Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB
16 August 2024 - 6:05AM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
(Check
one): |
☐
Form 10-K ☐ Form 20-F ☐ Form 11-K ☒ Form 10-Q ☐ Form 10D ☐ 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:__________________________________________________ |
Read
Instruction (on back page) Before Preparing Form. Please Print or Type.
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
Pioneer
Power Solutions, Inc. |
Full
Name of Registrant |
|
|
Former
Name if Applicable |
|
400
Kelby Street, 12th Floor |
Address
of Principal Executive Office (Street and Number) |
|
Fort
Lee, New Jersey 07024 |
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)
☐ |
(a) |
The
reason 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.
Pioneer Power Solutions, Inc. (the “Company”) is unable, without
unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2024 (the “Q2
Form 10-Q”), within the prescribed time period due to delays in compiling information required to be included in the Company’s
Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024 (the “Q1 Form 10-Q”), including information relating
to the preparation of its unaudited interim consolidated financial statements. As a result of the delay in filing the Q1 Form 10-Q, the
Company will be delayed in filing its Q2 Form 10-Q. The Company intends to file both the Q1 Form 10-Q and Q2 Form 10-Q as soon as practicable
after the completion of the Company’s financial statements and disclosures review.
PART
IV – OTHER INFORMATION
(1) |
Name
and telephone number of person to contact in regard to this notification |
|
Walter
Michalec |
|
(201) |
|
942-4474 |
|
(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 answer is no, identify report(s). |
|
Yes
☐ No ☒ |
|
|
|
Annual Report on Form 10-K for the year ended December 31, 2023, and Quarterly
Report on Form 10-Q for the period ended March 31, 2024 |
(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
☐ 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. |
Pioneer
Power Solutions, Inc. |
(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 15, 2024 |
|
By:
|
/s/
Walter Michalec |
|
|
|
Name:
|
Walter
Michalec |
|
|
|
Title: |
Chief
Financial Officer |
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