{"success":true,"data":{"pressRelease":{"id":"87602","rtpr_id":"nGNX7BfPhD","ticker":"RAY","exchange":"TSX","all_tickers":["RAY"],"title":"Stingray Provides Update on Management Cease Trade Order","author":"Globe Newswire","published_at":"2026-07-14T12:00:00.335Z","article_body":"MONTREAL, July 14, 2026 (GLOBE NEWSWIRE) -- Stingray Group Inc. (TSX: RAY)\n(“Stingray” or the “Corporation”) is providing an update with respect\nto its previously announced temporary management cease trade order (the\n“MCTO”) issued by the Autorité des marchés financiers under National\nPolicy 12-203 – Management Cease Trade Orders (“NP 12-203”), as\ndisclosed in the news releases of the Corporation dated June 22, 2026 (the\n“Default Announcement”) and June 30, 2026 (the “MCTO Announcement”).\n\nStingray and its auditor continue to work diligently to file Stingray’s\naudited consolidated financial statements for the year ended March 31, 2026,\nmanagement’s discussion and analysis thereof and the CEO and CFO\ncertificates associated therewith and Stingray’s annual information form for\nthe year ended March 31, 2026 (collectively, the “Required Filings”).\nStingray remains committed to completing the filings as soon as practicable,\nwhich is expected to be no later than August 29, 2026. The MCTO will be in\neffect until the Required Filings are completed.\n\nStingray is providing this bi-weekly update in accordance with NP 12-203 and\nwill continue to provide such bi-weekly updates for so long as the Required\nFilings remain outstanding.\n\nStingray confirms that as of the date herein, (a) there has been no material\nchange to the information set out in the Default Announcement or the MCTO\nAnnouncement that has not been generally disclosed; (b) there has been no\nfailure by the Corporation in fulfilling its stated intentions with respect to\nsatisfying the provisions of the alternative information guidelines set out in\nNP 12-203; (c) there has not been, nor is there anticipated to be, any\nspecified default subsequent to the default which is the subject of the\nDefault Announcement; and (d) there is no other material information\nconcerning the affairs of the Corporation that has not been generally\ndisclosed.\n\nThe MCTO prohibits the chief executive officer and the chief financial officer\nof the Corporation, as well as the directors of the Corporation, from trading\nin securities of the Corporation for so long as the Required Filings are not\nfiled. The MCTO does not generally affect the ability of other persons to\ntrade the securities of Stingray pending the filing of the Required Filings\nvia SEDAR+. Additionally, for so long as the Required Filings are not filed,\nStingray will not, directly or indirectly, issue securities or acquire\nsecurities from an insider or employee of the Corporation except in accordance\nwith legally binding obligations to do so existing as of June 30, 2026.\n\nAbout Stingray\nStingray Group Inc. (TSX: RAY), the world’s leading connected streaming\nmedia company, delivers the best curated audio and video content to consumers\nworldwide. As a pioneer in multiplatform streaming and distribution,\nStingray’s vast digital content portfolio includes thousands of live audio\nand radio stations, premium music channels, concerts and music documentaries,\nkaraoke products, as well as ambience and wellness channels. Its offering is\ndistributed via connected TVs, smart speakers, mobile, connected cars and\nretail. Reaching hundreds of millions of consumers every month, Stingray’s\nproducts offer an unparalleled advertising reach, enabling brands to connect\nwith an engaged audience across the world. Home to globally renowned brands\nsuch as TuneIn, Singing Machine, Stingray Karaoke and Qello Concerts, Stingray\nis powered by a worldwide team of more than 1,000 employees. For more\ninformation, visit www.stingray.com.\n\nForward-looking Information\nThis news release contains forward-looking information within the meaning of\napplicable Canadian securities law. Such forward-looking information includes,\nbut is not limited to, statements with respect to the anticipated filing date\nfor the Required Filings, as well as statements pertaining the expected\ntimeline for the MCTO to be lifted. Although the Corporation believes that the\nexpectations reflected in such forward-looking information are reasonable,\nsuch information involves risks and uncertainties and are based on information\ncurrently available to the Corporation. By its nature, this information is\nsubject to inherent risks and uncertainties that may be general or specific. A\nvariety of material factors – many of which are beyond Stingray’s control\n– affect the operations, performance and results of Stingray and its\nbusiness, and could cause actual results to differ materially from the\nexpectations expressed in any of this forward-looking information.\nForward-looking information is identified by the use of terms and phrases such\nas “may”, “will”, “would”, “should”, “could”,\n“expect”, “intend”, “estimate”, “anticipate”, “plan”,\n“foresee”, “believe”, and “continue”, or the negative of these\nterms and similar terminology, including references to assumptions. Please\nnote, however, that not all forward-looking information contains these terms\nand phrases. Additional information about the risks and uncertainties\naffecting Stingray’s business can be found under the heading entitled\n“Risk Factors” in Stingray’s Annual Information Form for the year ended\nMarch 31, 2025, which is available on SEDAR+ at www.sedarplus.ca.\nConsequently, all of the forward-looking information contained herein is\nqualified by the foregoing cautionary statements, and there can be no\nguarantee that the results or developments that Stingray anticipates will be\nrealized or, even if substantially realized, that they will have the expected\nconsequences or effects on Stingray’s business, financial condition or\nresults of operation. Unless otherwise noted or the context otherwise\nindicates, the forward-looking information contained herein is provided as of\nthe date hereof, and Stingray does not undertake to update or amend such\nforward-looking information whether as a result of new information, future\nevents or otherwise, except as may be required by applicable law.\n\nFor more information, please contact:\n\nMathieu Péloquin, CPA\nSenior Vice-President, Marketing and Communications\nStingray Group Inc.\n(514) 664-1244, ext. 2362\nmpeloquin@stingray.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/49232d0d-61fd-4c44-bea8-7f846e291a6e)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX7BfPhD","title":"Stingray Provides Update on Management Cease Trade Order","author":"Globe Newswire","ticker":"RAY","created":"2026-07-14T12:00:00.335Z","tickers":["RAY"],"exchange":"TSX","article_body":"MONTREAL, July 14, 2026 (GLOBE NEWSWIRE) -- Stingray Group Inc. (TSX: RAY)\n(“Stingray” or the “Corporation”) is providing an update with respect\nto its previously announced temporary management cease trade order (the\n“MCTO”) issued by the Autorité des marchés financiers under National\nPolicy 12-203 – Management Cease Trade Orders (“NP 12-203”), as\ndisclosed in the news releases of the Corporation dated June 22, 2026 (the\n“Default Announcement”) and June 30, 2026 (the “MCTO Announcement”).\n\nStingray and its auditor continue to work diligently to file Stingray’s\naudited consolidated financial statements for the year ended March 31, 2026,\nmanagement’s discussion and analysis thereof and the CEO and CFO\ncertificates associated therewith and Stingray’s annual information form for\nthe year ended March 31, 2026 (collectively, the “Required Filings”).\nStingray remains committed to completing the filings as soon as practicable,\nwhich is expected to be no later than August 29, 2026. The MCTO will be in\neffect until the Required Filings are completed.\n\nStingray is providing this bi-weekly update in accordance with NP 12-203 and\nwill continue to provide such bi-weekly updates for so long as the Required\nFilings remain outstanding.\n\nStingray confirms that as of the date herein, (a) there has been no material\nchange to the information set out in the Default Announcement or the MCTO\nAnnouncement that has not been generally disclosed; (b) there has been no\nfailure by the Corporation in fulfilling its stated intentions with respect to\nsatisfying the provisions of the alternative information guidelines set out in\nNP 12-203; (c) there has not been, nor is there anticipated to be, any\nspecified default subsequent to the default which is the subject of the\nDefault Announcement; and (d) there is no other material information\nconcerning the affairs of the Corporation that has not been generally\ndisclosed.\n\nThe MCTO prohibits the chief executive officer and the chief financial officer\nof the Corporation, as well as the directors of the Corporation, from trading\nin securities of the Corporation for so long as the Required Filings are not\nfiled. The MCTO does not generally affect the ability of other persons to\ntrade the securities of Stingray pending the filing of the Required Filings\nvia SEDAR+. Additionally, for so long as the Required Filings are not filed,\nStingray will not, directly or indirectly, issue securities or acquire\nsecurities from an insider or employee of the Corporation except in accordance\nwith legally binding obligations to do so existing as of June 30, 2026.\n\nAbout Stingray\nStingray Group Inc. (TSX: RAY), the world’s leading connected streaming\nmedia company, delivers the best curated audio and video content to consumers\nworldwide. As a pioneer in multiplatform streaming and distribution,\nStingray’s vast digital content portfolio includes thousands of live audio\nand radio stations, premium music channels, concerts and music documentaries,\nkaraoke products, as well as ambience and wellness channels. Its offering is\ndistributed via connected TVs, smart speakers, mobile, connected cars and\nretail. Reaching hundreds of millions of consumers every month, Stingray’s\nproducts offer an unparalleled advertising reach, enabling brands to connect\nwith an engaged audience across the world. Home to globally renowned brands\nsuch as TuneIn, Singing Machine, Stingray Karaoke and Qello Concerts, Stingray\nis powered by a worldwide team of more than 1,000 employees. For more\ninformation, visit www.stingray.com.\n\nForward-looking Information\nThis news release contains forward-looking information within the meaning of\napplicable Canadian securities law. Such forward-looking information includes,\nbut is not limited to, statements with respect to the anticipated filing date\nfor the Required Filings, as well as statements pertaining the expected\ntimeline for the MCTO to be lifted. Although the Corporation believes that the\nexpectations reflected in such forward-looking information are reasonable,\nsuch information involves risks and uncertainties and are based on information\ncurrently available to the Corporation. By its nature, this information is\nsubject to inherent risks and uncertainties that may be general or specific. A\nvariety of material factors – many of which are beyond Stingray’s control\n– affect the operations, performance and results of Stingray and its\nbusiness, and could cause actual results to differ materially from the\nexpectations expressed in any of this forward-looking information.\nForward-looking information is identified by the use of terms and phrases such\nas “may”, “will”, “would”, “should”, “could”,\n“expect”, “intend”, “estimate”, “anticipate”, “plan”,\n“foresee”, “believe”, and “continue”, or the negative of these\nterms and similar terminology, including references to assumptions. Please\nnote, however, that not all forward-looking information contains these terms\nand phrases. Additional information about the risks and uncertainties\naffecting Stingray’s business can be found under the heading entitled\n“Risk Factors” in Stingray’s Annual Information Form for the year ended\nMarch 31, 2025, which is available on SEDAR+ at www.sedarplus.ca.\nConsequently, all of the forward-looking information contained herein is\nqualified by the foregoing cautionary statements, and there can be no\nguarantee that the results or developments that Stingray anticipates will be\nrealized or, even if substantially realized, that they will have the expected\nconsequences or effects on Stingray’s business, financial condition or\nresults of operation. Unless otherwise noted or the context otherwise\nindicates, the forward-looking information contained herein is provided as of\nthe date hereof, and Stingray does not undertake to update or amend such\nforward-looking information whether as a result of new information, future\nevents or otherwise, except as may be required by applicable law.\n\nFor more information, please contact:\n\nMathieu Péloquin, CPA\nSenior Vice-President, Marketing and Communications\nStingray Group Inc.\n(514) 664-1244, ext. 2362\nmpeloquin@stingray.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/49232d0d-61fd-4c44-bea8-7f846e291a6e)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-07-14T12:00:00.553616523Z","server_sent_at_ms":1784030400553},"received_at":"2026-07-14T12:00:00.606Z","source_url":"https://www.globenewswire.com/news-release/2026/07/14/3326794/0/en/Stingray-Provides-Update-on-Management-Cease-Trade-Order.html"},"analysis":{"id":"76656","press_release_id":"87602","analysis_json":{"industry":{"label":"Media & Entertainment","sector":"Communication Services"},"redFlags":["Financial statements for FY ended March 31, 2026 are delayed nearly 5 months to August 29, 2026","Management Cease Trade Order (MCTO) prohibits CEO, CFO and directors from trading","Company relying on alternative information guidelines under NP 12-203"],"eventType":"late_filing","narrative":"Stingray Group remains subject to a Management Cease Trade Order (MCTO) issued by the Autorité des marchés financiers regarding its delayed audited financial statements for the year ended March 31, 2026.\n\nThe company now anticipates filing the required annual financial statements, MD&A, and associated certificates no later than August 29, 2026.\n\nThe MCTO prohibits the CEO, CFO, and all directors from trading company securities until the filings are completed, though general trading by other persons remains unaffected.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"MCTO remains in effect as FY26 audit drags on; insider trading suspended through August."},"keyFigures":{"customDimensions":{"fiscal_year_end":"March 31, 2026","mcto_start_date":"June 30, 2026","target_filing_date":"August 29, 2026"}},"quotedText":"","namedEntities":{"people":[{"name":"Mathieu Péloquin","role":"Senior Vice-President, Marketing and Communications"}],"products":["TuneIn","Singing Machine","Stingray Karaoke","Qello Concerts"],"companies":[{"name":"Stingray Group Inc.","ticker":"RAY"},{"name":"Autorité des marchés financiers","relationship":"regulator"}],"dollarAmounts":[]},"materialImpact":{"score":4,"reasoning":"The company is under a Management Cease Trade Order (MCTO) prohibiting CEO, CFO, and directors from trading due to a failure to file audited financials for the fiscal year ended March 31, 2026. The filing is now delayed until August 29, 2026—a gap of nearly five months—signaling significant accounting or internal control issues."},"tickerRelevance":{"others":[],"primary":"RAY"},"globalImportance":35,"audienceRelevance":25,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"mid-cap","eventGravity":"regulatory_mcto","sectorWeight":"media","delayDuration":"5_months"}},"event_type":"late_filing","event_type_secondary":null,"sentiment":"bearish","material_impact_score":4,"narrative":"Stingray Group remains subject to a Management Cease Trade Order (MCTO) issued by the Autorité des marchés financiers regarding its delayed audited financial statements for the year ended March 31, 2026.\n\nThe company now anticipates filing the required annual financial statements, MD&A, and associated certificates no later than August 29, 2026.\n\nThe MCTO prohibits the CEO, CFO, and all directors from trading company securities until the filings are completed, though general trading by other persons remains unaffected.","key_figures":{"customDimensions":{"fiscal_year_end":"March 31, 2026","mcto_start_date":"June 30, 2026","target_filing_date":"August 29, 2026"}},"named_entities":{"people":[{"name":"Mathieu Péloquin","role":"Senior Vice-President, Marketing and Communications"}],"products":["TuneIn","Singing Machine","Stingray Karaoke","Qello Concerts"],"companies":[{"name":"Stingray Group Inc.","ticker":"RAY"},{"name":"Autorité des marchés financiers","relationship":"regulator"}],"dollarAmounts":[]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-14T13:07:55.811Z","global_importance":35,"audience_relevance":25,"importance_components":{"tickerTier":"mid-cap","eventGravity":"regulatory_mcto","sectorWeight":"media","delayDuration":"5_months"}},"durationMs":232840,"modelName":"glm-4.7"}}