PGAS Petrogress Inc (CE)

Item 8.01 – Other Events

Petrogress, Inc. (the “Company”) previously announced that it expected to file its Annual Report on Form 10-K for the year ended December 31, 2020 (“Annual Report”) within the extension period afforded by Rule 12-b-25. However, the Company was unable to file the Annual Report by April 15, 2021 due to unanticipated delays in assembling all information required to prepare and be included in the Annual Report, including without limitation the Company’s audited financial statements for its fiscal year ended December 31, 2020. These delays are related to COVID-19 restrictions and lockdown periods imposed for the last seven months in the countries where the Company conducts its operations. On April 15^th 2021 the Company filed an 8-K announcing a new estimated filing date for May 10, 2021. Despite the efforts of management, the company is unable to fulfil and complete its financial statements as the countries where the Company primarily conducts its business operations still remains on lockdown, following the public health orders and guidelines issued by local authorities in Greece. The offices still remain closed as a result of the outbreak until late May 2021. The Company is optimistic that the audit of the Company’s financial statements will be completed in the next month and the Annual Report will be filed with the U.S. Securities and Exchange Commission by June 30, 2021.

Cautionary Statement Regarding Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements. All statements that address operating performance, events or developments that the Company expects or anticipates will occur in the future are forward-looking statements. These forward-looking statements are based on management’s beliefs and assumptions and on information currently available to the Company’s management. The Company’s management believes that these forward-looking statements are reasonable as and when made. However, you should not place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results, events and developments to differ materially from the registrant’s historical experience and its present expectations or projections. These risks and uncertainties include, but are not limited to, those described from time to time in other reports which we file with the U.S. Securities and Exchange Commission, and other risks and uncertainties including, without limitation, disclosures to be made in the Company’s Annual Report and the possibility that actual net loss, revenue, and/or expenses for the year ended December 31, 2020 are different from the estimates provided herein.