Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB
12 Agosto 2024 - 3:05PM
Edgar (US Regulatory)
| UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 | SEC FILE NUMBER
001-36632 |
|
FORM 12b-25 | CUSIP NUMBER
290846 104
|
NOTIFICATION OF LATE FILING
(Check One): ¨ Form
10-K ¨ Form
20-F ¨ Form
11-K x Form
10-Q ¨ Form 10-D
¨
Form N-CEN ¨ Form N-CSR
For Period Ended: June 30, 2024
| ¨ | 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:
PART I – REGISTRANT INFORMATION
EMCORE
Corporation
Full Name of Registrant
N/A
Former Name if Applicable
450 Clark Drive
Address of Principal Executive Office (Street and Number)
Budd Lake, NJ 07828
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)
x |
(a) |
The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
(b) |
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 |
(c) |
The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
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.
As previously disclosed in the Current
Report on Form 8-K filed by EMCORE Corporation (“EMCORE” or the “Company”) with the Securities and Exchange Commission
(the “SEC”) on May 23, 2024, EMCORE announced a restructuring program (the "Restructuring") that includes the full
closure of the Company’s Alhambra, CA facility, headcount reductions and additional reductions in operating expenses. As previously
disclosed in the Current Report on Form 8-K filed by EMCORE with the SEC on August 6, 2024, EMCORE announced prepayment in full of all
obligations under, and termination of, its senior secured credit agreement (the “Prepayment”).
As a result of the Restructuring and
the Prepayment, along with extended one-time work activity related to the Restructuring and the Prepayment, EMCORE was unable to complete
its consolidated unaudited financial statement close process for the three-month period ended June 30, 2024, and therefore unable to compile
in a timely manner, without unreasonable effort or expense, the consolidated financial information required to prepare its Quarterly Report
on Form 10-Q for the quarter ended June 30, 2024 (the “Form 10-Q”) within the prescribed time period.
Although the Company has not completed the Form 10-Q, the Company expects
the financial information that it reports in the Form 10-Q will be substantially consistent with the revenue, gross profit, operating
expense and operating loss for the three months ended June 30, 2024 reported in its earnings release that the Company furnished as Exhibit
99.1 to the Company’s Current Report on Form 8-K filed with the SEC on August 6, 2024 (the “Earnings Release”). Based
on currently available information and consistent with its disclosures in the Company’s most recently filed Annual Report on Form
10-K for the fiscal year ended September 30, 2023, management anticipates that the Company will be disclosing in the Form 10-Q that the
Company’s liquidity condition causes substantial doubt to exist about the Company’s ability to continue as a going concern
for at least twelve months from the expected issuance date of the Form 10-Q. The Company expects that the Form 10-Q, along with the unaudited
financial statements for the quarter ended June 30, 2024, will be filed as soon as possible within the 5-calendar day extension period
provided by Rule 12b-25.
Cautionary Note Regarding Forward-Looking Statements
The information provided herein may include forward-looking statements
within the meaning of federal securities laws. These forward-looking statements are based on the Company’s current expectations
about future events. Such forward-looking statements include, without limitation: expectations regarding the filing of the Form 10-Q,
including the timing thereof; expectations regarding the Company’s ability to continue as a going concern; and the expectation that
the Company’s revenue, gross profit, operating expense and operating loss for the three months ended June 30, 2024 included in the
Form 10-Q will be substantially consistent with the financial information in the Earnings Release. Additionally, all statements concerning
future matters that are not historical are forward-looking statements. These forward-looking statements involve risks and uncertainties
that could cause actual results to differ materially from those projected including, without limitation: the risk that the review of the
Company’s financial statements may not be able to be completed within the expected timeframe; and the risk that the financial statements
included in the Form 10-Q differs from the financial information in the Earnings Release. You should not rely on these statements without
also considering the risks and uncertainties associated with these statements and the Company’s business that are addressed in the
Company’s filings with the SEC that are available on the SEC’s web site located at www.sec.gov, including the sections entitled
“Risk Factors” in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. The Company does not
intend to update any forward-looking statement to conform such statements to actual results or to changes in expectations, except as required
by applicable law or regulation.
PART IV – OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Tom Minichiello |
|
(626) |
|
293-3400 |
(Name) |
|
(Area Code) |
|
(Telephone Number) |
(2) 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 the answer is no, identify report(s).
x Yes
☐ No
(3) 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?
¨ Yes x No
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.
|
EMCORE
Corporation |
|
|
(Name of Registrant as Specified
in Charter) |
|
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: August 12, 2024 |
By: |
/s/ Tom Minichiello |
|
|
Name: Tom Minichiello |
|
|
Title: Chief Financial Officer |
EMCORE (NASDAQ:EMKR)
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