XTM Regains Trading Status, Appoints New CFO to Drive Growth and Shareholder Value

In a significant development, XTM Inc. (CSE:PAID / FSE:7XT), a leading Fintech company, has announced the revocation of the failure-to-file cease trade order issued against it by the Ontario Securities Commission (OSC). This move paves the way for the company to resume trading on the Canadian Securities Exchange (CSE) and marks a crucial milestone in its journey. Alongside this announcement, XTM has also appointed industry veteran Jakob Ripshtein as its new Chief Financial Officer, further strengthening its leadership team and positioning the company for accelerated growth and increased shareholder value.

Unlocking New Opportunities: XTM's Revitalized Trading Status

Regaining Regulatory Compliance and Investor Confidence

The revocation of the cease trade order by the OSC is a significant achievement for XTM, as it demonstrates the company's commitment to maintaining regulatory compliance and transparency. The order was initially issued due to XTM's failure to file its annual audited financial statements and related management discussion and analysis for the financial year ended December 31, 2023. By addressing this issue and filing the required documents, XTM has regained the trust of regulators and investors, positioning itself for renewed growth and market engagement.

Strengthening Financial Reporting and Governance

The filing of the Annual Financial Statements, interim financial statements, and related management's discussion and analysis marks a crucial step in XTM's journey. These comprehensive financial disclosures not only fulfill regulatory requirements but also provide investors with a clear and transparent view of the company's financial performance and position. This enhanced financial reporting and governance framework will be instrumental in building investor confidence and supporting the company's long-term success.

Paving the Way for Resumed Trading on the CSE

With the revocation of the cease trade order, XTM is now in contact with the CSE to have the suspension of trading of its common shares lifted. This development will enable the company to regain its presence in the public markets, allowing investors to actively participate in XTM's growth story. The resumption of trading will provide the company with increased access to capital markets, facilitating its ability to pursue strategic initiatives and drive shareholder value.

Empowering Growth: The Appointment of Jakob Ripshtein as CFO

Seasoned Financial Leader with a Proven Track Record

The appointment of Jakob Ripshtein as XTM's new Chief Financial Officer is a strategic move that aligns with the company's ambitious growth plans. Ripshtein brings over 30 years of experience leading finance, corporate strategy, marketing, and sales, with a deep understanding of diversified industries. His extensive background, which includes senior roles at Diageo Canada and Diageo North America, positions him as the ideal candidate to guide XTM's financial and strategic direction.

Driving Financial Excellence and Operational Efficiency

As the new CFO, Ripshtein will be responsible for providing the financial and strategic leadership to help XTM achieve its financial goals and objectives. His expertise in areas such as financial planning, reporting, and controls, as well as his ability to collaborate across various functions, will be instrumental in driving operational excellence and optimizing the company's performance. Ripshtein's proven track record of delivering on financial commitments and shaping business strategy will be invaluable as XTM navigates its next phase of growth.

Enhancing Shareholder Value and Investor Confidence

The appointment of Ripshtein as CFO is a clear signal of XTM's commitment to strengthening its financial management and enhancing shareholder value. His leadership and strategic vision will play a crucial role in guiding the company's financial decisions, resource allocation, and the prioritization of strategic initiatives. By leveraging Ripshtein's extensive experience and industry knowledge, XTM aims to achieve profitable growth, improve operational efficiency, and ultimately deliver increased value to its shareholders.