Formation Minerals Inc ( (FOMI) ) has released a notification of late filing.
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Formation Minerals Inc. has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending January 31, 2025. The primary reason for the delay is the additional time required to prepare and review financial statements to ensure adequate disclosure, which could not be avoided without unreasonable effort and expense. The company expects to file the report within the 5-day extension period allowed by regulations. Due to a recent merger with Verde Bio Holdings, Inc., Formation Minerals anticipates significant changes in its financial results, although the exact impact is not yet quantified. The company is committed to ongoing compliance efforts, as indicated by the notification signed by Scott A. Cox, the President, CEO, and CFO.
More about Formation Minerals Inc
YTD Price Performance: 33.33%
Average Trading Volume: 17,937
Technical Sentiment Consensus Rating: Buy
Learn more about FOMI stock on TipRanks’ Stock Analysis page.