Republic Tech Gets Cease Trade Order as CFO Exits

Stevenson Ty stepped down as CFO on June 29. The board appointed CEO Daniel Liu as interim CFO while the company searches for a permanent replacement. Liu now holds both top executive positions. That concentration of authority adds governance risk, especially when a company is behind on financial reporting. Republic did not name the audit firm involved in the delayed filings.

The company describes itself as a blockchain infrastructure provider focused on integrating Ethereum into the global economy. It holds an ETH-denominated treasury, a feature that complicates audit work. Valuing crypto holdings, verifying custody, and confirming off-chain transactions add time and cost. Those factors may have contributed to the delay, though Republic has not given a specific reason beyond the missing filings.

The FFCTO was issued under National Policy 11-207, which coordinates cease trade orders across multiple Canadian jurisdictions. The order will remain in effect until Republic satisfies all continuous disclosure requirements and receives a formal revocation. The company said it will issue updates as appropriate.

July 31 is the next deadline to watch. If Republic meets it and the BCSC revokes the order within a reasonable window, the stock could resume trading. If the company misses that date again, the freeze stays in place. The combination of a failed filing, a departed CFO, and a crypto treasury under audit scrutiny means the path back to normal trading is uncertain.