M&A - FORMATION MINERALS, INC.

Form Type: NT 10-Q

Filing Date: 2025-03-18

Corporate Action: Merger

Type: Update

Accession Number: 000101376225000568

Filing Summary: Formation Minerals, Inc. is unable to file its Quarterly Report on Form 10-Q for the period ended January 31, 2025 due to the need for additional time to prepare and review financial statements. The Company expects to file the report within the 5 calendar day extension period granted by Rule 12b-25. A significant change in results of operations is anticipated due to the merger completed on May 9, 2024, with Verde Bio Holdings, Inc. This merger was treated as a reverse acquisition, affecting how the Company's financial results will be reported moving forward. The Company is currently unable to quantify the expected changes in results due to this delay in preparation of its financial statements.

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