Notification That Annual Report Will Be Submitted Late (nt 10-k)
01 April 2021 - 9:05PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
12b-25
NOTIFICATION
OF LATE FILING
SEC
FILE NUMBER: 00055976
CUSIP
NUMBER: 692732100
(Check One):
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[X]
Form 10-K [ ] Form 20-F [ ] Form 11-K [ ] Form 10-Q [ ]
Form N-SAR [ ] Form N-CSR
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For
Period Ended: December 31, 2020
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[ ]
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Transition
Report on Form 10-K
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[ ]
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Transition
Report on Form 20-F
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[ ]
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Transition
Report on Form 11-K
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[ ]
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Transition
Report on Form 10-Q
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[ ]
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Transition
Report on Form N-SAR
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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.
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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
Ozop
Energy Solutions, Inc.
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Full
Name of Registrant
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Former
Name if Applicable
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26
N. Main St.
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Address of Principal Executive Office (Street and Number)
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Florida,
NY 10921
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City,
State and Zip Code
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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)
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(a)
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The
reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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[X]
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(b)
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The
subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR 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 of 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
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(c)
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The
accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART
III — NARRATIVE
State
below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion
thereof, could not be filed within the prescribed time period.
The Company is unable to file, without unreasonable effort or expense,
its Annual Report on Form 10-K for the year ended December 30, 2020. Additional time is needed for the Company to compile and analyze
supporting documentation in order to complete the Form 10-K and in order to permit the Company’s independent registered public
accounting firm to complete its audit. In accordance with Rule 12b-25 of the Securities Exchange
Act of 1934, the Company will file its Form 10-K no later than the fifteenth calendar day following the prescribed due date.
PART
IV— OTHER INFORMATION
(1)
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Name
and telephone number of person to contact in regard to this notification
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Brain
Conway
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(845)
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544-5112
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(Name)
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(Area
Code)
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(Telephone
Number)
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(2)
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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).
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(3)
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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?
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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 registrant anticipates a significant change
in its results of operations for the year ended December 30, 2020, as compared to the year ended December 30, 2019. The registrant
anticipates a significant change in its results of operations for the year ended December 30, 2020, as compared to the year ended
December 30, 2019, as this is the first annual report the registrant is filing
following the completion of the stock purchase agreement entered into with Power Conversion Technologies, Inc.(“PCTI”)
on July 10, 2020. This report will have the combined financial statements since the date of the PCTI transaction and a reasonable
estimate of the results of operations could not be made as of the current date as the registrant’s accountants are still
auditing the registrant’s results of operations.
Ozop Energy 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:
April 1, 2021
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/s/
Brain Conway
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By:
Brian Conway
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Its:
Chief Executive Officer
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