" The EDGAR Next deadline is no longer a future concern—it is an immediate compliance requirement. Companies that fail to complete enrollment risk losing filing access at a critical time. " The EDGAR Next deadline is only weeks away. On September 15, 2025, the SEC will switch to its new system, and companies that haven’t completed enrollment risk being unable to file. This article is a practical transition checklist—highlighting what’s changing, the steps to take now, and the last-minute pitfalls to avoid. Following these steps will keep your filing schedule on track and ensure you move into EDGAR Next prepared and confident. Step 1: The Crisis Check—Confirm Your Credentials Now Before you can enroll, the SEC requires you to prove your identity with your current, valid legacy codes. Some companies are discovering at the last minute that they can't find them. Find your situation: 1. You have your valid CCC and Passphrase You’re ready. Proceed to Step 2. 2. You have your CCC but lost your Passphrase Problem: Enrollment cannot continue without it. Solution: Regenerate your Passphrase. If you still have a valid CCC, TMX Newsfile offers a Passphrase Regeneration service so you can proceed quickly. 3. You have neither your CCC nor your Passphrase Critical Problem: You are locked out of the process. Solution: You must file a notarized Form ID Amendment  with the SEC. Processing typically takes 3–7+ business days. Do not wait.  If you are missing codes, act immediately to avoid delays as the deadline approaches. Step 2: Understand the New Rules of the Road EDGAR Next replaces shared passwords with secure, individual login.gov  accounts. Designated Account Administrators (AAs) now control all access. Step 3: Choose Your Path to Compliance Once your credentials are in order, you have two ways to manage the transition and your ongoing compliance. Our TMX Newsfile-Led service removes the entire burden, ensuring a flawless transition and effortless ongoing compliance. Step 4: Avoid the Most Common Last-Minute Pitfalls Based on what we're seeing in the market, these are the top challenges tripping up companies: Invalid CCC or Passphrase : Without them, enrollment halts. Regeneration (CCC required) or Form ID Amendment is the only path forward. The "Too Many Cooks" Error:  Multiple people attempting to enroll the same CIK causes system conflicts. Assign one leader for the process. Admin Bottlenecks:  Designating only the minimum two admins creates a risk if one is unavailable. We recommend five for redundancy—a key feature of our managed service. Using the Old CCC:  After you enroll, your old CCC is deactivated. Any filing attempt with it will fail. Forgetting the Annual Confirmation:  This new requirement is easy to miss. Treat it like any other compliance deadline. Step 5: Prepare for Day One and Beyond Once enrolled, daily filing processes look familiar, but responsibilities shift: Account Administrators  become gatekeepers—adding/removing users, managing delegation, and completing confirmations. Filers  continue submitting documents, but now under delegated, secure authority. Executives and IR teams  will notice more traceability and fewer login issues, but only if roles and processes are clarified internally. Governance best practices: Document who your account administrators are. Train staff to stop emailing CCCs. Add EDGAR Next responsibilities into your annual compliance cycle. FAQ: Questions Issuers Are Already Asking Q: What happens if our main account administrator leaves the company? A backup account administrator can step in when needed, which is why two (or more) are required. TMX Newsfile provides five account administrators if the company has opted for TMX Newsfile Leads. Q: How do we securely provide the new CCC to outside counsel or agents? Grant filing authority to your chosen filer by using the delegation feature within EDGAR Next, which ensures secure access without ever needing to share sensitive credentials. Q: What is the Annual Confirmation? Once a year, an account administrator must log in to confirm your CIK details are correct. Missing it means filing access is suspended until completed. Q: Do I still need my filing agent? Yes, but instead of sharing codes, you delegate filing rights through the EDGAR Next dashboard. Final Word: Don’t Miss the EDGAR Next Deadline A surge of last-minute enrollments is inevitable. Between login.gov  verification taking several days and potential SEC backlogs, companies that wait any longer risk missing the September 15th compliance date. Check your credentials today, confirm your AAs, and complete enrollment before the rush. By preparing now, you’ll ensure uninterrupted filing access and a smooth transition into the new system. Ready to Get Started? Download our EDGAR Next enrollment form  and send it to office@newsfilecorp.com . Need help or have questions? We’re available 24/7.

September isn’t just back-to-school season—it’s back-to-business season. To see how companies prepare, we analyzed nearly 2,400 press releases from publicly traded companies on TMX Newsfile this summer (July 1 – August 28). The data reveals clear priorities. Financing & Capital Raises ( 25.5% ) and Product Launches & Updates ( 24.8% ) were the two most common strategies, together making up more than 50% of all announcements. But what really captures the market’s attention? Our viewership data shows that while funding and product news are frequent, investors engage most with high-impact events like strong quarterly results, major strategic partnerships, and leadership changes . In this post, you’ll see 11 examples that highlight both sides of the story—what companies rely on most, and the types of news that resonate most with investors in the fall. 11 Press Release Examples to Build Fall Momentum 1. Announcing a Strategic New Hire Leadership changes send a powerful signal: your company is investing in expertise and ready for the next stage of growth. Example:   Avalon Advanced Materials Appoints Lorin Crenshaw as Chief Financial Officer Why it works:  Announcing a CFO appointment just ahead of fall signals Avalon is preparing for year-end execution and a strong 2026. By spotlighting Crenshaw’s capital markets and critical minerals expertise, the release ties leadership change directly to strategy and shareholder value. 2. Launching a New Product or Service Fall is an ideal time to introduce new offerings, aligning with Q4 planning and customer demand. Example:   Worksport Announces Fall 2025 Launch of Highly Anticipated SOLIS & COR Nano-Grid System Following Completion of Major Engineering Milestones Why it works:  By announcing its fall launch months in advance, Worksport creates a momentum driven growth narrative. The release quantifies the opportunity by tripling its addressable market to over $13 billion and projects 8-figure revenue in 2026, building investor confidence well ahead of rollout. 3. Unveiling a Key Partnership Partnerships demonstrate momentum and collaboration, exactly what stakeholders want to see as companies shift out of summer and into the fall business cycle. Example:   Enterprise Group and Plum Gas Solutions Announce Strategic Partnership Why it works: Published just ahead of September, this release signals Enterprise is entering the fall with new momentum. By highlighting complementary strengths and a two-year agreement, the companies show long-term commitment while setting the tone for growth initiatives that will carry into 2026. 4. Highlighting a Seasonal Initiative Tying announcements to the season adds timeliness and relevance. This is perfect for re-engaging stakeholders. Example:   Valkea Resources Commences Fall Exploration Program at the Paana Project and Appoints Exploration Manager in Finland Why it works:  Released on August 26, this announcement is a textbook fall kickoff. Valkea launches a fully funded exploration program while also appointing a new Exploration Manager, combining action and leadership to signal momentum heading into year-end. 5. Celebrating a Major Milestone Marking achievements such as revenue milestones, record breaking results, or anniversaries reinforces stability and progress. Example:   OSU System Breaks All-Time Enrollment Record for Higher Education in Oklahoma Why it works:  Released on August 19 to coincide with the start of the fall semester, this announcement highlights a record 36,934 students across the OSU System. By tying enrollment growth to fall’s back to school energy, OSU shows momentum, community trust, and long term institutional strength. 6. Securing Funding or Financing Show investors you’re resourced and ready for growth. Example:   Neotech Metals Announces Close of Over Subscribed Private Placement and Receives Funds from Warrant Exercises Why it works:  Released in mid-August, this oversubscribed financing and additional warrant proceeds give Neotech fresh capital heading into the fall. Demonstrating strong investor demand and a clear funding runway signals readiness to execute on exploration plans through year-end and into 2026. 7. Showcasing CSR/ESG Initiatives Fall is an ideal time to highlight year-to-date impact and outline commitments for the year ahead. Example:   Equinox Gold Publishes 2024 Sustainability Report Why it works:  Published in mid-July, this report sets the stage for fall investor communications. By detailing measurable ESG achievements and tying executive incentives to sustainability goals, Equinox Gold demonstrates accountability and positions itself as ready to deliver on 2025 priorities. 8. Entering a New Market Geographic expansion demonstrates ambition and long-term strategy. Example:   Energy Plug Technologies and SEETEL New Energy Amplify Strategic Alliance with Exclusive Canadian Rights and Americas Expansion Why it works:  Announced in early July, this partnership sets the stage for fall momentum by combining exclusive Canadian rights with expansion plans across the Americas. By linking Indigenous economic empowerment with global energy expertise, the companies position themselves for sustained growth into year-end and beyond. 9. Winning a Prestigious Award Third party recognition builds credibility and trust. Example:   Wisr AI Named One of Canada's Top 100 AI Companies by All In Summit, Powered by Scale AI and Mila Why it works:  Announced in July ahead of the September All In Summit, this recognition ties Wisr AI’s innovation to Canada’s premier AI event. Awards timed around fall conferences elevate visibility, build investor confidence, and add extra credibility heading into year end. 10. Promoting a Major Event or Conference Appearance Position yourself as an active, visible participant in your industry. Example:   SATO Technologies announces participation at the H.C. Wainwright 27th Annual Global Investment Conference in New York Why it works:  This is a masterclass in strategic timing. SATO doesn’t just announce they’re attending a conference; they bundle it with their Q2 financial results. Published on August 27 for a September 8 conference, the release gives investors fresh data to discuss and a clear call to action: schedule a meeting to talk about these results. This approach turns a simple event announcement into a powerful tool for driving meaningful engagement. 11. Sharing Year-End Guidance/Outlook Set expectations and build confidence as you approach year-end reporting. Example:   Obsidian Energy Announces Second Half 2025 Capital Program and Guidance Why it works:  Released in July, this outlook frames expectations for the rest of the year while signaling discipline in capital allocation. By sharing production targets, spending plans, and even early 2026 optionality, Obsidian gives stakeholders a clear roadmap—strengthening trust ahead of year-end results. Ready to Build Your Fall Momentum ? Whether it’s a strategic hire, a new partnership, or your Q3 results, the right announcement makes all the difference. Our team of experts helps companies craft and distribute press releases that get noticed and build investor confidence. Contact Our Team Today Call:  416-806-1750 Email:   office@newsfilecorp.com Follow us on:   LinkedIn  | X

AI isn’t just a future trend. It’s already reshaping how press releases are read, shared, and discovered today. The audience for your news is no longer only human. Journalists, analysts, and investors still matter, but now AI systems are scanning, indexing, and summarizing your announcements at scale. Here are a few numbers that show the size of this shift: 78% of companies now use AI in at least one function ( McKinsey, 2025 ) 92% of Fortune 500 companies are using OpenAI's technology ( Financial Times )   The generative AI market is projected to reach $1.3 trillion by 2032  ( Bloomberg Intelligence ) Generative AI traffic to U.S. retail sites surged 1,200% in just seven months ( Adobe, 2025 ) By 2026, 25% of search queries  will shift from search engines to AI “answer engines” ( Gartner ) AI retrieval bot traffic jumped 49% in Q1 2025 compared to Q4 2024 (Washington Post) What does this mean for you? Every press release now speaks to two audiences at once: people and machines. Serving this second audience—the AI systems—is the new frontier of corporate communications. And this is just the beginning. In our next article, we’ll reveal which AI companies (Anthropic, Google, Perplexity, and more) are crawling press releases the most, with charts that show the surge in traffic. Two Ways Your Press Releases Power AI Your news release, distributed through our SEO-optimized network, has a dual lifecycle. It doesn't just inform the public; it actively fuels the intelligence of the world's most advanced AI models. This happens in two critical phases. 1. Training AI with Your Press Releases There are many popular AI models out there like ChatGPT, Gemini, Claude, Llama, Perplexity and Grok. These tools are built on large language models (LLMs) , trained on massive amounts of text to understand and generate human-like language. And how do they learn? By reading. A lot. Trillions of words from across the internet. To do this, they rely on bots that crawl trusted sources on the web — including press release networks — to gather high-quality text. Once trained, though, their knowledge is fixed at that point in time. They don’t automatically update with new information. This means massive libraries of historic press releases have become part of the model’s long-term memory. These crawlers are indexing press releases for search. At TMX Newsfile, we've studied the data and know with certainty that our releases are being crawled for use in AI models. Your earnings release teaches an LLM what financial health looks like. A product launch helps it understand how companies position innovation. An M&A announcement becomes a case study in corporate strategy. So in a real sense, every press release you publish is like another page in AI’s textbook on how the business world works. 2. Keeping AI Current with Your Press Releases (Grounding) Training gives an AI its long-term memory, but it doesn’t keep the model up to date. That’s where grounding  comes in. Grounding means connecting an AI system to real-time, live sources of truth so its answers reflect the latest facts. And one of the most important sources AI looks for? New press releases . Takeaway: Press releases are no longer optional updates — they’re how you control your narrative with both humans and AI. When AI systems search for current, reliable information, your release is often what gets pulled in and used to shape the answer. Grounding capabilities are quickly being implemented in most AI models. OpenAI has browsing built into ChatGPT, Anthropic’s Claude retrieves fresh facts through connected APIs, Google’s Gemini grounds its responses in Google Search and enterprise data, Perplexity is built entirely around grounded search, and Grok taps into real-time data from X (Twitter). Grounding is now the default way AI reduces errors and stays relevant. Because your new press releases are instantly distributed across our 400+ channel partners and structured for discoverability, they’re often one of the first sources AI systems turn to for accurate, up-to-date answers. If someone asks, “What did [Your Company] announce about Q3 earnings?” , the model finds your release, checks the facts, and responds with your official statement. Without your timely press release in circulation, the AI will still try to answer. But, it may rely on incomplete, speculative, or less reliable sources. How to Write for a Dual Audience: Optimizing Your Press Releases for Humans and AI Knowing that AI is a primary audience requires a shift in how we write and structure news. The good news is that best practices for AI and humans largely overlap. AI values clarity, structure, and factual density. These are also the same qualities that a busy journalist or investor also appreciates. This approach is often called Answer Engine Optimization (AEO) . Here’s how to do it better than anyone else. 1. Structure for AI Scannability and Extraction AI models look for predictable patterns to extract key information. Front-Load the 5 Ws:  Your first paragraph should be a self-contained summary answering Who, What, When, Where, and Why. This is prime material for an AI-generated snippet. Concise summary bullets up top: Add 1-3 'what's new / why it matters' bullets before diving into details. Clear, hierarchical headings (for longer releases): While short news updates may not need them, longer earnings or investor releases benefit from bolded headings such as Key Takeaways, Financial Highlights, or FAQs. Use bullets or numbered lists for key data:  Instead of burying metrics in a dense paragraph, break them out for easy scanning. Before (Dense Narrative) After (AI-Friendly)  "The company announced impressive third-quarter results, with revenues reaching $50 million, a 15% increase year-over-year, and a net profit of $5 million, while also growing its user base to over one million active subscribers." Key third-quarter highlights include: Total Revenue:  $50 million (a 15% YoY increase) Net Profit:  $5 million Active Subscribers:  Exceeded 1 million" Include an FAQ section (optional):  Increasingly used in investor updates, a short Q&A makes complex releases easier for both readers and AI. 2. Prioritize Factual Density Over Marketing Hype AI algorithms down-rank vague, promotional language and reward specifics. Instead of relying on adjectives, prove your point with names, dates, and verifiable facts. Here’s how vague marketing language compares to fact-based statements: Takeaway: Name entities consistently:  Products, execs, partners, and locations build credibility. Anchor claims in facts:  Use dates, client counts, or geographies. Cut hype:  Let specifics speak louder than adjectives. 3. Leverage Multimedia and Metadata AI doesn’t just read your text. It pulls signals from images, videos, and code-level markup to understand and surface your news. Descriptive alt text:  Write literal descriptions. Instead of “Graph,” use “Bar chart showing 15% YoY revenue growth for Q3 2025.” Informative captions:  Add context under photos, videos, and infographics so both humans and AI know what they represent. Schema markup:  Wrap releases in NewsArticle schema so search engines and AI can instantly recognize it as an official news announcement. Multimedia assets:  Charts, infographics, and PDFs make facts scannable and reinforce credibility. Press releases are no longer optional updates. They are the way your brand teaches both humans and AI who you are. Ready to put your news in front of the audiences (and algorithms) that matter most? Contact us to learn how.

Legal and compliance press releases may not grab headlines like product launches or marketing campaigns — but they are among the most important announcements a public company issues. These updates are the backbone of transparent disclosure, ensuring you meet regulatory obligations while protecting your credibility in the market. In this post in our “Reasons to Announce”  series, we highlight five critical legal and compliance press release types  every company must get right — with real-world examples you can learn from. 1. Quarterly or Annual Earnings News & Financial Results Quarterly and annual earnings announcements lead the charge in corporate financial news. These press releases cover revenue, expenses, assets, liabilities, and guidance. They provide investors and analysts with the official numbers and context they need to make informed decisions. Examples: Magna Mining Inc. Reports Second Quarter 2025 Financial Results California Nanotechnologies Announces Q3 2025 Results Goldmoney Inc. Reports Fiscal Year 2025 Annual Results and Publishes Annual Letter to Shareholders 2. Material Change Reports & Form 8-K Filings When a material change occurs in Canada, or a Form 8-K is filed in the U.S., companies must issue a press release alongside the filing. These updates ensure all stakeholders have equal access to market-moving information. Material events can include a wide range of corporate actions — such as mergers and acquisitions, major financings, changes in directors or officers, entry into significant contracts, divestitures, or regulatory approvals. In practice, the press release communicates the event in plain language, while the corresponding filing satisfies the regulatory requirement. Examples Benton Closes $1.836 Million in First Tranche of Private Placement Financing QuantGate Systems Inc. Announces Board Changes and Appointment of a New Independent Director 3. Governance & Leadership Changes Changes to your board of directors or executive team must be disclosed. A clear, timely press release reassures stakeholders about continuity and reinforces accountability. Examples: DCS Appoints New CEO and Director to Align with Corporate Strategy Sokoman Minerals Corp. Announces New Leadership Appointments 4. Litigation, Investigations & Settlements While not always positive news, litigation updates are required if they could materially impact your business. Issuing a factual press release shows transparency and helps manage your reputation. Examples: Safe & Green Holdings Announces Final Resolution of Litigation Between SG Blocks and EDI International/PVE Barnwell's Largest Shareholder Demands Investigation Into $3 Million Texas Loss and Urges Action to Recover Millions for Investors 5. Regulatory Approvals & Compliance Milestones Whether it’s an exchange approval, a mining NI 43-101 technical report, or a certification required for your industry, these press releases confirm your company meets regulatory standards. Examples: Synex Renewable Energy Corporation Announces Regulatory Approvals CareRx Initiates Quarterly Divident and Receives Regulatory Approval for Renewal of its Normal Course Issuer Bid Why These Press Releases Matter Legal and compliance announcements aren’t optional. They’re essential for protecting your reputation and meeting disclosure obligations. Done right, they build investor trust, demonstrate transparency, and keep your company in good standing with regulators. Ready to Simplify Your Compliance News? Our team at TMX Newsfile helps public companies distribute filings and press releases through SEDAR+, EDGAR, and trusted newswire channels, ensuring your disclosures reach the right stakeholders with accuracy and speed. 👉 Contact us today  to learn how we can support your compliance communications.

Saturn Oil & Gas, a publicly traded Canadian energy producer, needed a faster and more efficient disclosure workflow to support their continuous news cycle. After encountering delays with a competing newswire, the company turned to TMX Newsfile for a solution that delivered speed, simplicity, and dependable, high-touch service. “TMX Newsfile makes our continuous disclosure process efficient, straightforward, and reliable.” — Cindy Gray, VP Investor Relations, Saturn Oil & Gas This case study is based on insights provided by Cindy Gray, Vice President of Investor Relations at Saturn Oil & Gas. About Saturn Oil & Gas Saturn Oil & Gas is a TSX-listed Canadian energy company committed to responsible development, operational transparency, and consistent communication with shareholders. As an active public issuer, Saturn manages a steady cadence of press releases, regulatory filings, and time-sensitive disclosures — all of which require a streamlined, dependable workflow. The Challenge Before partnering with TMX Newsfile, Saturn relied on a competing newswire platform. While functional, it created unnecessary friction: Loading and preparing a press release often took longer than it should. Approval timing was slowed by the system’s inefficiencies. The platform wasn’t built for fast-moving IR environments where minutes matter. As a TSX-listed issuer, Saturn relies on press release distribution for continuous disclosure to keep the market informed quickly and accurately. The Saturn IR team needed a disclosure partner that could match the pace and precision required for public-company communication. Why TMX Newsfile Was the Right Fit Saturn Oil & Gas selected TMX Newsfile because it delivered across the core areas that matter most to public issuers: speed, ease of use, strong service support, and a simplified partnership model. Service Excellence A defining part of Saturn’s experience has been the quality of support provided by the TMX Newsfile team. Cindy Gray highlighted the impact of this hands-on approach: “Everything is going very well and Newsfile delivers great service.” — Cindy Gray, VP Investor Relations, Saturn Oil & Gas Cindy’s experience reflects the broader service standard TMX Newsfile provides — fast responses, knowledgeable support, and service aligned with capital markets requirements. Speed & Efficiency One of Saturn’s biggest challenges was how long it took to load and prepare releases on their previous platform. With TMX Newsfile, the difference was immediate. Releases now load quickly, supporting tighter internal approval timelines and helping the IR team stay fully aligned with continuous disclosure obligations. Ease of Use The intuitive design of the Newsfile portal removed friction from the workflow. Saturn’s team found the platform simple, logical, and fast — making their entire release process more predictable and easier to manage. A Unified, Simplified Partnership Another major benefit for Saturn was the ability to consolidate all distribution and disclosure services under one clear, easy-to-understand contract. This clarity reduces administrative complexity and gives the IR team confidence in both budget planning and workflow consistency. Results Since adopting TMX Newsfile, Saturn Oil & Gas has experienced measurable improvements: Noticeably faster press release preparation A smoother, more reliable continuous disclosure workflow Dependable, high-touch service during time-sensitive announcements Simplified contracting and year-round support Stronger confidence in accuracy, timing, and compliance Saturn’s results reflect a consistent experience across the TMX Newsfile platform—faster workflows, high-touch support, and a more efficient continuous disclosure process. A Standout Success One of the most impactful outcomes was Newsfile’s ability to package all services into a single, streamlined contract. For a public issuer with recurring disclosure cycles, this predictability and clarity are invaluable. Final Perspective Cindy shared a guiding principle that mirrors the mindset behind TMX Newsfile’s service approach: “Never stop giving 110% in everything you do, and it's not the mistakes we make in life that people remember — it's how you deal with them.” — Cindy Gray, VP Investor Relations, Saturn Oil & Gas At TMX Newsfile, this commitment shows up in responsive, knowledgeable support and a platform built to help issuers communicate confidently with the market. One Word to Describe TMX Newsfile “Excellent.” A single word Cindy Gray uses to sum up the speed, reliability, and service quality Saturn depends on for timely, compliant disclosure. TMX Newsfile supports issuers with fast, compliant press release distribution and efficient SEDAR+ and EDGAR filings. If your team is exploring ways to streamline continuous disclosure, we’re here to help.

The year-end sprint is on. For your Investor Relations team, the time between now and the end of Q1 2026 will be packed with financial reporting, proxy statements, and regulatory filings. But there’s also a shift happening . Alongside the usual deadlines, the SEC has launched a new Cyber and Emerging Technologies Unit , scheduled public discussions on AI-related disclosure impacts , and paused or revisited portions of its climate and ESG rulemaking . In Canada, the CSA has paused work on its proposed climate and diversity disclosure rules while reminding issuers that material climate risks must still be disclosed under existing securities law. Navigating this isn’t just about meeting deadlines. It’s about protecting your market credibility, clarity, and investor trust. We built this guide to be your single source of truth for the season. It’s not just a list of dates — it’s a strategic checklist designed to help your team stay aligned, informed, and ready for 2026. Short on time?    Download the complete 2-page PDF checklist   to print and share with your team. 1. Immediate Action Required: The Final EDGAR Next Cutoff (Dec 19) Before looking at 2026 dates, there is one immediate hurdle for U.S. Filers . The initial EDGAR Next deadline passed on September 15, 2025. If you have not yet enrolled, your ability to file is currently blocked . The Window:  You can still enroll via the dashboard until Friday, December 19, 2025 . The Risk:  If you miss this December 19 cutoff, you can no longer self-enroll. You will be forced to submit an Amended Form ID , which requires manual SEC review and additional documentation. Action Item:  Do not risk entering the 10-K season with a blocked account. If you are unsure of your status, contact the TMX Newsfile filing desk. 2. Your 2026 Key Filing Deadlines (U.S. & Canada) First, let's lock in the dates. Missing these is not an option. The following table assumes a December 31, 2025, fiscal year-end. U.S. SEC EDGAR Deadlines Filing Filer Status Deadline (Days after FYE) 2026 Due Date Form 10-K Large Accelerated Filer 60 days Monday, March 2, 2026 Form 10-K Accelerated Filer 75 days Monday, March 16, 2026 Form 10-K Non-Accelerated Filer 90 days Tuesday, March 31, 2026 Form 13F (Q4) Institutional Managers 45 days after quarter-end Tuesday, February 17, 2026 Proxy (DEF 14A) All Filers 120 days after FYE Thursday, April 30, 2026 Pro Tip:  Your Form 10-K and your Annual Report to Shareholders are separate. Ensure your TMX Newsfile distribution, your 10-K filing, and your website update are perfectly coordinated. Canadian CSA SEDAR+ Deadlines Filing Issuer Type Deadline (Days after FYE) 2026 Due Date Annual Fin. Statements TSX Issuers 90 days Tuesday, March 31, 2026 Annual Fin. Statements TSX Venture Issuers 120 days Thursday, April 30, 2026 AIF, MD&A All (non-Venture) 90 days Tuesday, March 31, 2026 AIF, MD&A TSX Venture Issuers 120 days Thursday, April 30, 2026 SEDAR+ Check-in:  The March 2025 updates to SEDAR+ refined prospectus filing and fee calculations. Ensure your profile's "Type of investment fund" and "Category of investment fund" are correct to avoid fee miscalculations. 3. Four Disclosure Hotspots to Review No w (U.S. & Canada) Deadlines are just one part of the challenge. The content  of your disclosures is under more scrutiny than ever. Here are the three topics that must be on your radar for your 2025 10-K and 2026 proxy. Cybersecurity: The 4-Day Rule is in Effect The SEC's new cybersecurity rules are no longer hypothetical. What's New:  You now have four business days  to disclose a "material" cybersecurity incident via Form 8-K. Your Year-End Action:  This isn't just an IR task; it's an enterprise-wide one. Your 10-K must now include a detailed description of your "processes for assessing, identifying, and managing material risks from cybersecurity threats." Key Question:  Does your IR team have a direct, 24/7 line to your CISO and legal counsel? You must be able to close the loop from detection  to determination of materiality  to filing  within that 4-day window. Artificial Intelligence: The Rise of "AI Washing" There is no "Form AI," but SEC scrutiny is extremely high. SEC Chair Gensler has been clear: if you are making claims about AI, they must be accurate. What's New:  Investors and regulators are actively hunting for "AI washing"—making misleading claims about your AI capabilities to boost your stock price. Your Year-End Action:  Review your 10-K Risk Factors and MD&A. Are you using AI?  Disclose how it impacts your business, financial performance, and potential risks (e.g., data privacy, "hallucinations," model integrity). Are you not  using AI?  You may need to disclose if not  adopting AI poses a material competitive risk. Key Question:  Are your marketing claims about AI supported by the same evidence as your financial statements? ESG & Climate: Prepare for Data-Driven Disclosures With the CSA pausing new climate-related rules, the core requirement remains the same: if climate risks are material, they must still be disclosed in your AIF, MD&A, 10-K, or proxy — just like any other business risk. What’s New: Canada now has voluntary CSDS 1 and CSDS 2 standards , aligned with ISSB S1 and S2. They aren’t mandatory, but they’re quickly becoming a go-to reference for credible climate and sustainability reporting, and the CSA has encouraged issuers to use them when preparing voluntary disclosures. Your Year-End Action: Treat climate and ESG as part of your financial risk narrative, not a separate sustainability story. Make sure any ESG or sustainability reporting aligns with what appears in your regulatory filings. Key Question: Can your team clearly show how climate-related risks or opportunities may affect performance or long-term strategy? Reviewing Your Risk Factors & Safe Harbor Language This is the perfect time to ensure your "Forward-Looking Statements" (Safe Harbor) language isn't on autopilot. Your boilerplate from last year may not adequately cover the new, less predictable risks you're facing. Your Year-End Action:  Review your risk factors and safe harbor disclaimer with legal counsel. Ask: Does our language specifically account for the uncertainties of new technologies like AI, the unpredictable nature of cybersecurity threats, or the evolving landscape of climate-related events? Updating this language is a critical, high-level exercise to protect your leadership. 4. Your Downloadable PDF: The Ultimate Checklist This is a lot to manage. To help you and your team stay aligned, we've distilled all these deadlines, new rules, and best practices into a single, two-page PDF. Use this checklist to: Align  your IR, Legal, Finance, and IT teams. Verify  every step in your filing process. Ensure  no new disclosure requirement is missed. CLICK HERE TO DOWNLOAD YOUR FREE 2025 YEAR-END COMPLIANCE CHECKLIST PDF 5. Beyond the Filing: How TMX Newsfile Is Your Partner A flawless year-end is about more than just hitting "submit" on EDGAR and SEDAR+. It's about ensuring your message reaches the market with confidence and clarity. This is where we help. 24/7/365 Expert Support:  Our filing desk has successfully managed over 200,000 regulatory filings. When you're working late on a Friday before a deadline, so are we. We are your fail-safe. Seamless SEDAR+ & EDGAR Integration:  We are not just experts in one system. We are a single, seamless partner for all your North American regulatory and distribution needs. Amplify Your Message:  Don't just file  your 10-K. Use TMX Newsfile's unparalleled global distribution to amplify  your year-end narrative, ensuring your story reaches key analysts, investors, and financial media at the exact moment it becomes public. The 2026 reporting season will be the most complex yet. But with the right plan and the right partner, you can navigate it with confidence. Ready for a smoother filing season?   Talk to a TMX Newsfile expert today and see how we can streamline your year-end process.

In 2025, more than 39,000 press releases distributed through Newsfile offer a clear lens into how public companies are communicating with the market. At this scale, individual announcements fade into the background, and what emerges instead are patterns . The language companies choose reveals how industries are evolving, where credibility is being built, and what investors are being asked to trust. Last year, this analysis focused on identifying the most common keywords by industry. This year, the data points to something deeper. An analysis of keyword frequency across more than 39,000 press releases reveals not only what companies are saying, but how they communicate growth, risk, and value in a changing market. This is the story that language tells about 2025. What Changed in 2025 An Executive Snapshot The shift from 2024 to 2025 was unmistakable. Across sectors, companies moved away from speculative language and toward communication focused on what is already built, operating, and producing results. In Energy and Resources, exploration remained important, but drilling activity and results rose sharply, signaling a stronger emphasis on proving value. In Technology, the language shifted away from innovation led narratives and toward platforms, systems, and security. In Consumer Goods and Retail, brands increasingly spoke like technology businesses, emphasizing services, platforms, and digital reach rather than traditional retail language. In Healthcare and Pharmaceuticals, disclosures centered on clinical activity, patient related outcomes, and measured development milestones, reflecting an emphasis on progress that can be tracked and verified. For issuers and investor relations teams, these shifts matter. The language used in press releases increasingly influences how prepared a company appears and how much confidence investors place in its ability to deliver. Energy and Resources A Shift Toward Execution Disclosure shifted from potential to proof, with results and drilling activity taking center stage. The Energy and Resources sector remained the largest contributor to press release volume in 2025, but the tone of disclosure shifted meaningfully. Evidence Over Potential Gold dominated Energy and Resources disclosures, appearing more than 25,000 times and far exceeding any other keyword in the dataset. Projects were next at the forefront with more than 18,000 mentions. Exploration continued to appear frequently with more than 14,000 mentions, followed closely by drilling at over 11,000 mentions. Results appeared at a comparable scale. Execution now matters as much as discovery. This shift aligns with investor emphasis on tangible progress and verifiable outcomes. Land positions alone are no longer sufficient. Markets are rewarding evidence. Capital activity alongside operations Capital formation language such as offering, placement, proceeds, and financing appeared frequently in Energy and Resources disclosures throughout 2025. When viewed alongside the prevalence of drilling, results, and completed work programs, issuers are increasingly communicating capital activity in parallel with operational progress rather than in isolation. Technology and Innovation A Shift in Disclosure Focus Technology companies are communicating value through what is already built, deployed, and operating. Technology disclosures in 2025 reflected a clear change in emphasis, with language increasingly centered on how technology is deployed, secured, and integrated rather than on future promise alone. The most frequently cited terms were technology , solutions , and platform , all of which significantly outpaced more abstract language such as innovation. Operational Language Takes Priority Words associated with delivery and reliability featured prominently throughout the dataset. Security , services , systems , and infrastructure  ranked among the most common terms, demonstrating a focus on stability, trust, and operational performance. Artificial intelligence did not emerge as a dominant standalone keyword. Instead, it appeared implicitly within broader discussions of platforms, data, security, and system architecture. This suggests that AI is increasingly treated as an embedded capability rather than a headline feature. Value Communicated Through Current Capabilities Overall, the disclosure language reflects a sector focused on technology that is already deployed, integrated, and operating in market. Technology companies are communicating value through execution, system integration, and performance, with less emphasis on long term vision and more attention on what is currently in use. This signals a maturing technology landscape in which credibility is built through demonstrated utility rather than aspirational messaging. Consumer Goods and Retail How Consumer Brands are Communicating Business Models Consumer brands are framing themselves as integrated digital businesses, not just product sellers. One of the most revealing shifts in the 2025 data emerged from the Consumer Goods and Retail sector. The most frequently used terms were not product focused. Instead, language centered on business , support , and activity occurring across  platforms, channels, and markets. This was reinforced by the prominence of services, solutions, digital, platform, data, and users, all of which ranked ahead of traditional retail terminology. Notably absent from the top tier were words tied to physical retail or product attributes. From Products to Integrated Businesses Taken together, the data suggests that consumer companies are increasingly communicating as integrated business operators rather than standalone product manufacturers. Press releases emphasize how offerings function within broader ecosystems, how customers are supported over time, and how value is delivered across digital and physical touchpoints. In practice, many consumer brands now operate as integrated businesses where technology and service delivery play a central role alongside physical products. Their disclosure language reflects that shift. Healthcare and Pharmaceuticals Clinical Progress as the Core Narrative Healthcare disclosures emphasized measurable clinical progress over broad ambition. Healthcare and Pharmaceuticals disclosures in 2025 focused on concrete clinical milestones and patient related outcomes, with companies communicating progress through trial activity, study updates, and regulatory steps. Terms such as clinical , patients , trial , and results  appeared consistently throughout the dataset, highlighting an emphasis on measurable progress in drug and therapy development. Data Driven Updates Over Broad Claims References to clinical results , studies , research , and development  featured prominently, reflecting a sector that communicates advancement through data and defined milestones rather than broad ambition. Rather than relying on promotional language, issuers framed updates around trial phases, regulatory processes, and observable outcomes, reinforcing the importance of transparency and validation. Capital Supporting Clinical Advancement Alongside scientific and patient focused language, capital related terms also appeared frequently. References to funding amounts, including disclosures expressed in millions , were common throughout Healthcare and Pharmaceuticals press releases. This reflects the capital intensive nature of the sector, where financing activity is closely tied to advancing trials, supporting research programs, and moving therapies through regulatory pathways. A Sector Defined by Measurable Progress Overall, Healthcare and Pharmaceuticals disclosures in 2025 reflect an industry focused on advancing therapies through defined clinical pathways, supported by the capital required to sustain development. Communication centered on patient outcomes, clinical validation, and transparent funding needs, reinforcing the importance of measurable progress in building investor confidence and long term credibility. Sector Snapshots Niche but Telling Signals Smaller sectors reveal how disclosure language shifts once industries mature or globalize. Arts, Media, and Entertainment Words like global and digital appear frequently in this category, pointing to an industry that is no longer thinking in regional terms. Many media companies are now launching with international audiences in mind from the start, using digital platforms to reach viewers and users well beyond their home markets. Travel and Transportation Operational language is still a core part of travel and transportation disclosures, but it is no longer the whole story. Press releases increasingly highlight service quality and customer experience alongside logistics, suggesting that companies are competing not just on where they can take customers, but on how the journey feels along the way. Industrial, Manufacturing, and Agriculture In 2025, press releases from the Industrial, Manufacturing, and Agriculture sector took a measured, no-nonsense tone. Language around statements, securities, and forward-looking information appeared often, reflecting careful attention to compliance, while references to equipment, production, systems, and products pointed to companies focused on what is already operating or being delivered rather than long-range projections. How Companies Are Communicating in 2025 Across industries, credibility is increasingly signaled through execution, governance discipline, and operational clarity. Press releases in 2025 show a clear move toward practical, evidence-driven communication. Mining companies are emphasizing results and operational progress. Technology firms are focusing on systems, platforms, and tools already in use. Consumer brands are increasingly framing their stories around digital platforms and connected services. Across sectors, companies gaining attention are not leaning on bold claims or sweeping narratives . Instead, they are using disclosure language to demonstrate execution, governance discipline, and how their businesses are actually operating today. For issuers and investor relations teams, these patterns matter . The words used in disclosure increasingly shape how credibility is judged and how execution risk is understood . As a distribution partner, Newsfile works closely with issuers to help ensure their disclosures are clear, compliant, and reach the audiences that need to see them.