Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
November 15 2018 - 7:13AM
Edgar (US Regulatory)
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
FORM
12b-25
Commission
File Number 001-36615
NOTIFICATION
OF LATE FILING
(Check
One):
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☐
Form
10-K
|
☐ Form
20-F
|
☐
Form
11-K
|
☒
Form
10-Q
|
☐
Form
10-D
|
☐
Form
N-SAR
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☐
Form
N-CSR
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|
For
Period Ended:
September 30, 2018
|
|
|
|
☐
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: _________________
|
Read
instruction (on back page) before preparing form. Please print or type.
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
GWG
Holdings, Inc.
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Full
name of registrant
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|
|
Former
name if applicable
|
|
220
South Sixth Street, Suite 1200
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Address
of principal executive office
(Street and number)
|
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Minneapolis,
MN 55402
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City,
state and zip code
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PART
II
RULE
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.)
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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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☒
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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, 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
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|
|
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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 why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR or the transition report or portion thereof, could
not be filed within the prescribed time period.
The
Registrant was not able to complete its financial statements as of and for the nine months ended September 30, 2018 and have them
reviewed by the Registrant’s independent auditor within the prescribed time period without unreasonable effort and expense.
In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, the Registrant will file its Form 10-Q no later than the
fifth calendar day following the prescribed due date.
PART
IV
OTHER
INFORMATION
(1)
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Name
and telephone number of person to contact in regard to this notification
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William
Acheson
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612
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746-1944
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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 the 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 statements to be included in the subject report or portion thereof. ☒ Yes ☐ 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.
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Revenue
for the three months ended September 30, 2018 amounted to approximately $16.7 million, as compared to approximately $14.7
million for the three months ended September 30, 2017. Net (loss) attributable to common shareholders for the three
months ended September 30, 2018 amounted to approximately $(14.8) million, as compared to approximately $(7.6) million for
the three months ended September 30, 2017, due primarily to an increase in total expenses during the three months ended
September 30, 2018.
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GWG
Holdings, 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:
November 14, 2018
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By:
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/s/
William Acheson
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Name:
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William
Acheson
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Title:
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Chief
Financial Officer
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ATTENTION
Intentional
misstatements or omissions of fact constitute Federal Criminal Violations (see 18 U.S.C. 1001).
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3
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