An amendment is grouped with the report it
amends; every 12b-25 notice is one group
Late filingelevated
Filing comparison
AI Financial Corp filed its quarterly report late and said it expects a significant change in results
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.
AI Financial Corp filed its quarterly report late and said it expects a significant change in results
expects significant change in results1 day past the statutory due date.
AI Financial Corporation (the “Company”) is unable to file, without unreasonable effort and expense, its Quarterly Report on Form 10-Q for the 13-week period ended June 27, 2026 (the “Form 10-Q”). The Company requires additional time to finalize its financial statements for that period, including a subsequent events footnote – due, in large part, to the Company’s recent disposition of its indirect, wholly-owned second-tier subsidiary, Alt 5 Sigma Canada Inc., and the related required accounting concepts and calculations. As a result, there was a slightly insufficient amount of time remaining after the disposition for management to prepare the Form 10-Q and for the Company’s PCAOB-registered…
Evidence
Anticipates significant change
Yes
Days past due date
1
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
AI Financial Corporation (the “Company”) is unable to file, without unreasonable effort and expense, its Quarterly Report on Form 10-Q for the 13-week period ended June 27, 2026 (the “Form 10-Q”). The Company requires additional time to finalize its financial statements for that period, including a subsequent events footnote – due, in large part, to the Company’s recent disposition of its indirect, wholly-owned second-tier subsidiary, Alt 5 Sigma Canada Inc., and the related required accounting concepts and calculations. As a result, there was a slightly insufficient amount of time remaining after the disposition for management to prepare the Form 10-Q and for the Company’s PCAOB-registered…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
AI Financial Corp disclosed 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.
As of March 28, 2026, the Company had a working capital deficit of approximately $5.5 million, reflecting total current liabilities of $39.1 million compared to total current assets of $32.2 million. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued. In evaluating its ability to meet its obligations, management has considered the following: On January 29, 2026, the Company, through its indirect wholly-owned subsidiary ALT5 Digital Holdings, Inc., drew down $15.0 million under…
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
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
not comparable
Located in
filing body
Prior filed
2026-01-14
Prior form
10-Q/A
Registrant changed from
ALT5 Sigma Corp
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.
AI Financial Corp filed its quarterly report late and said it expects a significant change in results
expects significant change in results92 days past the statutory due date.
AI Financial Corporation (the “Company”) is unable to file, without unreasonable effort and expense, its Quarterly Report on Form 10-Q for the 13-week period ended March 28, 2026 (the “Form 10-Q”). The Company requires additional time to finalize its financial statements for that period – due, in large part, to the Company’s reaudit of its 2024 fiscal year financial statements that were included in its 2025 Annual Report on Form 10-K (the “Form 10-K”) (the reaudit required by virtue of the previously announced mid-year change in the Company’s PCAOB-registered public accounting firm and that firm’s subsequent unavailability). As a result, there was a slightly insufficient amount of time…
Evidence
Anticipates significant change
Yes
Days past due date
92
Routine
No
Severity
high
Source
Form 12b-25 (notification of late filing)
Stated reason
AI Financial Corporation (the “Company”) is unable to file, without unreasonable effort and expense, its Quarterly Report on Form 10-Q for the 13-week period ended March 28, 2026 (the “Form 10-Q”). The Company requires additional time to finalize its financial statements for that period – due, in large part, to the Company’s reaudit of its 2024 fiscal year financial statements that were included in its 2025 Annual Report on Form 10-K (the “Form 10-K”) (the reaudit required by virtue of the previously announced mid-year change in the Company’s PCAOB-registered public accounting firm and that firm’s subsequent unavailability). As a result, there was a slightly insufficient amount of time…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
ALT5 Sigma Corp disclosed substantial doubt about its ability to continue as a going concern
No going-concern disclosure→Substantial doubt about ability to continue as a going concern
As of December 27, 2025, the Company had a working capital deficit of approximately $21.9 million, reflecting total current liabilities of $51.4 million compared to total current assets of $29.5 million. These conditions raise substantial doubt about the Company's ability to continue as a going concern within one year after the date these financial statements are issued. In evaluating its ability to meet its obligations, management has considered the following: On January 29, 2026, the Company, through its indirect wholly-owned subsidiary ALT5 Digital Holdings, Inc., drew down $15.0 million…
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
2025-08-12
Prior form
10-K/A
Prior state
none
Prior state label
No going-concern disclosure
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.
ALT5 Sigma Corp filed its annual report late and said it expects a significant change in results
expects significant change in resultsFiled on the statutory due date.
Alt5 Sigma Corporation (the “Company”) is unable to file, without unreasonable effort and expense, its Annual Report on Form 10-K for the fiscal year ended December 27, 2025 (the “Form 10-K”). The Company requires additional time to finalize its annual financial statements (due to finalization of certain accounting treatment relative to the Company’s acquisition completed during the fiscal year) and to complete the audit process thereof (also due to the previously announced change in the Company’s PCAOB-registered public accounting firm) for the relevant part of the Form 10-K. As disclosed, the Company’s prior Audit Report on Form 10-K of the Company did not contain an adverse opinion or…
Evidence
Anticipates significant change
Yes
Days past due date
0
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
Alt5 Sigma Corporation (the “Company”) is unable to file, without unreasonable effort and expense, its Annual Report on Form 10-K for the fiscal year ended December 27, 2025 (the “Form 10-K”). The Company requires additional time to finalize its annual financial statements (due to finalization of certain accounting treatment relative to the Company’s acquisition completed during the fiscal year) and to complete the audit process thereof (also due to the previously announced change in the Company’s PCAOB-registered public accounting firm) for the relevant part of the Form 10-K. As disclosed, the Company’s prior Audit Report on Form 10-K of the Company did not contain an adverse opinion or…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.