Amended Annual and Transition Report (foreign Private Issuer) (20-f/a)
August 08 2022 - 6:11AM
Edgar (US Regulatory)
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SECURITIES AND EXCHANGE COMMISSION
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REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 |
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ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2021
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from
to
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SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Date of event requiring this shell company report
For the transition period from
to
Commission file number:
001-40892
The Very Good Food Company Inc.
(Exact name of Registrant as specified in its charter)
(Translation of Registrant’s name into English)
(Jurisdiction of incorporation or organization)
2748 Rupert Street, Vancouver, British Columbia, Canada M4W 3P4
(Address of principal executive offices)
Matthew Hall, Interim Chief Executive Officer; Tel: (855)
526-9254
2748 Rupert Street, Vancouver, British Columbia, Canada M4W 3P4
(Name, Telephone,
E-mail,
and/or Facsimile number and Address of Company Contact Person)
Securities registered or to be registered pursuant to Section 12(b) of the Act:
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Name of each exchange on which registered |
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The Nasdaq Stock Market LLC |
Securities registered or to be registered pursuant to Section 12(g) of the Act:
Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:
Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report:
118,498,464 common shares as of December
Indicate by check mark whether Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒
If this report is an annual or transition report, indicate by check mark if Registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. Yes ☐ No ☒
Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Sections 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation
S-T
(§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐
Indicate by check mark whether Registrant is a large accelerated filer, an accelerated filer, a
non-accelerated
filer, or an emerging growth company. See definition of “accelerated filer”, “large accelerated filer”, and “emerging growth company” in
Rule 12b-2
of the Exchange Act.
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Large accelerated Filer ☐ |
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Accelerated Filer ☐ |
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If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐
Indicate by check mark which basis of accounting the Registrant has used to prepare the financial statements included in this filing:
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International Financial Reporting Standards as issued |
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Other ☐ |
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by the International Accounting Standards Board ☒ |
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If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item Registrant has elected to follow. Item 17 ☐ Item 18 ☐
If this is an annual report, indicate by check mark whether Registrant is a shell company (as defined in
Rule 12b-2
of the Exchange Act). Yes ☐ No ☒
This Amendment No. 1 on Form 20-F/A (this “Amendment No. 1”) to our Annual Report on Form 20-F for the year ended December 31, 2021, filed with the Securities and Exchange Commission on May 27, 2022 (the “Form 20-F”), is filed to (i) correct incorrect hyperlinking in Exhibits 4.5, 99.2 and 99.4, (ii) revise a footnote to the Exhibit Index, (iii) file Exhibits 99.1, 99.7, and 99.8 with this Amendment No. 1, and (iv) make other related changes.
This Amendment No. 1 speaks as of the filing date of the Form 20-F on May 27, 2022. Other than as set forth herein, this Amendment No. 1 does not, and does not purport to, amend, update or restate any other information or disclosure included in the Form 20-F or reflect any events that have occurred since May 27, 2022.
This Annual Report on Form
20-F
for the year ended December 31, 2021 (this “Annual Report”) of The Very Good Food Company Inc., a British Columbia company (the “Company”) consists of the following documents previously filed by the Company in accordance with applicable Canadian securities laws and have previously been filed on Form 6-K with the U.S. Securities and Exchange Commission (the “SEC”), and are incorporated by reference as exhibits to this Annual Report:
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The Company’s Annual Information Form for the fiscal year ended December 31, 2021, attached hereto as Exhibit 99.1; |
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The Company’s audited annual consolidated financial statements for the years ended December 31, 2021 and 2020, including the report of the independent registered public accounting firm with respect thereto, attached hereto as Exhibit 99.2; |
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The Company’s Management’s Discussion and Analysis for the years ended December 31, 2021 and 2020, attached hereto as Exhibit 99.3; |
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The Company’s audited annual consolidated financial statements for the years ended December 31, 2020 and 2019, together with the independent auditor’s report thereon and the notes thereto, attached hereto as Exhibit 99.4; |
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The independent auditor’s report in respect of the Company’s audited annual consolidated financial statements for the year ended December 31, 2019 and the notes thereto attached hereto as Exhibit 99.5; |
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The Company’s Management’s Discussion and Analysis for the years ended December 31, 2020 and 2019, attached hereto as Exhibit 99.6; |
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The Company’s Statement of Executive Compensation for the year ended December 31, 2021, attached hereto as Exhibit 99.7; and |
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The Company’s Management’s Discussion and Analysis of Financial Condition and Results of Operations for three months ended March 31, 2022 and 2021 (“Q1 2022 MD&A”), attached hereto as Exhibit 99.8. |
Set forth below is a cross-reference table to the applicable sections of Form
20-F:
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C ROSS R EFERENCE TO F ORM 20- F |
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Identity of Directors, Senior Management and Advisers |
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N/A |
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Offer Statistics and Expected Timetable |
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N/A |
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N/A |
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B. Capitalization and indebtedness |
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N/A |
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C. Reasons for the offer and use of proceeds |
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N/A |
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Information on the Company |
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A. History and development of the company |
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C. Organizational structure |
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D. Property, plant and equipment |
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Unresolved Staff Comments |
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N/A |
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Operating and Financial Review and Prospectus (1) |
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B. Liquidity and capital resources |
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99.3 |
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5, 17, 18, 21, 24- 26 |
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C. Research and development, patents and licenses, etc. |
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99.1 |
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10, 11, 18 |
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E. Critical Accounting Estimates |
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99.3 |
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27-29 |
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Directors, Senior Management and Employees |
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A. Directors and senior management |
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99.7 |
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1-9 |
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99.1 |
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17 |
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99.7 |
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9, 10 |
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Major Shareholders and Related Party Transactions |
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B. Related party transactions |
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C. Interests of experts and counsel |
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N/A |
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A. Consolidated statements and other financial information |
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99.8 |
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A. Offer and listing details |
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99.3 |
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4 |
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N/A |
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99.3 |
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4 |
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N/A |
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N/A |
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N/A |
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N/A |
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B. Memorandum and articles of association |
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2.2 |
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99.1 |
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99.1 |
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46 |
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99.1 |
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F. Dividends and paying agents |
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N/A |
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N/A |
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99.1 |
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18 |
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I. Subsidiary information |
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N/A |
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Quantitative and Qualitative Disclosures About Market Risk (1) |
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99.3 |
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Description of Securities Other than Equity Securities |
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N/A |
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Defaults, Dividend Arrearages and Delinquencies |
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N/A |
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Material Modifications to the Rights of Security Holders and Use of Proceeds |
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99.8 |
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16 |
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Controls and Procedures (2) (3) |
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N/A |
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Audit Committee Financial Expert |
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99.1 |
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55, 56 |
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99.1 |
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19 |
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Principal Accountant Fees and Services |
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99.1 |
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56 |
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Exemptions from the Listing Standards for Audit Committees |
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N/A |
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Purchases of Equity Securities by the Issuer and Affiliated Purchasers |
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N/A |
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Change in Registrant’s Certifying Accountant |
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99.1 |
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54-55 |
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N/A |
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Disclosure Regarding Foreign Jurisdictions that Prevent Inspections |
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N/A |
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(1) |
See also the Company’s Q1 2022 MD&A. |
(2) |
This Annual Report does not include a report of management’s assessment regarding internal control over financial reporting or an attestation report of the Company’s registered public accounting firm due to a transition period established by SEC rules for newly public companies. |
(3) |
See also “Disclosure Controls and Procedures” below. |
Disclosure Controls and Procedures
Management is responsible for establishing and maintaining a system of disclosure controls and procedures to provide reasonable assurance that all material information relating to the Company is gathered and reported to senior management, including the Chief Executive Officer (“
”) and the Chief Financial Officer (“
”), on a timely basis so that appropriate decisions can be made regarding public disclosure. Disclosure controls and procedures are designed to provide reasonable assurance that information required to be disclosed by the Company in its annual filings, interim filings or other reports filed or submitted by it under applicable securities laws, including under the U.S. Securities Exchange Act of 1934, as amended (the “
”), is recorded, processed, summarized and reported within the time periods specified by applicable securities laws, including within the time periods specified in the rules and forms of the SEC, and include controls and procedures designed to ensure that information required to be disclosed by the Company in its annual filings, interim filings or other reports filed or submitted under applicable securities laws is accumulated and communicated to the Company’s management, including its certifying officers, namely the CEO and CFO, as appropriate to allow timely decisions regarding public disclosure. An evaluation of the design of the Company’s disclosure controls and procedures, as defined in Rule
13a-15(e)
and Rule
15d-15(e)
under the U.S. Exchange Act, was carried out under the supervision of the CEO and CFO and with the participation of the Company’s management. Based on that evaluation, the CEO and CFO have concluded that the design and operation of these controls were not effective as of December 31, 2021 as a result of (1) the material weakness described in “Internal Controls Over Financial Reporting” of the Management’s Discussion and Analysis for the years ended December 31, 2021 and 2020, which is attached hereto as Exhibit 99.3 and (2) the inability to timely file this Annual Report.
There can be no assurance that the Company’s disclosure controls and procedures will detect or uncover all failures of persons within the Company to disclose material information otherwise required to be set forth in the Company’s regulatory filings.
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1.1 |
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1.2 |
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2.1 |
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2.2 |
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4.1 |
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4.2 |
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4.3 |
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Certain information has been excluded from this exhibit because the information is both not material and is the type of information that the Company treats as private and/or confidential. |
The Registrant hereby certifies that it meets all of the requirements for filing on
Form 20-F
and that it has duly caused and authorized the undersigned to sign this Annual Report on its behalf.
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THE VERY GOOD FOOD COMPANY INC. |
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Very Good Food (NASDAQ:VGFC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Very Good Food (NASDAQ:VGFC)
Historical Stock Chart
From Apr 2023 to Apr 2024
