National Instruments Corp (NATI)

Nexera Announces Delayed Filing of Annual Financial Statements and MD&A and Application for Management Cease Trade Order

CALGARY, AB and SAN ANTONIO, TX / ACCESSWIRE / July 16, 2024 / Nexera Energy Inc. (TSX Venture:NGY)(OTC PINK:EMBYF) (the "Corporation", the "Company" or "Nexera") would like to provide an update on the status of the filing of its annual financial statements, accompanying management's discussion and analysis and related CEO and CFO certifications for the year ended March 31, 2024 (collectively, the "Annual Filings"). The current auditors of the Corporation have recently informed the Corporation that due to the auditors delayed receipt of certain information (such delay a result of (i) certain internal staffing issues at the Corporation that are now resolved; and (ii) internal software issues connected with the Corporation's change of year end (from December 31 to March 31) that are now resolved), they will not be able to complete the audit of the Corporation by the prescribed filing deadline, and the Company anticipates the Annual Filings will be delayed beyond the required filing deadline: (i) under Parts 4 and 5 of National Instrument 51-102 - Continuous Disclosure Obligations and pursuant to National Instrument 52-109 - Certification of Disclosure in Issuer's Annual and Interim Filings, being July 29, 2024 (the "Filing Deadline").