Above Food Substantively Completes Fiscal 2025 Audit, Files 20-F Pending Confirmation
Above Food substantially completed its fiscal 2025 audit and readied its Form 20-F, pending final third-party confirmation on disclosures related to a subsidiary under receivership. Filing the Form 20-F and 2026 interim statements within Nasdaq’s extension period will restore compliance and clear the way for planned corporate transactions.
1. Audit Completion and Filing Readiness
Above Food Ingredients finalized substantive work on its consolidated financial statement audit for the year ended January 31, 2025, and has prepared the annual report on Form 20-F. The only remaining step is obtaining a formal confirmation from the court-appointed receiver of the disposed subsidiary to verify related disclosures.
2. Disposed Subsidiary Under Receivership
Following the restructuring and disposal of a material subsidiary that entered receivership, the company has communicated the substance of the required confirmation and awaits final procedural sign-off. Management expects the confirmation form to be resolved swiftly and does not anticipate additional delays.
3. Nasdaq Compliance and Next Steps
Once the Form 20-F and subsequent 2026 interim financial statements are filed within the granted extension, Above Food will regain full compliance with Nasdaq listing requirements. Regaining compliance will enable the company to proceed with its pending corporate and commercial transactions aimed at unlocking shareholder value.