Magnetic North Acquisition Corp.
BKBLF
Other OTC0.00
USD
- -
- -
ISIN
CA55948L1022
CUSIP
55948L102
Return %
Stock
S&P500
1Y
-99.61
18.21
3Y
-99.08
63.29
5Y
-99.90
74.90
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Andrew Emil Osis
- Full Time Employees
- 6
- Sector
- Financial Services
- Industry
- Financial - Capital Markets
- Address
- 1000, 250 2nd Street SW Calgary AB Canada T2P 0C1
- IPO Date
- May 22, 2020
- Website
- magneticnac.com
- Similar Companies
- Business
- Magnetic North Acquisition Corp. Magnetic North Acquisition Corp. (TSX Venture: MNC, OTC: BKBLF) is a Canada-based investment and merchant banking company focused on building value through targeted capital deployment and active management expertise; it provides strategic financial advice, mergers and acquisitions support, and operational enhancements to portfolio companies across sectors including clean power technology, oilfield services, consumer products, software, and hardware. Founded in 1997 and headquartered in Calgary, Alberta, with additional operations in Toronto, the company targets businesses near positive cash flow that can benefit from improvements in business models, strategy, geographic reach, marketing, communications, operations, and financing, emphasizing diversified portfolios and value creation via systems-based performance assessments. Its current key project centers on Previcare, a specialty chemical firm offering patented long-lasting antimicrobial surface treatments for pathogen control, including compostable medical masks supported by significant purchase orders. Recent developments include multiple non-brokered private placements, such as up to US$11.0 million (CDN$15.8 million) announced in late 2024 with timing extensions into early 2025, an initial closing of a CDN$500,000 placement, entry into a new credit facility, appointment of Shahid Qureshi to the board, repeated delays in annual financial filings leading to management cease trade orders from the Alberta Securities Commission (including issuances in 2025 and revocations upon compliance), resumptions and suspensions of TSX Venture trading, restatements of prior audited financials (e.g., 2022 and 2020), and historical acquisitions like Intergild Advanced Recycling Technologies in 2020, which amalgamated with CXTL Recycling Canada Corp. to form a complete e-waste recycling solution generating initial revenues from $1.9 million in processed e-waste sales.
Magnetic North Acquisition Corp. Provides Bi-Weekly Update on Status of Management Cease Trade Order
Magnetic North Acquisition Corp. Provides Bi-Weekly Update On Status Of Management Cease Trade Order
Magnetic North Acquisition Corp. Announces Delay in Filing of Annual Financial Statements and Application for Management Cease Trade Order