Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
June 30 2020 - 9:29AM
Edgar (US Regulatory)
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12B-25
COMMISSION FILE NUMBER: 000-55648
NOTIFICATION OF LATE FILING
Check One:
|
☐
|
Form 10-K
|
|
☐
|
Form 20-F
|
|
☐
|
Form 11-K
|
|
☒
|
Form 10-Q
|
|
☐
|
Form 10-D
|
|
☐
|
Form N-SAR
|
|
☐
|
Form N-CSR
|
|
For Period Ended: March 31, 2020
|
|
|
|
|
o
|
Transition Report on Form 10-K
|
|
o
|
Transition Report on Form 20-F
|
|
o
|
Transition Report on Form 11-K
|
|
o
|
Transition Report on Form 10-Q
|
|
o
|
Transition Report on Form N-SAR
|
|
|
|
|
For the Transition Period Ended: N/A
|
Nothing in this form
shall be construed to imply that the Commission has verified any information contained herein.
If the notification
relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: N/A
|
PART
I.
|
REGISTRANT
INFORMATION.
|
The registrant is Innovative Payment Solutions,
Inc. (the “Company”). The address of the Company’s principal executive office is 19355 Business Center
Drive, #9, Northridge, CA 91324.
|
PART II.
|
RULES 12B-25 (B) AND (C)
|
If the subject report
could not be filed without unreasonable effort or expense and the Company seeks relief pursuant to Rule 12b-25(b), the following
should be completed. (Check appropriate box.)
☒ (a) The
reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
☒ (b) The
subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K, Form N-SAR or Form N-CSR, or portion
thereof will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report
or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before
the fifth calendar day following the prescribed due date; and
☐ (c) The
accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
The Company is unable
to file its Quarterly Report on Form 10-Q for its quarter ended March 31, 2020 by the prescribed date without unreasonable effort
or expense because the Company was unable to compile and review certain information required in order to permit the Company to
file a timely and accurate report on the Company’s financial condition. The Company believes that the quarterly report will
be completed and filed within the fifth day extension period provided under Rule 12b-25 of the Securities Exchange Act of 1934,
as amended.
|
PART IV.
|
OTHER
INFORMATION
|
(1)
Name and telephone number of person to contact in regard to this notification:
William
Corbett (818) 864-8404
(2) Have
all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding 12 months or for such shorter period that the Company was required to file such report(s)
been filed? If the answer is no, identify report(s).
☒ Yes ☐ No
(3) Is
it anticipated that any significant change in results of operations from the corresponding period for the last quarterly report
will be reflected by the earnings to be included in the subject report or portion thereof?
☐ Yes ☒ No
The Company is unable to file, without unreasonable
effort and expense, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 because the Company is still compiling
and reviewing information to complete the review of the financial statements for that period and the Company is unable to give
an estimate at this time.
Innovative Payment Solutions, Inc. has
caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
|
INNOVATIVE PAYMENT SOLUTIONS, INC.
|
|
|
|
Dated: June 29, 2020
|
By:
|
/s/ William Corbett
|
|
|
William Corbett
|
|
|
Chief Executive Officer
|
3
Innovative Payment Solut... (QB) (USOTC:IPSI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Innovative Payment Solut... (QB) (USOTC:IPSI)
Historical Stock Chart
From Apr 2023 to Apr 2024