On August 27, 2025, the Listing and Surveillance Committee of Nasdaq Tallinn decided to issue a warning to Tuul Mobility OÜ. The warning is for violation of First North Rules (FNR) clauses 1.1., 3.2., 3.6., 26.2.1., 26.2.2. and 27.1.
Background:
According to FNR clauses 1.1, 3.2. and 3.6. issuer admitted to trading on First North market is subject to FNR and to requirements of other legal acts, including the legal acts that regulate the public offers and disclosure of information. The Issuer shall comply with the requirements, incl. information disclosure requirements as specified in FNR.
According to FNR clauses 26.2.1. and 26.2.2. the annual report shall be prepared, and the Issuer shall submit the annual report audited by an auditor in accordance with applicable laws or other regulation of the Issuer’s home state. The Issuer shall submit a statement of an auditor together with the annual report.
According to FNR clause 27.1. the Issuer shall disclose information regarding changes in the composition of its management board or supervisory council, change of its auditor or Certified Adviser, and in respect of entering or terminating agreements with a market maker.
Circumstances:
Tuul Mobility OÜ has not fulfilled its obligation to timely submit an audited annual financial report along with the auditor's opinion and disclose information regarding changes in the composition of its management board or supervisory council.
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