Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
16 Août 2022 - 10:26PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
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(Check one):
☐ Form 10-K ☐ Form 20-F ☐ Form 11-K ☒ Form 10-Q ☐ Form 10-D ☐ Form
N-CEN
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☐ Form N-CSR |
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For Period Ended:
June 30, 2022
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☐ Transition Report on Form 10-K |
☐ Transition Report on Form 20-F |
☐ Transition Report on Form 11-K |
☐ Transition Report on Form 10-Q |
For the Transition Period Ended: _____________ |
Nothing in this form shall be construed to imply that the
Commission has verified any information contained
herein.
If the notification relates to a portion of the filing checked
above, identify the Item(s) to which the notification
relates:
Not Applicable.
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PART I - REGISTRANT INFORMATION
BM TECHNOLOGIES, INC.
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Full Name of Registrant
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Former Name if Applicable
201 King of Prussia Road, Suite 350
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Address of Principal Executive Office
(Street and Number)
Wayne, PA 19087
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City, State and Zip Code
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to Rule
12b-25(b), the following should be completed. (Check box if
appropriate)
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(a)
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The reason described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or
expense
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☒
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(b)
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The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or
portion thereof, will be filed on or before the fifteenth calendar
day following the prescribed due date; or the subject quarterly
report or transition report on Form 10-Q or subject distribution
report on Form 10-D, or portion thereof, will be filed on or before
the fifth calendar day following the prescribed due date;
and
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(c)
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The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
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PART III - NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q,
10-D, N-CEN, N-CSR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
BM Technologies, Inc. (the “Company”) is unable to file its
Quarterly Report on Form 10-Q for the quarter ended June 30, 2022
(the “Second Quarter 10-Q”) within the prescribed time period
without unreasonable effort or expense for the reason described
below.
The Company filed its December 31, 2021 Annual Report on Form 10-K
on May 10, 2022 (the “Form 10-K”). As disclosed in the Company’s
Current Report on Form 8-K filed on May 16, 2022, by mutual
agreement, the Company’s previous independent registered public
accounting firm resigned, and as disclosed in the Current Report on
Form 8-K filed on July 25, 2022, the Company engaged a new
independent registered public accounting firm to act as the
Company's independent auditor. At the time of resignation of the
Company’s prior independent registered public accounting firm, the
Company also filed a Notice of Late Filing on Form 12b-25
indicating that it would be unable to file its Quarterly Report on
Form 10-Q for the quarter ended March 31, 2022 (the “First Quarter
10-Q”) by the due date. The Company has been working diligently to
substantially remediate the deficiencies in its internal control
over financial reporting described in Part II, Item 9A, of its Form
10-K, and to file the First Quarter 10-Q. The First Quarter 10-Q
was filed today prior to the filing of this Notice of Late Filing
on Form 12b-25.
As a result of the prior delayed filings, efforts to substantially
remediate deficiencies in its internal controls, and the transition
to a new independent registered public accounting firm, the Company
needs additional time to prepare and review its financial
statements to ensure adequate disclosure of the financial
information required to be included in the Second Quarter 10-Q. The
Company intends to file the Second Quarter 10-Q no later than
August 22, 2022.
PART IV - OTHER INFORMATION
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(1)
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Name and telephone number of person to contact in regard to this
notification
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Bob Ramsey
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877
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327-9515
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(Name)
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(Area Code)
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(Telephone Number)
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(2)
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Have all other periodic reports required under Section 13 or 15(d)
of the Securities Exchange Act of 1934 or Section 30 of the
Investment Company Act of 1940 during the preceding 12 months or
for such shorter period that the registrant was required to file
such report(s) been filed? If answer is no, identify
report(s).
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Yes
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No
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(3)
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Is it anticipated that any significant change in results of
operations from the corresponding period for the last fiscal year
will be reflected by the earnings statements to be included in the
subject report or portion thereof?
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Yes
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No
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If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the
reasons why a reasonable estimate of the results cannot be
made.
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BM TECHNOLOGIES, INC. |
(Name of Registrant as Specified in Charter) |
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has caused notification to be signed on its behalf by the
undersigned hereunto duly authorized. |
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Date: August 16, 2022
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By:
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/s/ Bob Ramsey
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Name:
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Bob Ramsey
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Title:
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Chief Financial Officer
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BM Technologies (AMEX:BMTX)
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