Company: DSNY
Filing Date: 2025-11-24
Form Type: 10-K
Source: 0001062993-25-016994
Chunk: 107

Company: DESTINY MEDIA TECHNOLOGIES INC
Filing Date: 2025-11-24
Form: 10-K
Item: Item 3
Chunk 107
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ITEM 1B. UNRESOLVED STAFF COMMENTS.

None.

ITEM 2. PROPERTIES.

The Company has secured a one-year renewable annual lease for office space in downtown Vancouver, British Columbia, scheduled to expire on April 30, 2026. 

ITEM 3. LEGAL PROCEEDINGS.

From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business. Except as described below, we are not aware of any such legal proceedings or claims against us.

On September 5, 2017, the Company's former President and Chief Executive Officer filed a Notice of Civil Claim in the Supreme Court of British Columbia against the Company, its subsidiaries, independent directors, and current Chief Executive Officer, claiming damages for conspiracy, breach of contract, wrongful dismissal, defamation and aggravated and punitive damages. The claims were heard in B.C. Supreme Court in December 2024. On October 24, 2025, the Supreme Court of British Columbia issued judgment dismissing all claims against the Company, its directors, and officers, and awarding the Company its costs.

ITEM 4. MINE SAFETY DISCLOSURES.

Not Applicable.

                10

PART II

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

Market Information

Our shares are currently trading on the OTCQB under the stock symbol DSNY. The average high and the low trading prices for our shares for each quarter of the last two fiscal years were:

                        QUARTER

                        HIGH ($) 

                        LOW ($) 

                        1st Quarter 2024

                        $1.03

                        $0.79

                        2nd Quarter 2024

                        $1.08

                        $0.90

                        3rd Quarter 2024

                        $1.11

                        $0.90

                        4th Quarter 2024

                        $1.02

                        $0.67

                        1st Quarter 2025

                        $0.80

                        $0.60

                        2nd Quarter 2025

                        $0.76

                        $0.45

                        3rd Quarter 2025