Tenet Fintech Addresses Recent Trading VolatilityTenet Fintech Addresses Recent Trading Volatility 11/30/2021 08:45 AM ET
Toronto, Ontario, Nov 30, 2021 (Newsfile Corp via COMTEX News Network) -- Toronto, Ontario--(Newsfile Corp. - November 30, 2021) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative Fintech and AI service provider and manager of the Business Hub™, today confirmed that the Company is not aware of any undisclosed material event or events affecting its business operations that might be responsible for the recent trading volatility in its common shares.
On November 24, 2021, Tenet received comments from the United States Securities and Exchange Commission (the "SEC") related to the registration statement (Form 40-F) filed by the Company on October 27, 2021 and is working to address those comments as quickly as possible with the objective of having the SEC declare the registration statement effective if and when satisfied with Tenet's response to the submitted comments. As this process is following its regular course, the Company believed that receiving comments from the SEC did not constitute a material event that would warrant public disclosure. However, believing that the uncertainty surrounding the status of the SEC's review process of the Company's registration statement to be fueling the recent market volatility of its common shares, Tenet decided to make today's announcement.
About Tenet Fintech Group Inc.:
Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence companies. Tenet's subsidiaries provide various analytics and AI-based services to financial institutions and businesses through the Business Hub™, an ecosystem where data analysis and artificial intelligence are used to facilitate transactions among its members. For more information: https://www.tenetfintech.com