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-K (Yearly Report) for the financial period ending April 30, 2025. The primary reason for this delay is the additional time needed to prepare and review financial statements following a significant merger with Verde Bio Holdings, Inc. This merger has resulted in complex accounting adjustments, including a reverse acquisition accounting treatment. The company expects to file the delayed report within a 15-day extension period. Due to the merger and associated transaction expenses, Formation Minerals anticipates significant changes in its financial results compared to the previous fiscal year, although specific figures are not yet available. The company is actively working to ensure compliance, with the notification signed by Scott A. Cox, the President, CEO, and CFO.
The most recent analyst rating on (FOMI) stock is a Buy with a $2.00 price target. To see the full list of analyst forecasts on Formation Minerals Inc stock, see the FOMI Stock Forecast page.
More about Formation Minerals Inc
Average Trading Volume: 16,631
Technical Sentiment Signal: Sell
For a thorough assessment of FOMI stock, go to TipRanks’ Stock Analysis page.