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. 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]