 90 days following the issuance of the CTO on August 5, 2025.
What documents does Nexera Energy need to file to lift the cease trade order?
Nexera must submit its audited annual financial statements for March 31, 2025, the management’s discussion and analysis, CEO and CFO certifications, and oil and gas annual disclosures.
How does the cease trade order affect Nexera Energy (EMBYF) shareholders?
The cease trade order suspends all trading of Nexera Energy securities until the company files the required financial documents and regulators revoke the CTO.
