M&A - OneSolution Technology Inc.

Form Type: NT 10-K

Filing Date: 2025-06-30

Corporate Action: Acquisition

Type: New

Accession Number: 000168316825004811

Filing Summary: OneSolution Technology Inc. has filed a notification of late filing for their Form 10-K for the fiscal year ending March 31, 2025. The primary reason cited for this delay is due to an acquisition of a new business that has resulted in ongoing staffing shortages, making it challenging to complete the annual report within the prescribed timeline. The company has indicated that they plan to file the 10-K report within fifteen days of the original due date, ensuring compliance with regulatory requirements. Additionally, a significant change in earnings is anticipated, with net revenues reported at approximately $76,921 for the year ending March 31, 2025, compared to $70,296 in the previous year. The company also noted a gain on the disposal of subsidiaries amounting to $2,513,875, leading to a net income of approximately $1,932,705, contrasting with a net loss of $1,513,242 in the prior year.