Pegasus Mercantile Provides Default Status Update
Vancouver, BC — February 10, 2026 — Leads & Copy — Pegasus Mercantile Inc. (CSE: LOAN) (Frankfurt: U040) (OTC: XTCYF) today provided an update on its default status, following its announcement on February 4 regarding the Failure-to-File Cease Trade Order (FFCTO) due to a delay in filing its annual financial statements.
The British Columbia Securities Commission (BCSC) issued the FFCTO on February 4, 2026, because the Company was unable to file its annual financial statements and management’s discussion and analysis (MD&A) for the year ended September 30, 2025, by the January 28, 2026 deadline. Consequently, the Canadian Securities Exchange suspended trading of the Company’s shares.
The FFCTO will remain in effect until the Annual Financial Filings and all continuous disclosure requirements are met, and the BCSC revokes the order.
Pegasus Mercantile’s management and audit committee are working with its auditor to provide all necessary information and complete the required documents for the Annual Financial Filings. The Company plans to issue weekly default status reports and confirms that there is no other undisclosed material information relating to its affairs. Management is reviewing due diligence materials for letters of intent already in the pipeline.
Pegasus Mercantile is a prospect generator that provides financial, operational, and management assistance to high-growth companies. The Company has expanded and is diversifying, focusing on global wellness, psychedelics, mycology, hemp and CBD, and healthcare-related target companies and their clinical studies and trials.
Further information about the Company is available on www.SEDARplus.com under the Company’s profile.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Source: Pegasus Mercantile Inc.
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