Uniserve Communications Corporation (TSXV: USS), a Canadian provider of managed IT, ISP, cloud, and data centre services, announced today that it will not meet the regulatory deadline for filing its business acquisition report (BAR) and associated financial statements related to the acquisition of Megawire Inc. The company requires additional time to prepare the necessary financial statements and to arrange for the completion of audits, as Megawire and other entities involved in the transaction are private companies that have not previously prepared audited financial statements.
The BAR is required under National Instrument 51-102 – Continuous Disclosure Obligations (NI 51-102) within a 75-day period from the acquisition. Uniserve had previously announced the acquisition of all business, assets, and undertakings of Megawire in a news release dated December 23, 2025. The company now expects to make the required filings by no later than June 30, 2026. In the interim, Uniserve has imposed a management trading blackout pending the filing.
This delay highlights the complexities involved in integrating private companies with no prior audit history into a public reporting issuer. The company stated it is working diligently with its selected auditor to complete the required financial statements and audit. Uniserve confirmed that it is current in all other continuous disclosure filings.
The acquisition of Megawire is seen as a strategic move to expand Uniserve’s capabilities and geographic reach in delivering managed IT, connectivity, and digital infrastructure solutions across Canada. Uniserve operates offices in Vancouver, Calgary, and Waterloo, offering services across data centre solutions, managed IT services, and business internet.
For further information on the acquisition, refer to Uniserve’s earlier news release at NewMediaWire. Additional details about the company are available at uniserve.com or on SEDAR+ at sedarplus.ca.
The company will provide updates as required under applicable securities laws. This news release contains forward-looking statements based on management’s estimates and assumptions, and actual results may differ materially.
