M&A: EMCORE CORP
Form Type: NT 10-K
Filing Date: 2024-12-30
Corporate Action: Merger
Type: New
Accession Number: 000110465924132488
Comments: EMCORE Corporation has notified the SEC that it was unable to file its Annual Report on Form 10-K for the year-end period of September 30, 2024 due to the complexities associated with a recent merger and restructuring. The company had previously announced a restructuring program involving facility closures and staff reductions. Furthermore, on November 7, 2024, EMCORE entered into a Merger Agreement with Velocity One Holdings, LP, Aerosphere Power Inc., and Velocity Merger Sub, Inc., whereby EMCORE will merge with Merger Sub and become an indirect wholly owned subsidiary of Parent. Due to these ongoing changes and the necessary adjustments to its financial statements, the company could not complete its financial closure in a timely manner. EMCORE expects to file the Form 10-K within the 15-calendar day extension provided by Rule 12b-25.
Document Link: View Document
Additional details:
Reason For Late Filing: Unable to complete financial statement close process due to restructuring and merger.
Merger Agreement Date: 2024-11-07
Merger Parties: EMCORE, Velocity One Holdings, LP, Aerosphere Power Inc., Velocity Merger Sub, Inc.
Proposed Transaction: EMCORE to merge with Velocity Merger Sub, becoming a wholly owned subsidiary of Velocity One Holdings.
Fiscal Year End: 2024-09-30