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Digiliti gives notice for late quarterly filing

Digiliti Money Group Inc. informed the SEC that it would not be able to file its second-quarter regulatory financial statement on time without unreasonable effort or expense.

The company gave as a reason for the delay the internal investigation of information indicating that it might need to restate previously reported financial results. The company disclosed in an announcement the same day that it was exploring restructuring and bankruptcy due to uncertainty regarding financing for operating cash.

Digiliti's shares declined 43% on the day to 23 cents.