SONG Akazoo SA

For Period Ended:     December 31, 2019            

¨ Transition Report on Form 10-K

¨ Transition Report on Form 20-F

¨ Transition Report on Form 11-K

¨ Transition Report on Form 10-Q

¨ Transition Report on Form N-SAR

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

Akazoo S.A.

Full Name of Registrant

Modern Media Acquisition Corp S.A.

Former Name if Applicable

19 Rue de Bitbourg

Address of Principal Executive Office (Street and Number)

L-1273 Luxembourg

Grand Duchy of Luxembourg

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)

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 a Report on Form 6-K dated April 23, 2020, the Board of Directors (the “Board”) of Akazoo S.A. (the “Company”) has formed a special committee of independent directors (the “Special Committee”) to investigate the allegations in a report released by Quintessential Capital Management on April 20, 2020, with the assistance of outside counsel and forensic and technical accounting advisors.

Also as previously disclosed in a Report on Form 6-K dated May 1, 2020, the Special Committee has been unable to verify certain operational and financial information previously reported by the Company. Accordingly, the Special Committee has concluded that the consolidated financial statements (i) of Akazoo Limited for the years ended December 31, 2018, 2017 and 2016 (and any interim periods therein) audited by the Company’s former independent registered public accounting firm included or incorporated by reference in the Company’s Shell Company Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) on September 17, 2019; (ii) of Akazoo Limited for the three- and six-month periods ended June 30, 2019 and 2018 included in the Company’s Report on Form 6-K furnished to the SEC on September 27, 2019; and (iii) of the Company for the three- and nine-month periods ended September 30, 2019 and 2018 included in the Company’s Report on Form 6-K furnished to the SEC on December 9, 2019 should no longer be relied upon due to the possibility that such financial statements contain material errors. The work of the Special Committee is continuing.

As a result of the foregoing, and due to the additional time needed for management to prepare the financial statements to be included in the Form 20-F for the year ended December 31, 2019 (the “Form 20-F”) and for the Company’s independent auditors to complete the audit of such financial statements, the Company was unable to file the Form 20-F by April 30, 2020, without unreasonable effort or expense.

PART IV — OTHER INFORMATION

(1)  Name and telephone number of person to contact in regard to this notification

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.

The Special Committee investigation is ongoing, and we are unable to provide a reasonable estimate of our results of operations for the year-ended December 31, 2019. As a result, we are unable to estimate what significant changes will be reflected in our 2019 results of operations compared to our 2018 results of operations.

Cautionary Note Regarding Forward-Looking Statements

This Form 12b-25 contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, the Company’s expectations as to when it will be in a position to finalize its audited financial statements, to file its Annual Report and whether there will be any significant change in its previously reported results of operations.

These forward-looking statements involve risks and uncertainties, and actual results could vary materially from these forward-looking statements. Factors that may cause future results to differ materially from management’s current expectations include, among other things, the discovery of additional information relevant to the internal investigation; the conclusions of the special committee (and the timing of the conclusions) concerning matters relating to the internal investigation; the timing of the review by, and the conclusions of, the Company’s independent registered public accounting firm regarding the internal investigation and the Company’s financial statements; the possibility that additional allegations may be made or issues are uncovered as a result of the internal investigation; and the risk that the completion and filing of the Annual Report will take longer than expected. The Company disclaims any obligation to update information contained in these forward-looking statements whether as a result of new information, future events, or otherwise.

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

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