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]
Above Food Ingredients Inc. Confirms January 2026 Release of Audited Fiscal 2025 Results, Highlights Strong Profitability and Clean Balance Sheet, and Announces Clear Path to Completion of Palm Global Merger