Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
October 16 2020 - 2:54PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
12b-25
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: August 31, 2020
☐
|
Transition Report on Form 10-K
|
☐
|
Transition Report on Form 20-F
|
☐
|
Transition Report on Form 11-K
|
☐
|
Transition Report on Form 10-Q
|
☐
|
Transition Report on Form N-SAR
|
For
the Transition Period Ended:
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:
PART
I -- REGISTRANT INFORMATION
AURA
SYSTEMS, INC.
Full
Name of Registrant
N/A
Former
Name if Applicable
10541
Ashdale Street
Address
of Principal Executive Office (Street and Number)
Stanton,
CA 90680
City,
State and Zip Code
PART II – RULES 12b-25(b) AND (c)
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.)
|
(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, Form 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.
|
PART
III – NARRATIVE
State
below in reasonable detail why the Form 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR or the transition report portion thereof, could
not be filed within the prescribed time period.
Aura
Systems, Inc. (the “Company”) will be unable to file its Quarterly Report on Form 10-Q for the three months ended
August 31, 2020 (the “August 31, 2020 Form 10-Q”) by the prescribed due date because the Company will not be able
to timely complete its financial statements without unreasonable effort or expense. This delay principally relates to the Company
continuing to experience disruption of business operations due to the unprecedented conditions surrounding the outbreak of the
COVID-19 pandemic, which have caused delays in the Company’s business and administrative operations. The Company currently
expects to file the August 31, 2020 Form 10-Q within the five-day extension period provided under Rule 12b-25 of the Securities
Exchange Act of 1934, as amended.
Forward-Looking
Statements
This
notification contains “forward-looking statements.” These statements are “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements reflect management’s current
expectations based on currently available operating, financial and competitive information, but are subject to risks, uncertainties
and assumptions that could cause actual results to differ materially from those anticipated in or implied by the forward-looking
statements. Our forward-looking statements are generally identified with words such as “anticipate,” “believe,”
budgeted,” “continue,” “could,” “estimate,” “expect,” “forecast,”
“goal,” “intend,” “may,” “objective,” “plan,” “potential,”
“predict,” “projection,” “scheduled,” “should,” or other similar words. Risks,
uncertainties and assumptions that could affect our forward-looking statements include, among other things the risk related to
the impact of the COVID-19 pandemic in geographic regions or markets served by us, or where our operations are located, including
the risk of global recession and the other risk factors that have been listed from time to time in the Company’s SEC reports,
including but not limited to the Company’s Annual Report on Form 10-K for the year ended February 29, 2020, and will be
listed from time to time in the Company’s SEC reports.
All
forward-looking statements included in this notification should be considered in the context of these risks. Except as required
by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information,
future events or otherwise. Investors and prospective investors are cautioned not to place undue reliance on such forward-looking
statements.
PART
IV – OTHER INFORMATION
(1)
|
Name and telephone number
of person to contact in regard to this notification:
|
Cipora
Lavut, President
|
|
310
|
|
643-5300
|
Name
|
|
(Area Code)
|
|
(Telephone Number)
|
(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 registrant was required to file such report(s) been filed?
If the answer is no, identify report(s).
|
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☒ Yes ☐
No
|
|
|
|
(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 statements
to be included in the subject report or portion thereof?
|
|
☐ Yes ☒ No
|
|
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.
2
AURA
SYSTEMS, INC.
(Name
of Registrant as Specified in Charter)
Has
caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
Date: October
16, 2020
|
By:
|
/s/
Cipora Lavut
|
|
|
Cipora Lavut
|
|
|
President
|
3
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