Mississauga, Ontario–(Newsfile Corp. – April 24, 2026) – Further to its press release dated April 8, 2026, MyndTec Inc. (CSE: MYTC) (“MyndTec” or the “Company“) announced today that, having been unable to secure the additional financing required to continue operations, it has made a voluntary assignment in bankruptcy for the general benefit of its creditors pursuant to section 49 of the Bankruptcy and Insolvency Act (Canada) (the “BIA“).
After careful consideration of available alternatives and in consultation with insolvency counsel and the Trustee, the board of directors of the Company determined that a restructuring of the Company’s financial affairs through a proposal to creditors under Part III of the BIA was not feasible in…