Arvana ( (AVNI) ) has released a notification of late filing.
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Arvana, Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The delay is primarily due to potential errors discovered in the company’s accounting records, which may have led to material misstatements in previously issued financial statements. These errors were identified during the audit of the financial statements for the year ended December 31, 2024. The company anticipates filing the delayed report within five calendar days following the original due date. Arvana’s management is currently assessing the impact of these potential errors, which could lead to significant changes in the financial results for the period. The company estimates an adjustment of less than $80,000 to the net loss previously reported for the affected periods. Arvana is committed to resolving these issues and maintaining compliance, as indicated by the signature of CEO James Kim on the notification.
More about Arvana
Average Trading Volume: 1,390
Technical Sentiment Signal: Strong Buy
Current Market Cap: $48.53M
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