Follow restatements, auditor and finance-chief changes, SEC comment
letters, and other disclosure changes. Each entry links to its source
filing and explains how it was detected.
Available window: 20 filing dates with recorded
events, 2026-10-15 through 2026-11-12.
The record below shows its latest 150 entries.
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Form
An amendment is grouped with the report it
amends; every 12b-25 notice is one group
Company size
Public float from the 10-K cover — the SEC’s own size test
Routine late filings
409 notices filed on or within three days
of the statutory due date — the filing calendar, not distress
Material weaknesshigh
Filing comparison
SOLESENCE, INC. reported a material weakness in internal control
Internal control reported effective→Material weakness in internal control
Based on that reevaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective at the reasonable assurance level as of June 30, 2026 because of the material weakness in internal control over financial reporting described below. A material weakness exists when one or more deficiencies in internal control over financial reporting create a reasonable possibility that a material misstatement of annual or interim financial statements will not…
Evidence
Current state
material_weakness
Current state label
Material weakness in internal control
Direction
newly reported
Prior filed
2026-11-10
Prior form
10-Q/A
Prior state
effective
Prior state label
Internal control reported effective
Remediation stated
No
Severity
high
Source
Item 9A internal control conclusion, compared with the prior filing
Why
The company's conclusion on internal control over financial reporting changed: a material weakness was newly reported, or a previously reported one no longer appears.
Substantial doubt about ability to continue as a going concern→Substantial doubt raised, alleviated by management's plans
Lazar and the independent members of the Board. Mr. Lazar represented that he has, and will have, through November 30, 2027, the funding and liquidity necessary to provide the committed amount (Notes 10 and 15). 6 Based on the Company’s cash on hand and the Funding Commitment, management has concluded that its plans alleviate the substantial doubt about the Company’s ability to continue as a going concern, and that the Company will have sufficient resources to meet…
Evidence
Blank check
No
Comparable
Yes
Current state
doubt_alleviated
Current state label
Substantial doubt raised, alleviated by management's plans
Direction
eased
Located in
going-concern note
Prior filed
2026-08-14
Prior form
10-Q
Prior state
substantial_doubt
Prior state label
Substantial doubt about ability to continue as a going concern
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
Substantial doubt about ability to continue as a going concern→No substantial-doubt conclusion identified
Going Concern Considering our recurring losses, accumulated deficit, and negative cash flows, the report of our independent registered public accounting firm on our consolidated financial statements for the year ended December 31, 2025, included an explanatory paragraph raising substantial doubt about our ability to continue as a going concern. We have incurred operating losses and negative cash flow from operations since inception. To date, we have not generated significant revenues from our operations. We incurred a net loss of $7.3 million and used $6.4 million cash resources in operating…
Evidence
Blank check
No
Comparable
Yes
Current state
none
Current state label
No substantial-doubt conclusion identified
Direction
eased
Located in
going-concern note
Prior filed
2026-08-13
Prior form
10-Q
Prior state
substantial_doubt
Prior state label
Substantial doubt about ability to continue as a going concern
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
NorthStar Earth & Space Enterprises, Inc. said management's plans alleviate substantial doubt about its ability to continue as a going concern in its first report following a change of registrant
The prior filing was made by a different business under the same CIK, so this is a new disclosure rather than a change.
The consummation of the Business Combination eliminated the requirement for the Company to liquidate pursuant to its prior organizational documents. Management has evaluated the impact of the Business Combination on the Company's liquidity and ability to meet its obligations and determined that the conditions that previously raised substantial doubt have been alleviated.
Evidence
Blank check
No
Caveat
The prior filing was made by a different business under the same CIK, so this is a new disclosure rather than a change.
Comparable
No
Current state
doubt_alleviated
Current state label
Substantial doubt raised, alleviated by management's plans
Direction
not comparable
Located in
filing body
Prior filed
2026-08-12
Prior form
10-Q
Registrant changed from
Viking Acquisition Corp I
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
… onal financing in a timely manner on acceptable terms, if at all. As the ability to secure additional financing is outside of management’s control, the Company cannot conclude that management’s plans will be effectively implemented within twelve months from the date the condensed consolidated financial statements are issued. Accordingly, the Company has concluded that these plans do not alleviate substantial doubt about the Company's ability to continue as a going concern. The condensed consolidated financial statements do not reflect any adjustments that might result from the outcome of…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
filing body
Prior filed
2026-08-12
Prior form
10-Q
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
… pursue our business strategy. Although historically we have been successful at raising capital, additional capital may not be available on terms favorable to Kiora, if at all. We do not know if any future offerings will succeed. Our failure to raise capital as and when needed would have a negative impact on our financial condition and our ability to pursue our business strategy. These conditions raise substantial doubt about our ability to continue as a going concern. We will need to generate significant revenue to achieve profitability, and we may never do so. Recent Developments…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
filing body
Prior filed
2026-08-07
Prior form
10-Q
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
If the Company is unable to obtain funding, it could be forced to delay, reduce, or eliminate some or all of its research and development programs, including its clinical trials, pipeline expansion, or commercialization efforts, which could adversely affect its business prospects. Accordingly, management’s plans do not alleviate substantial doubt about the Company’s ability to continue as a going concern. The accompanying condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
going-concern note
Prior filed
2026-08-05
Prior form
10-Q
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
… entered into an amendment to the October 2025 Note that extends its maturity date to December 13, 2027 and, before that date, bars 3i, LP from requiring redemption, collecting any amount or exercising any remedy on account of the Event of Default described above (see Note 19). These conditions, together with the Company’s accumulated deficit and near-term debt maturities, initially indicated that substantial doubt existed about the Company’s ability to meet its obligations and to continue as a going concern within one year after the date these condensed consolidated financial statements are…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
filing body
Prior filed
2026-08-12
Prior form
10-Q/A
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
… eting additional equity or debt offerings or licensing our product candidates within the next twelve months. There can be no assurance that the Company will be successful in acquiring additional funding, that the Company’s projections of its future working capital needs will prove accurate, or that any additional funding would be sufficient to continue operations in future years. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the condensed consolidated financial statements are issued. The accompanying…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
filing body
Prior filed
2026-08-20
Prior form
10-Q/A
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
… on our current operating plan, our existing cash, cash equivalents and marketable securities of $431.3 million as of September 30, 2026, will not be sufficient to meet our operating and capital requirements for at least 12 months from the date of issuance of the unaudited condensed consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q and there is substantial doubt about our ability to continue as a going concern. Our unaudited condensed consolidated financial statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q do not…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
going-concern note
Prior filed
2026-08-13
Prior form
10-Q
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
(2) Upon adoption of ASU 2023-09, foreign withholding taxes are included by jurisdiction within the Foreign tax effects category, whereas the associated foreign tax credits are included in the Tax credits category.
Evidence
Adopted
2023-09
Contexts
(2) Upon adoption of ASU 2023-09, foreign withholding taxes are included by jurisdiction within the Foreign tax effects category, whereas the associated foreign tax credits are included in the Tax credits category.
An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.
The Company adopted ASU 2025-09 during the quarter ended September 30, 2026 and the adoption did not have a material impact on the Company’s financial position, results of operations, or related disclosures.
Evidence
Adopted
2025-09
Adoption year stated
2026
Contexts
The Company adopted ASU 2025-09 during the quarter ended September 30, 2026 and the adoption did not have a material impact on the Company’s financial position, results of operations, or related disclosures.
An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.
Revenue is recognized when the underlying sales occur and the related performance obligation has been satisfied.
Evidence
New language
Revenue is recognized when the underlying sales occur and the related performance obligation has been satisfied., Service revenue, net The Company markets and offers liver and intestinal toxicology and disease (or efficacy, used interchangeably) predictive screening research services using new approach methodologies (“NAM”) to pharmaceutical and biotech companies at all stages of drug development.
Prior filed
2026-08-12
Prior form
10-Q
Similarity
0.55
Source
revenue recognition note comparison
Threshold
0.6
Why
The revenue recognition policy disclosure changed materially from the previous comparable filing.
Language present now, absent from the prior filing:
Revenue is recognized when the underlying sales occur and the related performance obligation has been satisfied.
Service revenue, net The Company markets and offers liver and intestinal toxicology and disease (or efficacy, used interchangeably) predictive screening research services using new approach methodologies (“NAM”) to pharmaceutical and biotech companies at all stages of drug development.
Control is transferred, and the performance obligation is satisfied, when the customer’s advertisement accounts are successfully charged and the platform access is secured.
Evidence
New language
Control is transferred, and the performance obligation is satisfied, when the customer’s advertisement accounts are successfully charged and the platform access is secured., These activities are considered one single performance obligation.
Prior filed
2025-10-15
Prior form
10-K
Similarity
0.219
Source
revenue recognition note comparison
Threshold
0.6
Why
The revenue recognition policy disclosure changed materially from the previous comparable filing.
Language present now, absent from the prior filing:
Control is transferred, and the performance obligation is satisfied, when the customer’s advertisement accounts are successfully charged and the platform access is secured.
These activities are considered one single performance obligation.
The registrant is unable to file, without unreasonable effort and expense, its Quarterly Report on Form 10-Q for the quarter ended September 27, 2026 because of a delay in compiling and processing certain information for inclusion in such Quarterly Report on Form 10-Q. The registrant expects to file such Quarterly Report on Form 10-Q on or before the 5th calendar day following the report’s prescribed due date.
Evidence
Days past due date
1
Other periodic reports filed
Yes
Routine
Yes
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
The registrant is unable to file, without unreasonable effort and expense, its Quarterly Report on Form 10-Q for the quarter ended September 27, 2026 because of a delay in compiling and processing certain information for inclusion in such Quarterly Report on Form 10-Q. The registrant expects to file such Quarterly Report on Form 10-Q on or before the 5th calendar day following the report’s prescribed due date.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
The Company’s auditors are in the process of reviewing the financial information of the Company. Due to unforeseeable circumstances financial information to be contained in the Company’s Form 10-Q for the quarter ended September 20, 2026, cannot be completed on a timely basis, without incurring undue hardship and expense due to unforeseeable circumstance. The Company undertakes the responsibility to file such report no later than five (5) days after its original date.
Evidence
Days past due date
-2
Routine
Yes
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
The Company’s auditors are in the process of reviewing the financial information of the Company. Due to unforeseeable circumstances financial information to be contained in the Company’s Form 10-Q for the quarter ended September 20, 2026, cannot be completed on a timely basis, without incurring undue hardship and expense due to unforeseeable circumstance. The Company undertakes the responsibility to file such report no later than five (5) days after its original date.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
The Company auditors are in the process of reviewing the financial information of the Company. Due to unforeseeable circumstances financial information to be contained in registrants Form 10-Q for the quarter ended September 30, 2026, cannot be completed on a timely basis, without incurring undue hardship and expense due to unforeseeable circumstance. The Company undertakes the responsibility to file such quarterly report no later than five (5) calendar days after its original due date.
Evidence
Days past due date
-2
Routine
Yes
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
The Company auditors are in the process of reviewing the financial information of the Company. Due to unforeseeable circumstances financial information to be contained in registrants Form 10-Q for the quarter ended September 30, 2026, cannot be completed on a timely basis, without incurring undue hardship and expense due to unforeseeable circumstance. The Company undertakes the responsibility to file such quarterly report no later than five (5) calendar days after its original due date.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Does not expect a significant change in results.Filed 2 days before the statutory due date.
(the “Company”) is unable to file, without unreasonable effort and expense, its Form 10-Q quarterly report for the quarter ended September 30, 2026 (“Form 10-Q”) within the prescribed time period, due to the fact that the Company requires additional time to finalize its financial statements, including accompanying footnote disclosures to be included in such quarterly report on Form 10-Q.
Evidence
Anticipates significant change
No
Days past due date
-2
Routine
Yes
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) is unable to file, without unreasonable effort and expense, its Form 10-Q quarterly report for the quarter ended September 30, 2026 (“Form 10-Q”) within the prescribed time period, due to the fact that the Company requires additional time to finalize its financial statements, including accompanying footnote disclosures to be included in such quarterly report on Form 10-Q.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Does not expect a significant change in results.Filed 2 days before the statutory due date.
The Registrant requires additional time to complete its financial reporting close process and to gather information required for the auditors to complete their review process.
Evidence
Anticipates significant change
No
Days past due date
-2
Other periodic reports filed
Yes
Routine
Yes
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
The Registrant requires additional time to complete its financial reporting close process and to gather information required for the auditors to complete their review process.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Does not expect a significant change in results.Filed 2 days before the statutory due date.
The Registrant could not complete the filing of its Quarterly Report on Form 10-Q for the period ended September 30, 2026, due to a delay in obtaining and compiling information required to be included in its Form 10-Q, which delay could not be eliminated by the Registrant without unreasonable effort and expense.
Evidence
Anticipates significant change
No
Days past due date
-2
Routine
Yes
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
The Registrant could not complete the filing of its Quarterly Report on Form 10-Q for the period ended September 30, 2026, due to a delay in obtaining and compiling information required to be included in its Form 10-Q, which delay could not be eliminated by the Registrant without unreasonable effort and expense.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
expects significant change in results2 days past the statutory due date.
AI Financial Corporation (the “Company”) was unable to file its Quarterly Report on Form 10-Q for the 13-week period ended September 26, 2026 (the “Form 10-Q”), timely due to iXBRL issues. Prior to the closing of the standard filing deadline and prior to encountering the iXBRL issues, management of the Company and the Company’s PCAOB-registered public accounting firm had completed their internal processes and the Form 10-Q had been EDGARized for filing. Further, the Company required a minimal amount of time after the closing of the standard filing deadline to resolve the iXBRL issues, which have been resolved. As a result, the Company filed the Form 10-Q prior to filing this Notification of…
Evidence
Anticipates significant change
Yes
Days past due date
2
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
AI Financial Corporation (the “Company”) was unable to file its Quarterly Report on Form 10-Q for the 13-week period ended September 26, 2026 (the “Form 10-Q”), timely due to iXBRL issues. Prior to the closing of the standard filing deadline and prior to encountering the iXBRL issues, management of the Company and the Company’s PCAOB-registered public accounting firm had completed their internal processes and the Form 10-Q had been EDGARized for filing. Further, the Company required a minimal amount of time after the closing of the standard filing deadline to resolve the iXBRL issues, which have been resolved. As a result, the Company filed the Form 10-Q prior to filing this Notification of…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Internal control reported effective→Material weakness in internal control
As required by Rule 13a-15(c) of the Exchange Act, our management conducted an evaluation of our company’s internal control over financial reporting as of June 30, 2026 based on the framework in Internal Control-Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this evaluation, our management concluded that our internal control over financial reporting was not effective as of June 30, 2026 due to the material weaknesses described above. Because of…
Evidence
Current state
material_weakness
Current state label
Material weakness in internal control
Direction
newly reported
Prior filed
2025-11-14
Prior form
20-F
Prior state
effective
Prior state label
Internal control reported effective
Remediation stated
No
Severity
high
Source
Item 9A internal control conclusion, compared with the prior filing
Why
The company's conclusion on internal control over financial reporting changed: a material weakness was newly reported, or a previously reported one no longer appears.
Does not expect a significant change in results.Filed 4 days before the statutory due date.other reports also outstanding
(the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2026 (the “Q3 2026 Form 10-Q”). The Company has determined that it is unable to file the Q3 2026 Form 10-Q within the prescribed time period provided by the applicable rules of the U.S. Securities and Exchange Commission (the “SEC”) without unreasonable effort and expense. On March 22, 2023, the Company’s Board of Directors (the “Board”), after discussion with management, reached a determination that the Company’s consolidated financial statements and related disclosures as of and for the year ended December 31, 2021 included…
Evidence
Anticipates significant change
No
Days past due date
-4
Other periodic reports filed
No
Routine
No
Severity
high
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2026 (the “Q3 2026 Form 10-Q”). The Company has determined that it is unable to file the Q3 2026 Form 10-Q within the prescribed time period provided by the applicable rules of the U.S. Securities and Exchange Commission (the “SEC”) without unreasonable effort and expense. On March 22, 2023, the Company’s Board of Directors (the “Board”), after discussion with management, reached a determination that the Company’s consolidated financial statements and related disclosures as of and for the year ended December 31, 2021 included…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Hub Group, Inc. filed its quarterly report late and said it expects a significant change in results
Hub Group, Inc.HUBG·NT 10-Q
·Transportation And Utilities·$2.6B
expects significant change in resultsFiled 4 days before the statutory due date.other reports also outstanding
(the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 (the “Q3 2026 Form 10-Q”) within the prescribed time period, without unreasonable effort and expense, as a result of the delay in the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “2025 Form 10-K”). The delay in filing the 2025 Form 10-K has resulted in a corresponding delay in the preparation and completion of the Q3 2026 Form 10-Q. The Company is working diligently to complete the restatement of its consolidated financial statements for the years ended December 31, 2024 and 2023 and the quarterly periods ended March 31, 2025, June 30…
Evidence
Anticipates significant change
Yes
Days past due date
-4
Other periodic reports filed
No
Routine
No
Severity
high
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 (the “Q3 2026 Form 10-Q”) within the prescribed time period, without unreasonable effort and expense, as a result of the delay in the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “2025 Form 10-K”). The delay in filing the 2025 Form 10-K has resulted in a corresponding delay in the preparation and completion of the Q3 2026 Form 10-Q. The Company is working diligently to complete the restatement of its consolidated financial statements for the years ended December 31, 2024 and 2023 and the quarterly periods ended March 31, 2025, June 30…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Does not expect a significant change in results.Filed 4 days before the statutory due date.
(the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026 (the “Form 10-Q”) within the prescribed time period without unreasonable effort or expense. As disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 2, 2026, the Company has concluded that its condensed consolidated financial statements for the fiscal quarter and year-to-date periods ended March 31, 2026 and June 30, 2026 (collectively, the “Affected Periods”) should no longer be relied upon. Specifically, in connection with an Audit and Risk Committee review of the Company’s revenue recognition for certain…
Evidence
Anticipates significant change
No
Days past due date
-4
Other periodic reports filed
Yes
Routine
No
Severity
high
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026 (the “Form 10-Q”) within the prescribed time period without unreasonable effort or expense. As disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 2, 2026, the Company has concluded that its condensed consolidated financial statements for the fiscal quarter and year-to-date periods ended March 31, 2026 and June 30, 2026 (collectively, the “Affected Periods”) should no longer be relied upon. Specifically, in connection with an Audit and Risk Committee review of the Company’s revenue recognition for certain…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Letter dated
2025-07-14; published on EDGAR 2026-11-10 — the
SEC releases comment letters only after the review closes.
Please revise future filings to reconcile Adjusted EBITDA to the most comparable GAAP measure, net loss. In addition, we note that you present Adjusted EBITDA margin without presenting the most directly comparative GAAP measure. Please revise future filings to present the GAAP measure, which appears to be net income (loss) margin, with equal or greater prominence. Refer to Item 10(e)(1)(i)(A) and (B) of Regulation…
Evidence
Direction
company to staff
Letter dated
2025-07-14
Published on edgar
2026-11-10
Reviewing
Enovis Corporation Form 10-K for the Fiscal Year Ended December 31, 2024 Form 10-Q for the Fiscal Quarter Ended April 4, 2025 File No. 001-34045 Dear Ms. Lochhe
Source
Company response to SEC staff (CORRESP)
Topics
MD&A, Non-GAAP measures
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
Letter dated
2025-08-05; published on EDGAR 2026-11-10 — the
SEC releases comment letters only after the review closes.
Evidence
Direction
company to staff
Letter dated
2025-08-05
Published on edgar
2026-11-10
Reviewing
Enovis Corporation Form 10-Q for the Fiscal Quarter Ended April 4, 2025 File No. 001-34045 Dear Ms. Lochhead and Ms. Xiao: We are writing in response to the com
Source
Company response to SEC staff (CORRESP)
Topics
MD&A, Non-GAAP measures
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
Letter dated
2026-01-30; published on EDGAR 2026-11-10 — the
SEC releases comment letters only after the review closes.
Please tell us whether gross profit and operating loss (GAAP) by reportable segment are reported to the CODM and the extent to which each measure is used to evaluate segment performance and allocate resources. If either of these measures are considered by the CODM when assessing performance and allocating resources, please explain how you determined the appropriate measure to report under ASC 280-10-50-28A. Finally…
Evidence
Cited sections
Note 19. Segment Information, page 106
Direction
company to staff
Letter dated
2026-01-30
Published on edgar
2026-11-10
Reviewing
Enovis Corporation Form 10-K for the Fiscal Year Ended December 31, 2024 Form 10-Q for the Fiscal Quarter Ended October 3, 2025 File No. 001-34045 Dear Ms. Loch
Source
Company response to SEC staff (CORRESP)
Topics
Segment reporting, Non-GAAP measures, MD&A, Inventory, Fair value, Business combinations
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
Letter dated
2026-04-08; published on EDGAR 2026-11-10 — the
SEC releases comment letters only after the review closes.
We have reviewed your response to comment 2 and we believe that the non-GAAP adjustment for the purchase of royalty interest is inconsistent with Question 100.01 of the Compliance & Disclosure Interpretations on Non-GAAP Financial Measures. Please remove this non-GAAP adjustment from your presentation of Adjusted EBITDA and Adjusted Net Income in future filings, including the presentation in the press release on…
Evidence
Cited sections
Note 19. Segment Information, page 106
Direction
company to staff
Letter dated
2026-04-08
Published on edgar
2026-11-10
Reviewing
Enovis Corporation Form 10-K for the Fiscal Year Ended December 31, 2024 Form 10-Q for the Fiscal Quarter Ended October 3, 2025 File No. 001-34045 Dear Ms. Loch
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
Letter dated
2025-06-27; published on EDGAR 2026-11-10 — the
SEC releases comment letters only after the review closes.
Please revise future filings to reconcile Adjusted EBITDA to the most comparable GAAP measure, net loss. In addition, we note that you present Adjusted EBITDA margin without presenting the most directly comparative GAAP measure. Please revise future filings to present the GAAP measure, which appears to be net income (loss) margin, with equal or greater prominence. Refer to Item 10(e)(1)(i)(A) and (B) of Regulation…
Evidence
Direction
staff to company
Letter dated
2025-06-27
Published on edgar
2026-11-10
Reviewing
Enovis Corporation Form 10-K for the Fiscal Year Ended December 31, 2024 Form 10-Q for the Fiscal Quarter Ended April 4, 2025 File No. 001-34045 Dear Phillip B.
Source
SEC staff comment letter (UPLOAD)
Topics
MD&A, Non-GAAP measures
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
Letter dated
2025-07-22; published on EDGAR 2026-11-10 — the
SEC releases comment letters only after the review closes.
Evidence
Direction
staff to company
Letter dated
2025-07-22
Published on edgar
2026-11-10
Reviewing
Enovis Corporation Form 10-Q for the Fiscal Quarter Ended April 4, 2025 File No. 001-34045 Dear Phillip B. Berry: We have reviewed your July 14, 2025 response t
Source
SEC staff comment letter (UPLOAD)
Topics
MD&A, Non-GAAP measures
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
Letter dated
2025-12-22; published on EDGAR 2026-11-10 — the
SEC releases comment letters only after the review closes.
Please tell us whether gross profit and operating loss (GAAP) by reportable segment are reported to the CODM and the extent to which each measure is used to evaluate segment performance and allocate resources. If either of these measures are considered by the CODM when assessing performance and allocating resources, please explain how you determined the appropriate measure to report under ASC 280- 10-50-28A.…
Evidence
Cited sections
Note 19. Segment Information, page 106
Direction
staff to company
Letter dated
2025-12-22
Published on edgar
2026-11-10
Reviewing
Enovis Corporation Form 10-K for the Fiscal Year Ended December 31, 2024 Form 10-Q for the Fiscal Quarter Ended October 3, 2025 File No. 001-34045 Dear Phillip
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
Letter dated
2026-02-20; published on EDGAR 2026-11-10 — the
SEC releases comment letters only after the review closes.
We have reviewed your response to comment 2 and we believe that the non-GAAP adjustment for the purchase of royalty interest is inconsistent with Question 100.01 of the Compliance & Disclosure Interpretations on Non-GAAP Financial Measures. Please remove this non-GAAP adjustment from your presentation of Adjusted EBITDA and Adjusted Net Income in future filings, including the presentation in the press release on…
Evidence
Cited sections
Note 19. Segment Information, page 106
Direction
staff to company
Letter dated
2026-02-20
Published on edgar
2026-11-10
Reviewing
Enovis Corporation Form 10-K for the Fiscal Year Ended December 31, 2024 Form 10-Q for the Fiscal Quarter Ended October 3, 2025 File No. 001-34045 Dear Phillip
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
Material weakness in internal control→Internal control reported effective
The weakness was first reported on
2026-08-19 —
83 days and
1 annual report
before this one.
Based on this reassessment and the COSO criteria, management, including our Chief Executive Officer and Chief Financial Officer, concluded that the Company’s internal control over financial reporting was not effective as of December 31, 2024 because of the material weaknesses described above. This conclusion supersedes management’s conclusion in the originally filed Form 10-Q that internal control over financial reporting was effective as of September 30, 2025. 25 Inventory Costing Remediation Activities…
Evidence
Current state
effective
Current state label
Internal control reported effective
Direction
remediated
Prior filed
2026-08-19
Prior form
10-Q
Prior state
material_weakness
Prior state label
Material weakness in internal control
Remediation stated
No
Severity
normal
Source
Item 9A internal control conclusion, compared with the prior filing
Weakness annual reports
1
Weakness days reported
83
Weakness first reported
2026-08-19
Why
The company's conclusion on internal control over financial reporting changed: a material weakness was newly reported, or a previously reported one no longer appears.
Material weakness in internal control→Internal control reported effective
Based on this reassessment and the COSO criteria, management, including our Chief Executive Officer and Chief Financial Officer, concluded that the Company’s internal control over financial reporting was not effective as of December 31, 2025 because of the material weaknesses described above. This conclusion supersedes management’s conclusion in the originally filed Form 10-Q that internal control over financial reporting was effective as of March 31, 2026. Inventory Costing Remediation Activities Subsequent to…
Evidence
Current state
effective
Current state label
Internal control reported effective
Direction
remediated
Prior filed
2026-08-19
Prior form
10-Q
Prior state
material_weakness
Prior state label
Material weakness in internal control
Remediation stated
No
Severity
normal
Source
Item 9A internal control conclusion, compared with the prior filing
Why
The company's conclusion on internal control over financial reporting changed: a material weakness was newly reported, or a previously reported one no longer appears.
Material weakness in internal control→Internal control reported effective
Based on this reassessment and the COSO criteria, management, including our Chief Executive Officer and Chief Financial Officer, concluded that the Company’s internal control over financial reporting was not effective as of December 31, 2025 because of the material weaknesses described above. This conclusion supersedes management’s conclusion in the originally filed Form 10-Q that internal control over financial reporting was effective as of June 30, 2026. Inventory Costing Remediation Activities Subsequent to…
Evidence
Current state
effective
Current state label
Internal control reported effective
Direction
remediated
Prior filed
2026-08-19
Prior form
10-Q
Prior state
material_weakness
Prior state label
Material weakness in internal control
Remediation stated
No
Severity
normal
Source
Item 9A internal control conclusion, compared with the prior filing
Why
The company's conclusion on internal control over financial reporting changed: a material weakness was newly reported, or a previously reported one no longer appears.
No substantial-doubt conclusion identified→Substantial doubt raised, alleviated by management's plans
This assessment does not assume the receipt of any proceeds from the exercise of the Common Stock Warrants. As a result, management has concluded that there is no longer substantial doubt about the Company’s ability to continue as a going concern as of the date of this Quarterly Report. The Company will need to obtain additional funding in the future to complete the development and potential commercialization of its product candidates. The Company expects to obtain such funding through public or private equity, convertible or debt financing or capital obtained in connection with strategic…
Evidence
Blank check
No
Comparable
Yes
Current state
doubt_alleviated
Current state label
Substantial doubt raised, alleviated by management's plans
Direction
escalated
Located in
going-concern note
Prior filed
2026-08-14
Prior form
10-Q
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
Substantial doubt about ability to continue as a going concern→Substantial doubt raised, alleviated by management's plans
Management is also evaluating opportunities to sale and lease back certain equipment which would be expected to generate net cash proceeds that would improve liquidity; however, because of the uncertainty of closing on such a sale, management has not assumed the full benefit in concluding whether substantial doubt is alleviated. The Company's evaluation of these plans, and its assumptions…
Evidence
Blank check
No
Comparable
Yes
Current state
doubt_alleviated
Current state label
Substantial doubt raised, alleviated by management's plans
Direction
eased
Located in
going-concern note
Prior filed
2026-08-06
Prior form
10-Q
Prior state
substantial_doubt
Prior state label
Substantial doubt about ability to continue as a going concern
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
… enerate significant revenues from its current or any future product candidates. The Company believes its cash and cash equivalents of $34.4 million as of September 30, 2026 are not sufficient to fund its projected operations for a period of at least 12 months from the issuance date of these unaudited condensed consolidated financial statements. As a result, the Company has concluded that there is substantial doubt about its ability to continue as a going concern within one year after the date that these consolidated financial statements are issued. The accompanying unaudited condensed…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
filing body
Prior filed
2026-08-05
Prior form
10-Q
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
Internally Developed Software – Software developed for internal use is accounted for pursuant to ASC 350-40, Intangibles, Goodwill and Other — Internal-Use Software, as amended by ASU 2025-06, which the Company early adopted effective January 1, 2026 using the prospective transition approach.
Evidence
Adopted
2025-06
Adoption year stated
2026
Contexts
Internally Developed Software – Software developed for internal use is accounted for pursuant to ASC 350-40, Intangibles, Goodwill and Other — Internal-Use Software, as amended by ASU 2025-06, which the Company early adopted effective January 1, 2026 using the prospective transition approach.
An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.
An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.
An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.
In July 2025, the Financial Accounting Standards Board ("FASB") issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets.
Evidence
New language
In July 2025, the Financial Accounting Standards Board ("FASB") issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets., The ASU introduces an optional practical expedient that allows entities to assume current economic conditions remain unchanged over the remaining life of current accounts receivable and contract assets when estimating expected credit losses.
Prior filed
2026-08-05
Prior form
10-Q
Similarity
0.562
Source
revenue recognition note comparison
Threshold
0.6
Why
The revenue recognition policy disclosure changed materially from the previous comparable filing.
Language present now, absent from the prior filing:
In July 2025, the Financial Accounting Standards Board ("FASB") issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets.
The ASU introduces an optional practical expedient that allows entities to assume current economic conditions remain unchanged over the remaining life of current accounts receivable and contract assets when estimating expected credit losses.
Vylor Inc. filed its quarterly report late and said it expects a significant change in results
Vylor Inc.VYLR·NT 10-Q
·Agriculture, Forestry And Fishing
expects significant change in resultsFiled 4 days before the statutory due date.
(“Vylor” or the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026 by the prescribed due date without unreasonable effort or expense as the Company requires additional time to complete certain processes and procedures related to the required reporting resulting from the spin-off of the Company from Corteva, Inc. (“Corteva”) completed on October 1, 2026 (the “Separation”). Corteva is also unable to file its Quarterly Report on Form 10-Q due to the Separation.
Evidence
Anticipates significant change
Yes
Days past due date
-4
Other periodic reports filed
Yes
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
(“Vylor” or the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026 by the prescribed due date without unreasonable effort or expense as the Company requires additional time to complete certain processes and procedures related to the required reporting resulting from the spin-off of the Company from Corteva, Inc. (“Corteva”) completed on October 1, 2026 (the “Separation”). Corteva is also unable to file its Quarterly Report on Form 10-Q due to the Separation.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Does not expect a significant change in results.Filed 4 days before the statutory due date.
TriMas Corporation (the “Company”) has experienced unexpected delays in the filing of its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026 (the “Form 10-Q”) within the prescribed time period due to delays experienced in completing the Company’s financial statements and certain disclosures required in the Form 10-Q.
Evidence
Anticipates significant change
No
Days past due date
-4
Other periodic reports filed
Yes
Routine
Yes
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
TriMas Corporation (the “Company”) has experienced unexpected delays in the filing of its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026 (the “Form 10-Q”) within the prescribed time period due to delays experienced in completing the Company’s financial statements and certain disclosures required in the Form 10-Q.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
(the “Company”) is working diligently and plans to file its Quarterly Report on Form 10-Q for the three months ended September 30, 2026 (the “Quarterly Report”) as soon as practicable. On September 11, 2026, the Company consummated the previously announced comprehensive restructuring of its principal funded debt obligations, including the related disposition of its Brazilian operations (the “Restructuring Transaction”), as reported in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 11, 2026. Given the significance of the Restructuring Transaction, the Company requires additional time to complete its analysis and review of the…
Evidence
Days past due date
-4
Other periodic reports filed
Yes
Routine
Yes
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) is working diligently and plans to file its Quarterly Report on Form 10-Q for the three months ended September 30, 2026 (the “Quarterly Report”) as soon as practicable. On September 11, 2026, the Company consummated the previously announced comprehensive restructuring of its principal funded debt obligations, including the related disposition of its Brazilian operations (the “Restructuring Transaction”), as reported in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 11, 2026. Given the significance of the Restructuring Transaction, the Company requires additional time to complete its analysis and review of the…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
expects significant change in resultsFiled 4 days before the statutory due date.
(the “Company”) is unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the period ended September 30, 2026 (“Q3 Form 10-Q”) within the prescribed timeframe as a result of ongoing negotiations with the lender under the Company’s New Senior Credit Facility Agreement (“New Senior Credit Facility”). In October 2026, the Company experienced difficulty in meeting certain engineering review and operational requirements in placing its Turkey, North Carolina facility in service, which has impacted its ability to draw down additional debt under its New Senior Credit Facility. As a result, the Company is engaged in discussions with the lender of the New Senior…
Evidence
Anticipates significant change
Yes
Days past due date
-4
Other periodic reports filed
Yes
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) is unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the period ended September 30, 2026 (“Q3 Form 10-Q”) within the prescribed timeframe as a result of ongoing negotiations with the lender under the Company’s New Senior Credit Facility Agreement (“New Senior Credit Facility”). In October 2026, the Company experienced difficulty in meeting certain engineering review and operational requirements in placing its Turkey, North Carolina facility in service, which has impacted its ability to draw down additional debt under its New Senior Credit Facility. As a result, the Company is engaged in discussions with the lender of the New Senior…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
(the “Registrant”) was unable to timely file its Quarterly Report on Form 10-Q for the three months ended September 30, 2026 (the “Form 10-Q”). The Registrant was acquired on November 2, 2026 by MMS USA Holdings, Inc. (a wholly owned subsidiary of Publicis Groupe S.A.) (the “Merger”). The Merger closed prior to the time when the Form 10-Q was required to be filed, which required the Registrant to reassess its auditor relationship with respect to the new owners prior to filing the Form 10-Q. The Registrant’s securities are no longer listed or traded on any U.S. or other securities exchange because the Registrant filed a Form 25 to delist from the New York Stock Exchange after the close of…
Evidence
Days past due date
-4
Routine
Yes
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Registrant”) was unable to timely file its Quarterly Report on Form 10-Q for the three months ended September 30, 2026 (the “Form 10-Q”). The Registrant was acquired on November 2, 2026 by MMS USA Holdings, Inc. (a wholly owned subsidiary of Publicis Groupe S.A.) (the “Merger”). The Merger closed prior to the time when the Form 10-Q was required to be filed, which required the Registrant to reassess its auditor relationship with respect to the new owners prior to filing the Form 10-Q. The Registrant’s securities are no longer listed or traded on any U.S. or other securities exchange because the Registrant filed a Form 25 to delist from the New York Stock Exchange after the close of…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
The quarterly report of IT Tech Packaging, Inc. (the “Company”) on Form 10-Q could not be filed within the prescribed time period due to the fact that the Company was unable to finalize its financial results as well as the disclosure requirements of Form 10-Q without unreasonable expense or effort. As a result, the Company could not solicit and obtain the necessary review of the Form 10-Q in a timely fashion prior to the due date of the report.
Evidence
Days past due date
-4
Routine
Yes
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
The quarterly report of IT Tech Packaging, Inc. (the “Company”) on Form 10-Q could not be filed within the prescribed time period due to the fact that the Company was unable to finalize its financial results as well as the disclosure requirements of Form 10-Q without unreasonable expense or effort. As a result, the Company could not solicit and obtain the necessary review of the Form 10-Q in a timely fashion prior to the due date of the report.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
expects significant change in resultsFiled 4 days before the statutory due date.
GoPro, Inc., a Delaware corporation (the “Company”), is unable to file its Quarterly Report on Form 10-Q for its fiscal quarter ended September 30, 2026 (the “Q3 Form 10-Q”), within the time period prescribed for such report without unreasonable effort or expense. The Company requires additional time to complete its financial close procedures and documentation for the accounting and valuation of certain financing arrangements entered into during the third quarter of 2026. As previously disclosed in Part II, Item 9A of the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2025, and most recently in Part I, Item 4 of the Company’s Quarterly Report on Form 10-Q/A for the…
Evidence
Anticipates significant change
Yes
Days past due date
-4
Other periodic reports filed
Yes
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
GoPro, Inc., a Delaware corporation (the “Company”), is unable to file its Quarterly Report on Form 10-Q for its fiscal quarter ended September 30, 2026 (the “Q3 Form 10-Q”), within the time period prescribed for such report without unreasonable effort or expense. The Company requires additional time to complete its financial close procedures and documentation for the accounting and valuation of certain financing arrangements entered into during the third quarter of 2026. As previously disclosed in Part II, Item 9A of the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2025, and most recently in Part I, Item 4 of the Company’s Quarterly Report on Form 10-Q/A for the…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Corteva, Inc. filed its quarterly report late and said it expects a significant change in results
Corteva, Inc.CTVA·NT 10-Q
·Agriculture, Forestry And Fishing·$50.6B
expects significant change in resultsFiled 4 days before the statutory due date.
(the “Companies”) are unable to file their Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026 by the prescribed due date without unreasonable effort or expense as the Companies require additional time to complete certain processes and procedures related to the required reporting resulting from the spin-off of the Companies’ seed operating segment completed on October 1, 2026 (the “Separation”). (“Vylor”) is also unable to file its Quarterly Report on Form 10-Q due to the Separation.
Evidence
Anticipates significant change
Yes
Days past due date
-4
Other periodic reports filed
Yes
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Companies”) are unable to file their Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026 by the prescribed due date without unreasonable effort or expense as the Companies require additional time to complete certain processes and procedures related to the required reporting resulting from the spin-off of the Companies’ seed operating segment completed on October 1, 2026 (the “Separation”). (“Vylor”) is also unable to file its Quarterly Report on Form 10-Q due to the Separation.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Does not expect a significant change in results.Filed 4 days before the statutory due date.
Bally’s Corporation, (the “Company”) was unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2026 (the “Quarterly Report”) within the prescribed time period as additional time is necessary to complete the review of the Company’s financial statements.
Evidence
Anticipates significant change
No
Days past due date
-4
Other periodic reports filed
Yes
Routine
Yes
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
Bally’s Corporation, (the “Company”) was unable to file its Quarterly Report on Form 10-Q for the period ended September 30, 2026 (the “Quarterly Report”) within the prescribed time period as additional time is necessary to complete the review of the Company’s financial statements.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
(the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026 (the “Quarterly Report”). The Company was unable to file its Quarterly Report within the prescribed time period without unreasonable effort or expense. On November 6, 2026, the Audit Committee (the “Audit Committee”) of the Board of Directors of the Company (the “Board”), after discussion with management of the Company, concurred with management's conclusion that the following previously issued financial statements should no longer be relied upon and should be restated (the "Restatement"): (i) the audited consolidated…
Evidence
Days past due date
-5
Routine
No
Severity
high
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026 (the “Quarterly Report”). The Company was unable to file its Quarterly Report within the prescribed time period without unreasonable effort or expense. On November 6, 2026, the Audit Committee (the “Audit Committee”) of the Board of Directors of the Company (the “Board”), after discussion with management of the Company, concurred with management's conclusion that the following previously issued financial statements should no longer be relied upon and should be restated (the "Restatement"): (i) the audited consolidated…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
(the “Company”) is filing this Notification of Late Filing on Form 12b-25 to report that it is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 (the “Form 10-Q”) without unreasonable effort or expense by the prescribed due date for the reason described below. As previously disclosed, on October 21, 2026, the Company and certain of its subsidiaries filed voluntary petitions (the “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware to implement a comprehensive recapitalization through a prepackaged chapter 11 plan of reorganization (the “Plan”) in accordance with…
Evidence
Days past due date
-5
Other periodic reports filed
Yes
Routine
No
Severity
high
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) is filing this Notification of Late Filing on Form 12b-25 to report that it is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 (the “Form 10-Q”) without unreasonable effort or expense by the prescribed due date for the reason described below. As previously disclosed, on October 21, 2026, the Company and certain of its subsidiaries filed voluntary petitions (the “Chapter 11 Cases”) under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware to implement a comprehensive recapitalization through a prepackaged chapter 11 plan of reorganization (the “Plan”) in accordance with…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Letter dated
2026-02-10; published on EDGAR 2026-11-09 — the
SEC releases comment letters only after the review closes.
Please explain how all personnel at the Adviser are “a group” for purposes of determination of the chief operating decision maker. Please cite applicable U.S. GAAP in the analysis and if the CODM was incorrectly identified, please correct in future reports with the Commission. Response: The Fund has updated its CODM, including in its semi-annual report to shareholders for the period ended October 31, 2025 (the…
Evidence
Direction
company to staff
Letter dated
2026-02-10
Published on edgar
2026-11-09
Reviewing
Polen Credit Opportunities Fund Annual Report on Form N-CSR for the year ending April 30, 2025 File No. 811-23860 Ladies and Gentlemen: This letter is sent on b
Source
Company response to SEC staff (CORRESP)
Topics
Fair value, Segment reporting
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
Because as of the date these condensed consolidated financial statements were issued the Company had not yet obtained the necessary waiver or amendment, management cannot conclude that it is probable that the plan will be effectively implemented and, therefore, management’s plans do not alleviate the substantial doubt regarding the Company’s ability to continue as a going concern. The accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going concern and do not include any adjustments that might result from the outcome of…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
going-concern note
Prior filed
2026-08-04
Prior form
10-Q
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
Substantial doubt raised, alleviated by management's plans→Substantial doubt about ability to continue as a going concern
… perations since inception, including a net loss of $4,073,001 and net cash used in operating activities of $5,455,432 for the nine months ended September 30, 2026, and remains in default under a promissory note with an outstanding principal amount of $1,025,824 (see Note 10). As disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, these conditions previously raised substantial doubt about the Company’s ability to continue as a going concern. That substantial doubt was resolved upon completion of the 2026 Private Placement in June 2026 (see Note 9). As…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
filing body
Prior filed
2026-08-06
Prior form
10-Q
Prior state
doubt_alleviated
Prior state label
Substantial doubt raised, alleviated by management's plans
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
Substantial doubt about ability to continue as a going concern→Substantial doubt raised, alleviated by management's plans
Although the Company generated positive operating cash flow during the nine months ended September 30, 2026, the available evidence does not establish that management’s plans will provide sufficient liquidity to meet the Company’s obligations over the period extending one year after issuance of these condensed consolidated financial statements. Accordingly, management’s plans have not alleviated substantial doubt about the Company’s ability to continue as a going concern. The condensed consolidated financial statements do not include adjustments that might result from the outcome of this…
Evidence
Blank check
No
Comparable
Yes
Current state
doubt_alleviated
Current state label
Substantial doubt raised, alleviated by management's plans
Direction
eased
Located in
going-concern note
Prior filed
2026-08-11
Prior form
10-Q
Prior state
substantial_doubt
Prior state label
Substantial doubt about ability to continue as a going concern
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
Liquidity and Going Concern In accordance with Accounting Standards Update ("ASU") No. 2014-15, Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern (Subtopic 205-40), we have evaluated whether there are conditions or events, considered in the aggregate, that raise substantial doubt about our ability to continue as a going concern for a period of at least one year from the date of issuance of the condensed consolidated financial statements included in this Quarterly Report on Form 10-Q. From our inception through September 30, 2026, we have financed our…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
going-concern note
Prior filed
2026-08-10
Prior form
10-Q
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
These included the potential future receipt of either Earnout Payment, funding from future equity or debt and other plans that have not been fully implemented as of the date the financial statements are issued. Our expected future operating losses and negative cash flows, together with our need for additional funding to support planned operations, raise substantial doubt about our ability to continue as a going concern for a period of one year after the date that these condensed consolidated financial statements are issued. The accompanying unaudited condensed consolidated financial…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
going-concern note
Prior filed
2026-08-05
Prior form
10-Q
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
Recent Accounting Pronouncements The following table provides a brief description of recent accounting pronouncements that could have a material effect on the Company's financial statements: Standard Description Date of Adoption Effect on the financial statements and other significant matters Standards that have been adopted: ASU No. 2025-03, Business Combinations (Topic 805) and Consolidation…
Evidence
Adopted
2025-03
Contexts
Recent Accounting Pronouncements The following table provides a brief description of recent accounting pronouncements that could have a material effect on the Company's financial statements: Standard Description Date of Adoption Effect on the financial statements and other significant matters Standards that have been adopted: ASU No. 2025-03, Business Combinations (Topic 805) and Consolidation…
An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.
expects significant change in resultsFiled 5 days before the statutory due date.
The Registrant is unable to file, without unreasonable effort or expense, its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 (the “Form 10-Q”) by the prescribed filing due date of November 9, 2026. The Registrant’s delay in filing the Form 10-Q is due primarily to additional time needed by the Registrant to allow it to complete pre-filing procedures.
Evidence
Anticipates significant change
Yes
Days past due date
-5
Other periodic reports filed
Yes
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
The Registrant is unable to file, without unreasonable effort or expense, its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 (the “Form 10-Q”) by the prescribed filing due date of November 9, 2026. The Registrant’s delay in filing the Form 10-Q is due primarily to additional time needed by the Registrant to allow it to complete pre-filing procedures.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Does not expect a significant change in results.Filed 5 days before the statutory due date.
(the “Company”) has determined that it is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 (the “Form 10-Q”) by November 9, 2026, the original due date for such filing, without unreasonable effort or expense because it requires additional time to complete its financial statements. The Company requires additional time to finalize adjustments necessary to correct the over recognition of revenue and under recognition of cost of revenue and general and administrative expenses that the Company identified. The adjustments related to the Company’s historical financial statements for quarterly and annual periods between 2024 and June 30, 2026. The required…
Evidence
Anticipates significant change
No
Days past due date
-5
Other periodic reports filed
Yes
Routine
Yes
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) has determined that it is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 (the “Form 10-Q”) by November 9, 2026, the original due date for such filing, without unreasonable effort or expense because it requires additional time to complete its financial statements. The Company requires additional time to finalize adjustments necessary to correct the over recognition of revenue and under recognition of cost of revenue and general and administrative expenses that the Company identified. The adjustments related to the Company’s historical financial statements for quarterly and annual periods between 2024 and June 30, 2026. The required…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Does not expect a significant change in results.Filed 5 days before the statutory due date.
(the “Company”) has determined that it will not be able to file its Quarterly Report on Form 10-Q for its fiscal quarter ended September 30, 2026 (the “Form 10-Q”) by November 9, 2026, the original due date for such filing, without unreasonable effort or expense. The Company management requires additional time to compile and verify the data required to be included in the report.
Evidence
Anticipates significant change
No
Days past due date
-5
Other periodic reports filed
Yes
Routine
Yes
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) has determined that it will not be able to file its Quarterly Report on Form 10-Q for its fiscal quarter ended September 30, 2026 (the “Form 10-Q”) by November 9, 2026, the original due date for such filing, without unreasonable effort or expense. The Company management requires additional time to compile and verify the data required to be included in the report.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Does not expect a significant change in results.Filed 2 days before the statutory due date.
(the “Company”) is filing this Form 12b-25 with the Securities and Exchange Commission (the “SEC”) to postpone the filing of its Quarterly Report on Form 10-Q for the period ended September 27, 2026 (the “Form 10-Q”) beyond November 11, 2026, the prescribed due date for such filing, because the Company was unable to obtain financial information from third party providers on a timely basis without unreasonable expense or effort. The Company expects to file its Form 10-Q on or before the fifth calendar day following the prescribed due date.
Evidence
Anticipates significant change
No
Days past due date
-2
Other periodic reports filed
Yes
Routine
Yes
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) is filing this Form 12b-25 with the Securities and Exchange Commission (the “SEC”) to postpone the filing of its Quarterly Report on Form 10-Q for the period ended September 27, 2026 (the “Form 10-Q”) beyond November 11, 2026, the prescribed due date for such filing, because the Company was unable to obtain financial information from third party providers on a timely basis without unreasonable expense or effort. The Company expects to file its Form 10-Q on or before the fifth calendar day following the prescribed due date.
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Internal control reported effective→Material weakness in internal control
In the Original 2025 Annual Report, management concluded that our internal control over financial reporting was effective as of December 31, 2025. In connection with the restatement, management reassessed the effectiveness of our internal control over financial reporting and, based on this reassessment, concluded that our internal control over financial reporting was not effective as of December 31, 2025, because of the material weakness described below. 93 A material weakness is a deficiency, or a combination of…
Evidence
Current state
material_weakness
Current state label
Material weakness in internal control
Direction
newly reported
Prior filed
2026-02-13
Prior form
10-K
Prior state
effective
Prior state label
Internal control reported effective
Remediation stated
No
Severity
high
Source
Item 9A internal control conclusion, compared with the prior filing
Why
The company's conclusion on internal control over financial reporting changed: a material weakness was newly reported, or a previously reported one no longer appears.
Internal control reported effective→Material weakness in internal control
Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective as of September 30, 2026, because of the material weaknesses in internal control over financial reporting described below. Material Weaknesses in Internal Control over Financial Reporting A material weakness, as defined in Rule 12b-2 under the Exchange Act, is a deficiency, or a combination of deficiencies, in internal control over financial reporting such that…
Evidence
Current state
material_weakness
Current state label
Material weakness in internal control
Direction
newly reported
Prior filed
2026-08-07
Prior form
10-Q
Prior state
effective
Prior state label
Internal control reported effective
Remediation stated
No
Severity
high
Source
Item 9A internal control conclusion, compared with the prior filing
Why
The company's conclusion on internal control over financial reporting changed: a material weakness was newly reported, or a previously reported one no longer appears.
(the “Company”) needs additional time to prepare its Form 10-Q for the quarter ended September 26, 2026 (the “2026 Q3 Form 10-Q”) as a result of the determination of the Company’s Audit Committee, on October 31, 2026, that it must restate its previously issued consolidated financial statements for the fiscal years ended December 27, 2025 (“fiscal year 2025”), December 28, 2024 (“fiscal year 2024”), and December 30, 2023 (“fiscal year 2023”), contained in the Company’s Annual Report on Form 10-K for the fiscal year 2025 (the “2025 Form 10-K”) filed with the Securities and Exchange Commission (“SEC”) on May 19, 2026, and the unaudited quarterly financial information for fiscal years 2025 and…
Evidence
Days past due date
-4
Other periodic reports filed
Yes
Routine
No
Severity
high
Source
Form 12b-25 (notification of late filing)
Stated reason
(the “Company”) needs additional time to prepare its Form 10-Q for the quarter ended September 26, 2026 (the “2026 Q3 Form 10-Q”) as a result of the determination of the Company’s Audit Committee, on October 31, 2026, that it must restate its previously issued consolidated financial statements for the fiscal years ended December 27, 2025 (“fiscal year 2025”), December 28, 2024 (“fiscal year 2024”), and December 30, 2023 (“fiscal year 2023”), contained in the Company’s Annual Report on Form 10-K for the fiscal year 2025 (the “2025 Form 10-K”) filed with the Securities and Exchange Commission (“SEC”) on May 19, 2026, and the unaudited quarterly financial information for fiscal years 2025 and…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
Our ability to address these maturities depends on our ability to successfully restructure, refinance or otherwise extend such indebtedness or to raise additional capital to repay the indebtedness. Because we do not currently have committed financing or cash and cash equivalents combined with projected future cash flows sufficient to satisfy the foregoing debt maturities, substantial doubt exists about our ability to continue as a going concern. While management is pursuing efforts to restructure or refinance the Company’s debt, or to raise additional capital sufficient to satisfy these debt…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
going-concern note
Prior filed
2026-02-13
Prior form
10-K
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
Paragraph – Going Concern The accompanying Financial Statements have been prepared assuming that the Company will continue as a going concern. As described in Note 1, the Company has recurring net losses and negative cash flows from operations. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s evaluation of the events and conditions and plans in regard to these matters are also described in Note 1. The Financial Statements do not include any adjustments that might result from the outcome of this uncertainty. Basis for Opinion These…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
going-concern note
Prior filed
2025-06-16
Prior form
20-F
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
As a single-segment public entity, the Group has adopted ASU 2023-07; expanded segment information is not separately presented because it is the same as the consolidated information in these financial statements.
Evidence
Adopted
2023-07
Contexts
As a single-segment public entity, the Group has adopted ASU 2023-07; expanded segment information is not separately presented because it is the same as the consolidated information in these financial statements.
An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.
Remaining Performance Obligations: Remaining performance obligations represent contracted revenue that will be recognized in future periods.
Evidence
New language
Remaining Performance Obligations: Remaining performance obligations represent contracted revenue that will be recognized in future periods., As of September 30, 2026, the aggregate transaction price allocated to the Company’s remaining performance obligations was $179.5 million.
Prior filed
2026-08-07
Prior form
10-Q
Similarity
0.569
Source
revenue recognition note comparison
Threshold
0.6
Why
The revenue recognition policy disclosure changed materially from the previous comparable filing.
Language present now, absent from the prior filing:
Remaining Performance Obligations: Remaining performance obligations represent contracted revenue that will be recognized in future periods.
As of September 30, 2026, the aggregate transaction price allocated to the Company’s remaining performance obligations was $179.5 million.
The services are considered stand-ready obligation to provide services available for the customer to use, thus is one performance obligation.
Evidence
New language
The services are considered stand-ready obligation to provide services available for the customer to use, thus is one performance obligation., The transaction price is fixed with no variable considerations in these arrangements.
Prior filed
2025-11-28
Prior form
20-F
Similarity
0.029
Source
revenue recognition note comparison
Threshold
0.6
Why
The revenue recognition policy disclosure changed materially from the previous comparable filing.
Language present now, absent from the prior filing:
The services are considered stand-ready obligation to provide services available for the customer to use, thus is one performance obligation.
The transaction price is fixed with no variable considerations in these arrangements.
The Registrant’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026 will not be filed within the prescribed time period because of the Company’s liquidity including the Company’s ability to meet day-to-day operation obligations. We continue to work on finding funding solutions and are dependent on the receipt of loans from Abuse Deterrent Pharma, LLC, which are used to meet day-to-day operation obligations, although no assurance can be made that the receipt of such loans will continue or be sufficient to meet long-term day-to-day operation obligations. We have not filed our Annual Reports for the year ended December 31, 2022, December 31, 2023, December 31, 2024…
Evidence
Days past due date
-8
Routine
Yes
Severity
normal
Source
Form 12b-25 (notification of late filing)
Stated reason
The Registrant’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2026 will not be filed within the prescribed time period because of the Company’s liquidity including the Company’s ability to meet day-to-day operation obligations. We continue to work on finding funding solutions and are dependent on the receipt of loans from Abuse Deterrent Pharma, LLC, which are used to meet day-to-day operation obligations, although no assurance can be made that the receipt of such loans will continue or be sufficient to meet long-term day-to-day operation obligations. We have not filed our Annual Reports for the year ended December 31, 2022, December 31, 2023, December 31, 2024…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Does not expect a significant change in results.Filed 5 days before the statutory due date.
Beyond Meat, Inc., a Delaware corporation (the “Company”), is unable to file its Quarterly Report on Form 10-Q for its fiscal quarter ended September 26, 2026 (the “Form 10-Q”), within the time period prescribed for such report without unreasonable effort or expense. The Company requires additional time to complete its financial close procedures and documentation of certain non-routine transactions, including an impairment of its long-lived assets and certain lease modifications. The Company continues to work diligently to complete these procedures and currently expects to file its Quarterly Report on Form 10–Q no later than November 10, 2026; however, the timing of the filing may be…
Evidence
Anticipates significant change
No
Days past due date
-5
Other periodic reports filed
Yes
Routine
No
Severity
high
Source
Form 12b-25 (notification of late filing)
Stated reason
Beyond Meat, Inc., a Delaware corporation (the “Company”), is unable to file its Quarterly Report on Form 10-Q for its fiscal quarter ended September 26, 2026 (the “Form 10-Q”), within the time period prescribed for such report without unreasonable effort or expense. The Company requires additional time to complete its financial close procedures and documentation of certain non-routine transactions, including an impairment of its long-lived assets and certain lease modifications. The Company continues to work diligently to complete these procedures and currently expects to file its Quarterly Report on Form 10–Q no later than November 10, 2026; however, the timing of the filing may be…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
Substantial doubt about ability to continue as a going concern→No substantial-doubt conclusion identified
The Company has completed this evaluation and concluded that there are no conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date of these Condensed Consolidated Financial Statements. The Company is dependent on borrowings under its New Credit Agreement (as defined in Note 20) and cash generated from operations to finance its operations, service its debt requirements, maintain compliance with its covenants, and to fund capital requirements. The Company believes that projected cash…
Evidence
Blank check
No
Comparable
Yes
Current state
none
Current state label
No substantial-doubt conclusion identified
Direction
eased
Located in
going-concern note
Prior filed
2026-08-06
Prior form
10-Q
Prior state
substantial_doubt
Prior state label
Substantial doubt about ability to continue as a going concern
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
Substantial doubt about ability to continue as a going concern→Substantial doubt raised, alleviated by management's plans
The Company continues to incur operating costs to execute its strategic plan, including costs related to research and development of its product candidates and commercial execution activities. The Company’s increased cash and cash equivalents position as of September 30, 2026 plus net proceeds received from the Offering in October 2026 alleviated the substantial doubt. The Company expects to finance its operations with its existing cash, cash equivalents and investments, through future net product revenues, through potential future milestones and royalties received pursuant to the Company’s…
Evidence
Blank check
No
Comparable
Yes
Current state
doubt_alleviated
Current state label
Substantial doubt raised, alleviated by management's plans
Direction
eased
Located in
filing body
Prior filed
2026-08-06
Prior form
10-Q
Prior state
substantial_doubt
Prior state label
Substantial doubt about ability to continue as a going concern
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
This estimate is based on our current operating plan, and excludes the potential effects of any future financings or material milestone payments that may be received under our licensing and collaboration arrangements. We have based this estimate on assumptions that may prove to be wrong, and we could exhaust our capital resources sooner than expected. These conditions raise substantial doubt about our ability to continue as a going concern within 12 months from the issuance date of our consolidated financial statements for the three and nine months ended September 30, 2026 included in this…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
going-concern note
Prior filed
2026-08-06
Prior form
10-Q
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
… ed to scale back or terminate its operations or seek to merge with or to be acquired by another company. The Company has limited cash resources, has reported recurring losses from operations since inception, has negative operating cash flows and has not yet generated product revenues. As of September 30, 2026, the Company had cash and cash equivalents of approximately $10.6 million. These factors raise substantial doubt regarding the Company's ability to continue as a going concern. Based on the Company's current operating plan and existing cash resources, management believes the Company…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
filing body
Prior filed
2026-08-06
Prior form
10-Q
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
However, management can provide no assurance that the Plan will be confirmed by the Bankruptcy Court and the transactions contemplated by the RSAs will be consummated. Due to the inherent uncertainties of the chapter 11 process and securing court confirmation, substantial doubt exists about the Company’s ability to continue as a going concern for the one-year period from the issuance of these Interim Consolidated Financial Statements. As of September 30, 2026, the Company retains sufficient liquidity to meet its obligations to customers, vendors, counterparties, and employees in the ordinary…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
going-concern note
Prior filed
2026-08-06
Prior form
10-Q
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
… n market, through privately negotiated transactions or otherwise. The Company will evaluate any such transactions in light of the existing market conditions. The amounts involved in any such transaction, individually or in the aggregate, may be material. Notwithstanding our plans to improve liquidity and address the Company’s 2027 Notes and the Company’s 2027 Mirror Notes prior to their maturity, substantial doubt exists about our ability to continue as a going concern over the next twelve months. Gain on debt extinguishment – 2032 Notes In the three months ended September 30, 2026, the…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
filing body
Prior filed
2026-08-06
Prior form
10-Q
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
… product candidates in certain territories or indications that we would prefer to develop and commercialize ourselves. The Company expects that its current cash and cash equivalents and short-term investments may not be sufficient to fund operations for at least twelve months from the date of issuance of these unaudited consolidated financial statements. Accordingly, the Company has concluded that substantial doubt exists about the Company’s ability to continue as a going concern. The accompanying financial statements have been prepared on a going concern basis, which contemplates the…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
filing body
Prior filed
2026-08-05
Prior form
10-Q
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
(58) 41 50 Total deferred taxes (631) 152 (100) Total: U.S. federal 1,782 1,981 2,562 State and local 358 260 280 Non-U.S. 2,449 1,895 1,331 Income tax provision $ 4,589 $ 4,136 $ 4,173 Beginning in fiscal 2026, the Company adopted ASU 2023-09 on a prospective basis.
Evidence
Adopted
2023-09
Adoption year stated
2026
Contexts
(58) 41 50 Total deferred taxes (631) 152 (100) Total: U.S. federal 1,782 1,981 2,562 State and local 358 260 280 Non-U.S. 2,449 1,895 1,331 Income tax provision $ 4,589 $ 4,136 $ 4,173 Beginning in fiscal 2026, the Company adopted ASU 2023-09 on a prospective basis.
An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.
Segment Reporting The Company adopted ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, for the year ended December 31, 2024.
Evidence
Adopted
2023-07
Contexts
Segment Reporting The Company adopted ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, for the year ended December 31, 2024.
An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.
A performance obligation is a promise in a contract to transfer a distinct product or service to a customer and is the unit of account under ASC 606, “Revenue from Contracts with Customers”.
Evidence
New language
A performance obligation is a promise in a contract to transfer a distinct product or service to a customer and is the unit of account under ASC 606, “Revenue from Contracts with Customers”., For any system equipment sales where the equipment would have an alternative use or where the contract provisions of the contract preclude the use of over time revenue recognition, revenue is recognized at the point in time when control of the equipment is transferred to the customer., For the three and nine months ended September 30, 2026 and 2025, all system equipment sales were recorded over time by using an input method except one contract that was entered into during 2024 and was not recognized as revenue using over time revenue recognition until July 2025 when a contract modification was…
Prior filed
2026-08-12
Prior form
10-Q
Similarity
0.0
Source
revenue recognition note comparison
Threshold
0.6
Why
The revenue recognition policy disclosure changed materially from the previous comparable filing.
Language present now, absent from the prior filing:
A performance obligation is a promise in a contract to transfer a distinct product or service to a customer and is the unit of account under ASC 606, “Revenue from Contracts with Customers”.
For any system equipment sales where the equipment would have an alternative use or where the contract provisions of the contract preclude the use of over time revenue recognition, revenue is recognized at the point in time when control of the equipment is transferred to the customer.
For the three and nine months ended September 30, 2026 and 2025, all system equipment sales were recorded over time by using an input method except one contract that was entered into during 2024 and was not recognized as revenue using over time revenue recognition until July 2025 when a contract modification was…
Interchange revenue is earned when customers use their cards through established payment networks.
Evidence
New language
Interchange revenue is earned when customers use their cards through established payment networks., The related consideration is settled net of our fee and may be paid daily or monthly.
Prior filed
2026-08-06
Prior form
10-Q
Similarity
0.525
Source
revenue recognition note comparison
Threshold
0.6
Why
The revenue recognition policy disclosure changed materially from the previous comparable filing.
Language present now, absent from the prior filing:
Interchange revenue is earned when customers use their cards through established payment networks.
The related consideration is settled net of our fee and may be paid daily or monthly.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
These conditions and events raise substantial doubt about the Company's ability to continue as a going concern. The Company continues to evaluate and pursue several initiatives to improve liquidity and extend its cash runway, including reducing operating expenditures, optimizing working capital, pursuing strategic partnerships, and evaluating comprehensive financing and other strategic opportunities or investments, sales, and other strategic transactions to raise additional capital through debt financing, equity offerings, or other financing arrangements intended to support the Company’s…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
filing body
Prior filed
2026-08-05
Prior form
10-Q
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
On January 1, 2026, United adopted ASU 2025-08 Financial Instruments - Credit Losses (Topic 326): Purchased Loans, which expanded the population of acquired financial assets subject to the gross-up approach in Topic 326 to include purchased seasoned loans without credit deterioration, which previously only applied to PCD loans.
Evidence
Adopted
2025-08
Contexts
On January 1, 2026, United adopted ASU 2025-08 Financial Instruments - Credit Losses (Topic 326): Purchased Loans, which expanded the population of acquired financial assets subject to the gross-up approach in Topic 326 to include purchased seasoned loans without credit deterioration, which previously only applied to PCD loans.
An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.
Under ASU 2025-08, Purchased Loans, which we adopted upon issuance of the ASU in 2025, acquired loans that were not PCD and were eligible under the guidance were classified as purchased seasoned loans (“PSL”).
Evidence
Adopted
2025-08
Contexts
Under ASU 2025-08, Purchased Loans, which we adopted upon issuance of the ASU in 2025, acquired loans that were not PCD and were eligible under the guidance were classified as purchased seasoned loans (“PSL”).
An accounting standard (ASU) appears in this filing that did not appear in the previous comparable one, in a sentence describing it as adopted. That is a change in what the company discloses, which is not always a change of policy in the current period: the filing may state an adoption date years earlier.
Letter dated
2026-04-06; published on EDGAR 2026-11-03 — the
SEC releases comment letters only after the review closes.
Please revise to replace Net Revenue Margin % with Adjusted Margin %. RESPONSE: The Company respectfully acknowledges the Staff’s comment and confirms that beginning with its Annual Report on Form 20-F for the fiscal year ended March 31, 2025 (the “2026 20-F”) it will replace Net Revenue Margin % with Adjusted Margin %. Results from Operations, page 99 2. We refer to your discussions of Adjusted EBITDA Profit on…
Evidence
Direction
company to staff
Letter dated
2026-04-06
Published on edgar
2026-11-03
Reviewing
Yatra Online, Inc. Form 20-F for the Fiscal Year Ended March 31, 2025 Filed July 31, 2025 File No. 001-37968 Dear Mr. McAllister and Ms. Calder: Yatra Online, I
Source
Company response to SEC staff (CORRESP)
Topics
Non-GAAP measures, Share-based compensation, Income taxes
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
Letter dated
2026-04-24; published on EDGAR 2026-11-03 — the
SEC releases comment letters only after the review closes.
We note your response to comment 3. Question 102.11 of the Corporation Finance Interpretations on Non-GAAP Financial Measures prohibits adjustments to arrive at a non-GAAP measure to be shown net of taxes. We also note the adjustment for the impact of taxes should only represent tax amounts that impact non-GAAP adjustments, not the entire income tax provision. Additionally, your reconciliation begins with…
Evidence
Direction
company to staff
Letter dated
2026-04-24
Published on edgar
2026-11-03
Reviewing
Yatra Online, Inc. Form 20-F for the Fiscal Year Ended March 31, 2025 Filed July 31, 2025 File No. 001-37968 Dear Mr. McAllister and Ms. Calder: Yatra Online, I
Source
Company response to SEC staff (CORRESP)
Topics
Non-GAAP measures, Income taxes, Goodwill and impairment, Share-based compensation
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
Letter dated
2026-03-23; published on EDGAR 2026-11-03 — the
SEC releases comment letters only after the review closes.
Please revise to replace Net Revenue Margin % with Adjusted Margin %. Results from Operations, page 99 2. We refer to your discussions of Adjusted EBTIDA Profit on pages 99 and 101. When presenting a non-IFRS measure, you are required to present the most directly comparable IFRS measure with equal or greater prominence. Please revise these presentations to comply with Question 102.10 of the Corporation Finance…
Evidence
Direction
staff to company
Letter dated
2026-03-23
Published on edgar
2026-11-03
Reviewing
Yatra Online, Inc. Form 20-F for the fiscal year ended March 31, 2025 Filed July 31, 2025 File No. 001-37968 Dear Anuj Sethi: We have limited our review of your
Source
SEC staff comment letter (UPLOAD)
Topics
Non-GAAP measures, Income taxes
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
Letter dated
2026-04-13; published on EDGAR 2026-11-03 — the
SEC releases comment letters only after the review closes.
We note your response to comment 3. Question 102.11 of the Corporation Finance Interpretations on Non-GAAP Financial Measures prohibits adjustments to arrive at a non-GAAP measure to be shown net of taxes. We also note the adjustment for the impact of taxes should only represent tax amounts that impact non-GAAP adjustments, not the entire income tax provision. Additionally, your reconciliation begins with…
Evidence
Direction
staff to company
Letter dated
2026-04-13
Published on edgar
2026-11-03
Reviewing
Yatra Online, Inc. Form 20-F for the fiscal year ended March 31, 2025 Filed July 31, 2025 Reponse dated File No. 001-37968 Dear Anuj Sethi: We have reviewed you
Source
SEC staff comment letter (UPLOAD)
Topics
Non-GAAP measures, Income taxes
Why
SEC staff reviewed the company's periodic report and raised written comments on its accounting, or the company replied to them. Letters are published on EDGAR only after the review closes.
Substantial doubt about ability to continue as a going concern→Substantial doubt raised, alleviated by management's plans
However, there can be no assurance that the Company will be successful in obtaining sufficient additional financing or generating adequate cash flows from operations to meet its obligations as they become due. Management's plans have not alleviated the substantial doubt regarding the Company's ability to continue as a going concern. The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern and do not include any adjustments to the carrying amounts or classification of assets and liabilities that might be necessary if the…
Evidence
Blank check
No
Comparable
Yes
Current state
doubt_alleviated
Current state label
Substantial doubt raised, alleviated by management's plans
Direction
eased
Located in
going-concern note
Prior filed
2025-11-26
Prior form
10-K/A
Prior state
substantial_doubt
Prior state label
Substantial doubt about ability to continue as a going concern
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
No substantial-doubt conclusion identified→Substantial doubt about ability to continue as a going concern
F-1 Table of Contents Going Concern: As discussed in Note 2, the Company has been unable to meet certain loan covenants, has incurred recurring losses from operation, and generated negative cash flows from operating activities and had an accumulated deficit that raises substantial doubt about the Company’s ability to continue as a going concern. Auditing management’s evaluation of going concern can be a significant judgement given the fact that the Company uses management estimates on future revenues and expenses, which are difficult to substantiate. We evaluated the appropriateness of the…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
going-concern note
Prior filed
2025-08-28
Prior form
10-K/A
Prior state
none
Prior state label
No substantial-doubt conclusion identified
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
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