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) related to the acquisition of Megawire Inc. The BAR, required under National Instrument 51-102 – Continuous Disclosure Obligations, must be filed within 75 days of the acquisition, but Uniserve needs more time to prepare the necessary financial statements.
The delay stems from the fact that Megawire, along with other entities involved in the transaction—Brimax Financial Services Inc. and Waterloo Wireless Inc.—are private companies that have not previously prepared or filed audited financial statements. Uniserve stated it is working diligently with its selected auditor to complete the audit and expects to file the required documents by June 30, 2026. In the interim, the company has imposed a management trading blackout.
Uniserve completed the acquisition of Megawire on December 23, 2025, as previously announced. The company views the acquisition as a significant step in expanding its 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 in data centre solutions, managed IT services, and business internet.
Despite the delay, Uniserve confirmed it is current in all other continuous disclosure filings. The company will provide further updates as required under applicable securities laws. For more details on the acquisition, refer to Uniserve's news release dated December 23, 2025, available on SEDAR+.
This news release was prepared by Uniserve's Board of Directors, which accepts full responsibility for its contents. Forward-looking statements in this release are based on management's estimates and assumptions, and actual results may differ materially. The TSX Venture Exchange and its Regulations Services Provider accept no responsibility for the adequacy or accuracy of this release.
