Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
July 15 2020 - 8:01AM
Edgar (US Regulatory)
Form 12b-25. - NOTIFICATION OF LATE FILING
FORM 12b-25
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
(Check One): ☐ Form 10-K ☐ Form 20-F ☐ Form 11-K ☒ Form
10-Q ☐ Form N-SAR
For Period Ended: May 31, 2020
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Transition Report on Form 10-K
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Transition Report on Form 20-F
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Transition Report on Form 11-K
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Transition Report on Form 10-Q
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Transition Report on Form N-SAR
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For the Transition Period Ended: ______________________________________________________________________
Read Instruction (on back page)
Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed
to imply that the Commissions has
verified any information contained
herein.
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If the notification relates to a portion of the filing checked
above, identify the item(s) to which the notification relates:
PART I -REGISTRANT INFORMATION
Magna-Lab Inc.
Full Name of Registrant:
Former Name if Applicable
Address of Principal Executive Office (Street and Number)
1185 Avenue of the Americas, 3rd Floor
New York, New York 11036
City, State and Zip Code
PART II - Rules 12b.25(b) AND 9c)
If the subject report could not be filed without unreasonable
effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed.
(Check box if appropriate)
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☒
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(a)
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The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;
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(b)
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The subject annual report, semi-annual report, transition report on Form 10- K, Form 20-F, ll-K, Form N-SAR, 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 portion thereof will be filed on or before the fifth calendar day following the prescribed
due date; and
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(c)
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The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
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PART III - NARRATIVE
State below in reasonable detail the reasons why the Form
10-K, 11-K, 10-Q, N-SAR, or the transition report or portion thereof, could not be filed within the prescribed time period.
(Attach Extra Sheets if Needed):
Additional time is needed to complete the preparation and
auditors review of the quarterly report as of and for the three months ended May 31, 2020 due to limitations caused by the Company’s
very limited resources.
PART IV - OTHER INFORMATION
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(1)
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Name and telephone number of person to contact in regard
to this notification
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David Lazar
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646
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768-8417
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(Name)
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(Area Code)
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(Telephone Number)
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(2)
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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 registrant was required to file such report(s) been filed? If answer is no, identify
report(s). ☒ Yes ☐ No
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(3)
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Is it anticipated that any significant change in results
of operations from the corresponding period for the last fiscal year will be reflected by the earnings statement to be included
in the subject report or portion thereof? No.
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If so, attach an explanation of the anticipated change,
both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot
be made.
Magna-Lab
Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by
the undersigned hereunto duly authorized.
Date: July 15, 2020
By /s/ Kenneth C. Riscica, Treasurer and Secretary (principal
financial officer)
INSTRUCTION: The form may be signed by an executive officer
of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed
or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other
than an executive officer), evidence of the representative’s authority to sign on behalf of the registrant shall be filed
with the form.
ATTENTION
Intentional misstatements
or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001)