StageZero Life Sciences Announces Delay to Fourth Quarter and Year End 2023 Financial Results

TORONTO, ON / ACCESSWIRE / April 2, 2024 / StageZero Life Sciences, Ltd. (TSX:SZLS)(OTCQB:SZLSF) ("StageZero" or the "Company"), an integrated healthcare company with the first and only mRNA multi-cancer diagnostic for screening for multiple, key cancers from a single sample of blood - Aristotle, and an oncologist-led adjunctive treatment protocol with early data - METRICS study - showing an improvement in outcome in cancer patients, today announced a delay in the filing of its audited consolidated financial statements for the year ended December 31, 2023, management's discussion and analysis for the same period and management certifications of annual filings (collectively, the "Filings") beyond the deadline of April 2, 2024 prescribed by Canadian securities laws. StageZero expects to file its Annual Report on Form 20-F within the applicable U.S. filing deadline. The Company further announced that it will release its fourth quarter and year end 2023 financial results for the year ended December 31, 2023 before or by May 31, 2024.

Based on unaudited financial statements prepared by the management of the Company, StageZero expects Q4 2023 revenue to be in line with previous quarters during 2023. The principle reason for the delay is that the Company has not had the full financial resources to fully pay the auditor to complete the 2023 audit and establish an independent opinion. Payment to date is partial.

The Company has informed the staff of the Ontario Securities Commission (the "OSC") about its delay of the Filings and has applied to the OSC pursuant to Part 4 of National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") for a Management Cease Trade Order ("MCTO") pending the release of the Filings. If an MCTO is issued, StageZero intends to satisfy the provisions of the "alternative information guidelines" set out in NP 12-203, including the requirement to file bi-weekly status reports in the form of news releases containing prescribed updating information, until the Filings are made. An MCTO would not generally affect the ability of persons who are not directors, officers, or insiders of the Company to trade in securities of the Company.