Form 8-K - Current report
20 Agosto 2024 - 6:30AM
Edgar (US Regulatory)
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0001566243
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2024-08-20
2024-08-20
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
DC 20549
FORM
8-K
CURRENT REPORT
Pursuant
to Section 13 or 15 (d) of the Securities
Exchange Act of 1934
Date
of Report (date of earliest event reported): August 20, 2024
ARAX
HOLDINGS CORP.
(Exact
name of Registrant as specified in its charter)
Nevada |
|
333-185928
|
|
99-0376721 |
(State or other
jurisdiction of incorporation or organization) |
|
(Commission File
Number) |
|
(IRS employer
identification no.) |
820
E Park Ave, Bld. D200
Tallahassee, Florida |
|
32301 |
(Address of principal
executive offices) |
|
(Zip Code) |
Registrant’s
telephone number, including area code:
850
254 1161
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which
registered |
None |
|
|
|
|
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant
under any of the following provisions:
|
☐ |
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
|
|
☐ |
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this
chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
8.01 Other Events.
On
behalf of Arax Holdings Corp. (the "Registrant"), this current report on Form 8-K is furnished to disclose recent updates
regarding the delay in completing the review of the Registrant's quarterly report for the second quarter ending April 30, 2024,
and the shift of the Registrant’s stock to the OTC Expert Markets.
The
recent shift of Arax Holdings Corp. (ARAT) stock to the OTC Expert Market has caused some confusion among investors, but it's
important to clarify what this means and what it doesn't. The move to the Expert Market occurred because the company's 10-Q filing
is not yet ready. This delay is largely due to the complications arising from dealing with a previously sanctioned auditor by
the SEC, leaving over 350 companies without proper financial records. Arax Holdings has since engaged a new auditor, who is tasked
with the monumental job of redoing all previous filings and audits. This process is understandably time-consuming
Despite
this situation, it's crucial to note that Arax Holdings Corp. is *not* delisted. The company's stock is still tradable and listed,
but because current financial information isn't available, the OTC Markets has restricted public price quotes. Instead, pricing
information is now accessible only to brokers and market makers. This action ensures some level of market transparency even while
the company's filings are being updated. Investors can still buy or sell ARAT stock, but should consult with their brokers for
the most up-to-date pricing and trading information.
For
further context, the Expert Market allows for limited quoting and is different from the Grey Market, where there are no public
quotes at all. This means that while public visibility is reduced, trading activity continues in a regulated environment
The
Registrant is working diligently with the auditors to provide an accurate and complete report that can be relied upon by the public.
Shareholders and interested parties may direct inquiries or comments to investors@arax.cc.
Item
9.01 Financial Statements and Exhibits.
None
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.
|
Arax Holdings Corp. |
|
|
|
Dated: August
20, 2024 |
By: |
/s/ Christopher D. Strachan |
|
|
Christopher D.
Strachan |
|
|
Chief Financial
Officer |
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Arax (PK) (USOTC:ARAT)
Gráfica de Acción Histórica
De Jul 2024 a Ago 2024
Arax (PK) (USOTC:ARAT)
Gráfica de Acción Histórica
De Ago 2023 a Ago 2024