Information Technology

Peak Fintech Group Inc (PKK CN)

Year: 2021

Canadian financial technology company Peak Fintech listed on the Canadian Stock Exchange in December 2008. Trouble emerged in September 2021 when the company withdraw its application to list on the NASDAQ as its review process was taking longer than expected. In October 2021, short-seller Grizzly Research published a report which accused the company of embezzlement, faking sales and other governance issues. The company's share price has fallen close to 90% since the report's publication but this could simply reflect prevailing market conditions. The report failed to prompt any auditor and/or director resignations and, as such, the allegations remain unproven.

Last updated August 2022.

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