Company Announcement - Above Food Ingredients Inc. received a staff determination letter from Nasdaq indicating non-compliance with Listing Rule 5250(c)(2) due to a delay in filing interim financial statements for the six-month period ended July 31, 2025 [1] - The interim financial statements have been completed and will be filed within one week after the audited annual financial statements included in the Company's Form 20-F are submitted [2] - The Company is in the final stages of the audit process and expects to file the Form 20-F imminently, which will allow for the timely filing of the interim financial statements and restore compliance with Nasdaq requirements [2][3] Company Overview - Above Food Ingredients Inc. is an agricultural and food technology company focused on creating a healthier world by addressing global hunger through innovative solutions [4] - The Company leverages artificial intelligence-driven genomics and agronomy, along with proprietary seed development capabilities, to enhance its plant protein supply chain [4]

Core Insights - Above Food Ingredients Inc. (NASDAQ:ABVE) has raised its profit guidance for FY2026 to over $40 million from the previous estimate of $30 million, attributing this to improved operations from restructuring [1][2] - The company is facing delays in its FY2025 audit due to team illnesses and the holiday season, leading to a request for a 180-day extension from NASDAQ for its Form 20-F filing [2][3] - The company has eliminated all corporate debt and appointed a new auditor with expertise in digital asset tokenization and stablecoin infrastructure [3] Company Overview - Above Food Ingredients Inc. is a vertically integrated plant-based food company that develops, manufactures, and distributes sustainable ingredients and consumer products [4] - Its operations encompass regenerative agriculture, seed genetics, ingredient processing, and branded consumer goods [4]

Core Viewpoint - Above Food Ingredients Inc. is on track to report its audited financial results for the fiscal year ended January 31, 2025, by the end of January 2026, which is crucial for its merger with Palm Global [1][2] Financial Reporting and Compliance - The company has received a Staff Determination Letter from Nasdaq regarding its compliance with Listing Rule 5250(c)(1) and has requested a 180-day extension for filing its Form 20-F, which is expected to be granted [2] - Above Food anticipates filing its audited financial results within January 2026, regaining full compliance ahead of the extension period [2] Restructuring and Financial Health - During the fiscal year ended January 31, 2025, Above Food completed a restructuring of its legacy business, resulting in a strengthened balance sheet for the fiscal year ending January 31, 2026, which positions the company for sustainable growth and improved capital efficiency [3] - The company expects to deliver strong profitability for the fiscal year ending January 31, 2026, meeting or exceeding its previously announced profit target due to the benefits of restructuring and operational discipline [4] Merger with Palm Global - The planned merger with Palm Global is expected to proceed to final closing shortly after the filing of the financial results, which is seen as a significant catalyst for growth and shareholder value [5] - Palm Global's digital-currency and asset-tokenization ecosystem, combined with its valuable gold and metals-based assets, is anticipated to unlock transformative growth for Above Food [5] Management Commentary - The Chief Financial Officer of Above Food emphasized the importance of completing the audit responsibly and confirmed that a significant amount of audit work has already been completed without any known issues or disagreements with auditors [6]

Core Viewpoint - Pomerantz LLP is investigating claims on behalf of investors of Above Foods Ingredients Inc. regarding potential securities fraud or unlawful business practices by the company and its officers or directors [1]. Group 1: Company Developments - On December 2, 2025, Above Food disclosed that its auditor had resigned in July at the company's request [3]. - Following the auditor's resignation announcement, Above Food's stock price fell by $0.23 per share, or 7.67%, closing at $1.69 per share on December 19, 2025 [3]. Group 2: Legal Context - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of fighting for victims of securities fraud and corporate misconduct [4].

Core Viewpoint - The Portnoy Law Firm has initiated an investigation into Above Food Ingredients, Inc. for possible securities fraud and may file a class action on behalf of investors [1]. Group 1: Company Developments - On December 2, 2025, Above Food disclosed that its auditor had resigned at the company's request in July, leading to a stock price decline of $0.17, or 6.1%, closing at $2.60 per share [3]. - On December 12, 2025, Above Food announced that the timetable for its fiscal year 2025 audit was impacted by illness-related challenges, resulting in a further stock price drop of $1.33, or 43.04%, closing at $1.76 per share on December 15, 2025 [4]. Group 2: Legal Actions - Investors are encouraged to contact the Portnoy Law Firm to discuss their legal rights and options for pursuing claims to recover losses [2]. - The Portnoy Law Firm has a history of recovering over $5.5 billion for investors affected by corporate wrongdoing [5].

Core Viewpoint - Glancy Prongay & Murray LLP has initiated an investigation into Above Food Ingredients Inc. regarding potential violations of federal securities laws affecting investors [1] Company Summary - Above Food Ingredients Inc. is listed on NASDAQ under the ticker ABVE [1] - The investigation is aimed at assessing the company's compliance with federal securities regulations [1] Investor Implications - Investors who have incurred losses on Above Food Ingredients Inc. are encouraged to inquire about pursuing claims to recover their losses [1]

Core Viewpoint - The Law Offices of Frank R. Cruz is investigating Above Food Ingredients Inc. for potential violations of federal securities laws, indicating concerns regarding the company's compliance and financial practices [1]. Group 1 - The investigation is initiated on behalf of investors who may have suffered financial losses related to Above Food Ingredients Inc. [1] - The company disclosed information on December 2, 2025, which is central to the investigation [1].

Core Insights - Above Food Ingredients Inc. is progressing well with its audit for the fiscal year ending January 31, 2025, despite some delays due to illness-related challenges within the audit team [1][2] - The company has raised its profit guidance for fiscal 2026 to over $40 million, up from a previous expectation of $30 million, indicating strong financial performance [3] Audit Progress - The audit is expected to be completed shortly after the new year, with the company applying for a 180-day extension from Nasdaq due to the delays [2] - The strong working relationship with auditors has been emphasized, highlighting their sector expertise [1] Financial Performance - Above Food anticipates a significant increase in profit for fiscal 2026, projecting over $40 million, which reflects a 33.33% increase from the earlier forecast of $30 million [3]

Core Insights - Above Food Ingredients Inc. is undergoing significant corporate changes, including an ongoing audit, restructuring, and a merger with Palm Global, aimed at enhancing shareholder value and operational efficiency [1][5]. Audit Progress - The company has appointed a new auditor with expertise in digital asset tokenization, and the audit is on track for completion with a targeted Form 20F filing by December 12, 2025 [2]. Restructuring Achievements - A comprehensive restructuring program has been implemented, resulting in the elimination of all corporate debt and positioning the company to deliver over $30 million in profit for the fiscal year ending January 31, 2026 [3][7][6]. Merger Integration - The operational relationship with Palm Global has strengthened, with senior executive teams collaborating effectively, which has accelerated the merger process [4][8]. Future Outlook - The company anticipates releasing further announcements regarding key milestones and next steps in the merger process, expressing optimism about long-term value creation for shareholders [5][6].

Core Insights - Above Food Ingredients Inc. has announced a strategic partnership with Palm Global Technologies and its subsidiary Palm Promax Investments LLC, focusing on the adoption of a gold- and mineral-backed stablecoin in Burkina Faso [1][4] - The government of Burkina Faso has pledged up to $8 trillion in gold and mineral assets to support this initiative, marking a significant shift in the country's financial landscape [2][5] Group 1: Partnership and Joint Venture - The partnership was formally announced at the UAE 2030 National Vision event, highlighting the collaboration's strategic importance [3][4] - This joint venture aims to leverage advanced tokenization technologies to mobilize Burkina Faso's mineral wealth, promoting economic growth and innovation [5][6] Group 2: Economic Impact and Development Initiatives - The initiative will enable the transparent quantification and monetization of Burkina Faso's natural resources, positioning the nation as a leader in sovereign digital finance [5][6] - Key sectors targeted for development include mining, infrastructure, agriculture, healthcare, and education, which are expected to benefit from this partnership [8][9] Group 3: Vision and Future Prospects - Burkina Faso's leadership views this agreement as a pivotal moment for the nation, allowing it to take control of its economic destiny through resource tokenization [7][13] - The initiative is seen as the first step in a broader movement among African nations to adopt asset-backed digital currencies, enhancing trade and macroeconomic stability [11][12]