TORONTO, July 3, 2024
/PRNewswire/ - Payfare Inc. ("Payfare" or the "Company")
(TSX: PAY) today announces the completion of the filing of its
audited annual financial statements, management's discussion and
analysis, annual information form and related certifications, all
for the year ended December 31, 2023
(collectively, the "Annual Filings"). The Annual Filings
were completed expeditiously following receipt of the System and
Organization Controls ("SOC 1") auditor's report from its
material vendor on June 30, 2024. The
Company's independent auditors completed their outstanding audit
procedures and have issued an unqualified (clean) opinion report
that accompanies Payfare's annual financial statements for the year
ended December 31, 2023. There are no
changes to the financial figures in the Annual Filings compared to
the unaudited and summarized fourth quarter and year ended
December 31, 2023 financial results
that were previously reported and disclosed by Payfare through a
news release on April 25,
2024.
The Company now expects that the Ontario Securities Commission
will revoke the current cease trade order on the Company's
securities, after review of such Annual Filings.
Copies of each of the Annual Filings were filed on SEDAR+ under
Payfare's profile and can be found at www.sedarplus.ca.
About Payfare (TSX:PAY)
Payfare is a leading, international Earned Wage Access ("EWA")
company powering instant access to earnings through an
award-winning digital banking platform for today's workforce.
Payfare partners with leading e-commerce marketplaces, payroll
platforms, and employers to provide financial security and
inclusion for all workers.
Cautionary Statement Regarding Forward Looking
Information
Information and statements contained in this news release that
are not historical facts are "forward-looking information" within
the meaning of applicable securities legislation that involve risks
and uncertainties relating, but not limited, to Payfare's current
expectations, intentions, plans, and beliefs. Forward-looking
information can often be identified by forward-looking words such
as "anticipate", "believe", "expect", "goal", "plan", "target",
"intend", "estimate", "could", "should", "may" and "will" or the
negative of these terms or similar words suggesting future
outcomes, or other expectations, beliefs, plans, objectives,
assumptions, intentions or statements about future events or
performance. Examples of forward-looking information in this news
release include, without limitation: the timing of the revocation
of the Company's cease trade order by the Ontario Securities
Commission. This forward-looking information is based, in part, on
assumptions and factors that may change or prove to be incorrect,
thus causing actual results, performance or achievements to be
materially different from those expressed or implied by
forward-looking information.
Security holders, potential security holders and other
prospective investors should be aware that these statements are
subject to known and unknown risks, uncertainties and other factors
that could cause actual results to differ materially from those
suggested by the forward-looking statements. Such risks include the
factors discussed from time to time in Payfare's filings with the
Canadian Securities Authorities, copies of which can be found under
Payfare's profile on the SEDAR+ website at www.sedarplus.ca.
Security holders, potential security holders and other prospective
investors are cautioned not to place undue reliance on
forward-looking information. By its nature, forward-looking
information involves numerous assumptions, inherent risks and
uncertainties, both general and specific, that contribute to the
possibility that the predictions, forecasts, projections and
various future events will not occur. Payfare undertakes no
obligation to update publicly or otherwise revise any
forward-looking information whether as a result of new information,
future events or other such factors which affect this information,
except as required by law.
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SOURCE Payfare Inc.
