VANCOUVER, BC, May 29, 2026 (GLOBE NEWSWIRE) — Phobia‘or the’Company“), a leader in AI-powered data intelligence and digital wallet solutions, today provided an update on the status of the company’s ongoing efforts related to the revocation of the existing failure to file injunction (“FFCTO“) and the resumption of trading of the Company’s common stock on the TSX Venture Exchange (the “TSXV”).
The Company affirms that it continues to work diligently and cooperatively with both the British Columbia Securities Commission (“BCSC“) and the TSXV in connection with the FFCTO withdrawal process and the Company’s application for reinstatement.
Fobi further announces that it has released its third quarter 2026 interim financial statements, related management discussion and analysis, and related certifications (“Q3 submissions“). In an effort to ensure full compliance with applicable securities laws, accounting standards and regulatory policies, the Company voluntarily submits the Q3 filings to the BCSC for pre-filing review prior to public dissemination.
Management believes that this proactive approach will help streamline the review process with applicable regulatory authorities and support the Company’s ongoing efforts to achieve a full revocation of the FFCTO and the resumption of trading.
“We will continue to work closely and constructively with both the BCSC and the TSXV throughout this process,” the spokesperson said Rob Anson, CEO of Fobi. “While the process has taken significant time and coordination, management believes that a careful, transparent and cooperative approach is in the best interests of the Company and its shareholders. Submitting the Q3 applications for pre-filing review reflects our commitment to ensuring full regulatory compliance and helping facilitate an efficient review process.”
The company will continue to provide shareholders with material updates as they become available.
About Fobi AI
Fobi AI Inc. is an advanced AI and data intelligence company that helps companies digitally transform and future-proof their organizations through AI-driven analytics, digital wallet engagement and real-time customer activation solutions. Fobi works with some of the world’s leading organizations across the retail, sports and entertainment, hospitality, telecoms and regulated industries to deliver next-generation customer engagement and operational intelligence solutions.
On behalf of the Board of Directors
Fobi AI Inc.
Rob Anson
General Manager and Director
rob@fobi.ai
604 256 6990
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements/information:
This press release contains certain statements that constitute forward-looking statements or information, including statements regarding the receipt and timing of the withdrawal of the FFCTO and the resumption of trading of the Company’s shares on the TSXV, the receipt of all necessary approvals in connection therewith, and other statements identified by words such as “anticipates”, “may”, “may”, “plans”, “believes”, “estimates”, “expects”, “projects”, “objectives”, “is of plan’, ‘likely’, ‘will’, ‘should’, ‘are’, ‘potential’ and other similar words, or statements that certain events or circumstances ‘may’, ‘would’ or ‘will’ occur. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company’s control, including, but not limited to, market competition, the impact of general economic and industry conditions, competition, stock market volatility, BCSC and TSXV approval conditions, the Company’s ability to meet such BCSC and TSXV approval conditions, and the ability to access sufficient capital from internal and external sources. Although the Company believes that the expectations reflected in its forward-looking statements are reasonable, they are based on factors and assumptions regarding future events that may prove inaccurate. These factors and assumptions are based on currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may affect actual results or events and cause actual results or events to differ materially from those expressed, anticipated or implied by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the nature of the conditions imposed by the BCSC and the TSXV relating to the withdrawal of the FFCTO and the resumption of trading of the Company’s shares on the TSXV, changes in volatile exchange rates, market conditions, market competition and other economic and market factors. This forward-looking information may be affected by risks and uncertainties in the Company’s operations and market conditions. As such, readers are cautioned not to place undue reliance on the forward-looking statements as no assurance can be given as to future plans, operations and results, activity levels or performance.
The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by applicable law, the Company undertakes no obligation to publicly update or revise the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained herein are expressly qualified by this cautionary statement. Trading in the Company’s securities should be considered highly speculative. There can be no assurance that the Company will be able to achieve all or part of the proposed objectives.
