Nexera Updates on Delayed Annual Financial Statements

Nexera Energy Inc. (TSX Venture: NGY) has issued a default status report in accordance with National Policy 12-203. On July 16, 2024, the company disclosed a delay in filing its annual financial statements for the year ended March 31, 2024, along with accompanying documentation. Consequently, the Alberta Securities Commission has imposed a management cease trade order (MCTO) preventing the CEO and CFO from trading Nexera securities until these filings are completed. Shareholders who are not company insiders are not impacted.

The management team affirms that they are working to meet the filing obligations and expect to submit the documents by September 13, 2024. Since the initial announcement, no new material information has emerged that would affect investors. Nexera also confirms there are no insolvency proceedings against the company as of this report. The company will continue to provide bi-weekly updates as required by NP 12-203 until the filings are complete.

The next default status report is scheduled for two weeks from the current date. Nexera remains committed to maintaining transparency and compliance during this period.