Late filing
high
Filing comparison
FinTrade Sherpa, Inc. told the SEC it could not file its quarterly report on time
During the reporting period, the Company began undergoing changes in its executive leadership and board composition to be more suitable to the needs of the Company, including the pending appointment of new officers and directors. As part of the aforementioned change, the Company, accepted the resignation of its auditor. The transition to a new auditor has required additional time for onboarding, review of prior-period workpapers, and completion of required audit procedures. These changes have required additional internal review, re-evaluation of certain disclosures, and coordination among new management personnel, which has further delayed the completion of the financial statements and…
Evidence
- Days past due date
- 4
- Routine
- No
- Severity
- high
- Source
- Form 12b-25 (notification of late filing)
- Stated reason
- During the reporting period, the Company began undergoing changes in its executive leadership and board composition to be more suitable to the needs of the Company, including the pending appointment of new officers and directors. As part of the aforementioned change, the Company, accepted the resignation of its auditor. The transition to a new auditor has required additional time for onboarding, review of prior-period workpapers, and completion of required audit procedures. These changes have required additional internal review, re-evaluation of certain disclosures, and coordination among new management personnel, which has further delayed the completion of the financial statements and…
- Why
- The company told the SEC it could not file a periodic report on time, using Form 12b-25.