Apr. 23 at 2:57 AM
$IVF Thought I read somewhere about having to file a follow on extension. Guess not. They are living loud and proud as delinquents.
A company cannot file a second Form 12b-25 for the same 10-K, as only one extension is permitted. If the initial 15-day extension period is missed, the company is considered delinquent as of the original due date, marking them as an untimely filer for 12 months, which impacts Form S-3 eligibility.
Key Implications of Missing the Extended Deadline:
Delinquency:
The filing is considered delinquent from the original, not the extended, due date.
S-3 Eligibility:
The company loses eligibility to use Form S-3 registration statements until the report is filed.
No Second Extension:
The SEC does not allow a second 12b-25 filing for the same report.
Action Required:
The company should still file the 10-K as soon as possible, despite missing the extension, and disclose the reasons for the continued delay, often prompting
