Plaid Technologies Announces Late Filing of Annual Financial Statements and Management Cease Trade Order

Plaid Technologies Inc. announces that it made an application to the British Columbia Securities Commission to approve a temporary management cease trade order (" MCTO ") under National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults (" NP 12-203 "), which will prohibit trading securities by the Company by the Chief Executive Officer and Chief Financial Officer of the Company until such time as the Required Filings (defined below) and all continuous disclosure requirements have been filed by the Company, and the MCTO has been lifted. During the period in which the MCTO is effective, the general public, who are not insiders of the Company, will continue to be able to trade in the Company's listed securities. The MCTO was granted on July 30, 2026 The Company made the application for the MCTO as it expected that it would be unable to file its audited financial statements for the year ended March 31, 2026, and the management's discussion and analysis and related Chief Executive Officer and Chief Financial Officer certificates for this period (collectively, the " Required Filings ") before the July 29, 2026 filing deadline. The Company and the auditor expected a delay in the audit due to the Company having a change in auditor in April of 2026 and a fundamental change in August 2025. As such, the Company was concerned that the Annual Filings might not be filed on time because the successor auditor needs time to complete its work. The Company anticipates that it will be in a position to remedy the default by filing the Required Filings before September 28, 2026. The MCTO will be in effect until the Required Filings are filed. As required by the National Policy 142-203, the Company confirms that it is not subject to any insolvency proceeding as at the date of this news release. The Company confirms that, so long as it remains in default of the specified requirement(s) described above, it intends to satisfy the provisions of the alternative information guidelines set out in National Policy 12-203 Management Cease Trade Orders . In addition, the Company confirms that, other than as disclosed in this news release, there is no material information concerning the affairs of the Company that has not been generally disclosed. About Plaid Technologies Inc. Plaid Technologies Inc. is a Canadian advanced materials company focused on the development and commercialization of graphene-enhanced technologies, including applications in construction, energy, and industrial materials. On Behalf of the Board of Directors "Paul Hughes" Paul Hughes Interim Chief Executive Officer Telephone: 1-800-585-7517 Email: [email protected] Website: https://www.plaidtechnologiesinc.com Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Certain information contained in this release constitute forward-looking statements or information under Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "will", "expects", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "will" occur. In particular, ‎forward-looking ‎statements in this release include statements regarding: the anticipated timing for the filing of the Annual Filings; and the ability of the Company to comply with the requirements of NP12-203. Forward-looking statements are based on the opinions and estimates of management as of the date such statemen...