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SUBSEQUENT EVENTS
3 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

13. SUBSEQUENT EVENTS

 

The Company’s management has evaluated subsequent events during the period from July 1 to August 14, 2024, the date the condensed consolidated interim financial statements were issued, pursuant to the requirements of ASC 855, and has determined the following material subsequent events:

 

  During July 2024, the Company issued 250,736 common shares previously recorded as shares to be issued, relating to Series C convertible note conversions during the three month period ending June 30, 2024.
  During July and August 2024, the Company issued 719,512 common shares to Series B preferred shareholders for an additional request to convert 25 Series B preferred shares.
 

On August 1, 2024, the Company received a notice from Nasdaq Capital Markets stating that Nasdaq determined it would delist the Company’s shares of common stock effective August 5, 2024, pursuant to Nasdaq Listing Rule 5550(b)(2), because the Company no longer complied with the minimum $35 million market value of listed securities. The Company’s shares of common stock have subsequently traded on the OTCQB exchange under the symbol “BTCY.”