Anaergia Announces Extended Delay in the Filing of Its Audited Financial Statements and Related Disclosures

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BURLINGTON, Ontario — Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG) introduced in the present day that there shall be an extended than beforehand anticipated delay in the submitting of its annual info type for the 12 months ended December 31, 2023, audited annual consolidated monetary statements for the 12 months ended December 31, 2023, the associated administration’s dialogue and evaluation of monetary situation and outcomes of operations and CEO and CFO certificates referring to the audited annual monetary statements (collectively, the “Required Documents”).

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Deloitte LLP and the Company are persevering with to work on the completion of the Required Documents however the timing of the submitting of these paperwork is unsure. The Company anticipates that it is going to be in a place to file the Required Documents in the first half of June 2024.

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Given the delay in submitting the Required Documents, Anaergia expects subsequent delays in: (A) the submitting of its interim monetary statements for the three months ended March 31, 2024, the associated administration’s dialogue and evaluation of monetary situation and outcomes of operations and CEO and CFO certificates referring to the interim monetary statements (collectively, the “Interim Required Documents”); and (B) the holding of its 2024 annual normal and particular assembly of shareholders (the “Annual Meeting”). Given the delays, the Company anticipates that it is going to be in a place to file the Interim Required Documents shortly after the Required Documents, and that the Annual Meeting would happen in late July 2024.

As beforehand disclosed, the Ontario Securities Commission has imposed a failure to file stop commerce order (“FFCTO”) pursuant to National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. The FFCTO prohibits the buying and selling by any particular person of any securities of the Company in Canada, together with trades in the Company’s frequent shares made by the Toronto Stock Exchange. The FFCTO will stay in place till such time as the Required Documents and the Interim Required Documents are accomplished by the Company.

About Anaergia

Anaergia was created to remove a significant supply of greenhouse gases (“GHGs”) by affordably turning natural waste into renewable pure fuel (“RNG”), fertilizer and water by the use of proprietary applied sciences. With a observe report of delivering revolutionary initiatives, Anaergia is uniquely positioned to supply options to in the present day’s most urgent useful resource restoration challenges utilizing a broad portfolio of confirmed applied sciences and a number of undertaking supply strategies. Anaergia is one of the world’s solely corporations with a proprietary portfolio of end-to-end options that combine stable waste processing in addition to wastewater therapy with organics restoration, excessive effectivity anaerobic digestion, RNG manufacturing and restoration of fertilizer and water from natural residuals. The mixture of these applied sciences enhances carbon-negative biogas, clear water and pure fertilizer manufacturing, makes use of a minimized footprint and lowers waste and wastewater therapy prices and GHG emissions.

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For additional info please see: www.anaergia.com

Forward-Looking Statements

This information launch incorporates forward-looking info inside the that means of relevant securities laws, which displays Anaergia’s present expectations relating to future occasions, together with however not restricted to, statements relating to the submitting of the Required Documents and the Interim Required Documents and the timing thereof, the timing of the Annual Meeting and the disposition of the FFCTO. Forward-looking info relies on a quantity of assumptions, together with, however not restricted to the Company’s capability to file the Required Documents and the Interim Required Documents, and the Company’s capability to satisfy its financing and liquidity necessities on a seamless foundation. The Company is topic to a quantity of dangers and uncertainties, many of that are past the Company’s management. Such dangers and uncertainties embrace, however should not restricted to, however should not restricted to, the danger that the Required Documents and the Interim Required Documents are filed later than anticipated, and that buying and selling in the Company’s securities stays halted by the Toronto Stock Exchange till such time as the Required Documents and the Interim Required Documents are filed, counterparty danger publicity and the elements mentioned underneath “Risk Factors” in the Company’s annual info type for the fiscal 12 months ended December 31, 2022, and underneath “Risks and Uncertainties” in the Company’s most up-to-date administration’s dialogue and evaluation. Actual outcomes might differ materially from these projected herein. Anaergia doesn’t undertake any obligation to replace such forward-looking info, whether or not consequently of new info, future occasions or in any other case, besides as expressly required underneath relevant securities legal guidelines. Additional info on these and different elements that might have an effect on Anaergia’s operations or monetary outcomes are included in Anaergia’s reviews on file with Canadian regulatory authorities.

View supply model on businesswire.com: https://www.businesswire.com/information/residence/20240520290529/en/

Contacts

For media and/or investor relations please contact: IR@Anaergia.com

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