HURST,
Texas, Oct. 24, 2022 /CNW/ - NextPoint Financial
Inc. (TSX: NPF.U) (TSX: NPF.WT.U) ("NextPoint" or, the
"Company") announces that its annual meeting of shareholders
of NextPoint (the "Meeting") will take place on Friday, December 30, 2022.
Further to the Company's press release dated September 28, 2022, the Toronto Stock Exchange
granted the Company an extension to hold its Meeting once the
Company's audited consolidated financial statements for the year
ended December 31, 2021 (the
"Annual Financial Statements") are available.
The Company will deliver a new
notice of meeting, management information
circular and proxy to its shareholders in connection with the new
Meeting (the "Meeting Materials"). Further information
related to the Meeting will be included in the Meeting Materials,
which will be made available on SEDAR at www.sedar.com closer to
the date of the Meeting.
Continuous Disclosure Filing
Update
Further to the Company's press release dated May 25, 2022, NextPoint is continuing to conduct
further analysis with respect to interest income and related
customer loan balances at its LoanMe lending business which is
required to complete the Annual Financial Statements and the
related management's discussion and analysis, as well as the CEO
and CFO certificates and annual information form for the year ended
December 31, 2021 (collectively, the
"2021 Documents").
As a result of the ongoing analysis at the LoanMe segment, the
Company was unable to file its (i) interim financial results for
the quarter ended March 31, 2022 and
the related management's discussion and analysis and CEO and CFO
certificates (collectively, the "Q1 Filings") by the filing
deadline of May 16, 2022, and (ii)
interim financial results for the quarter ended June 30, 2022 and the related management's
discussion and analysis and CEO and CFO certificates (collectively,
the "Q2 Filings") by the filing deadline of August 15, 2022.
Based on the information currently available, NextPoint expects
to be in a position to file the 2021 Documents, the Q1 Filings and
the Q2 Filings no later than December 9,
2022, January 13, 2023 and
January 27, 2023, respectively.
About NextPoint Financial
Inc.
NextPoint is an all-inclusive marketplace for financial services
empowering hardworking and underserved consumers and small
businesses. NextPoint was formed through the July 2021 combination of Liberty Tax, a leading
provider of tax preparation services, with LoanMe, an online lender
and loan marketer followed by the December
2021 acquisition of Community Tax, an effective advocate for
tax debt resolution on behalf of customers.
SOURCE NextPoint Financial Inc.
