Notification That Quarterly Report Will Be Submitted Late (nt 10-q)
May 18 2021 - 4:11PM
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-CEN ☐ Form N-CSR
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For
Period Ended:
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March
31, 2021
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☐
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Transition
Report on Form 10-K
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☐
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Transition
Report on Form 20-F
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☐
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Transition
Report on Form 11-K
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☐
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Transition
Report on Form 10-Q
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For
the Transition Period Ended:
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Read
Instructions (on back page) Before Preparing Form. Please Print or Type.
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Nothing
in this form shall be construed to imply that the Commission 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:
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PART
I — REGISTRANT INFORMATION
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GWG
Holdings, Inc.
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Full
Name of Registrant.
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Former
Name if Applicable
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325
N. St. Paul Street, Suite 2650
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Address
of Principal Executive Office (Street and Number)
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Dallas,
Texas 75201
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City,
State and Zip Code:
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PART
II — RULES 12b-25(b) AND (c)
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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
reason 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-CEN 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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(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
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State
below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition
report or portion thereof, could not be filed within the prescribed time period.
GWG
Holdings, Inc. (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the period ended March 31, 2021
(the “Form 10-Q”) within the prescribed time period because the Company requires additional time to complete its financial
statements and related disclosures to be included in the Form 10-Q. On April 1, 2021, the Company filed with the Securities and Exchange
Commission a Form 12b-25, Notification of Late Filing, with regard to its Annual Report on Form 10-K for the fiscal year ended December
31, 2020 (the “Form 10-K”) because the Company required additional time to complete its financial statements and related
disclosures. The Company has not finalized its financial statements for the Form 10-K, and the Company is not in a position to file
its Form 10-Q until after the financial statements for the Form 10-K have been finalized.
The
Company currently is not certain whether it will be able to file its Form 10-Q within the five-calendar day extension period provided
under Rule 12b-25.
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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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Timothy
Evans
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(267)
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258-2856
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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).
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Yes
☐ No ☒
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Annual
Report on Form 10-K for the fiscal year ended December 31, 2020
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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?
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Yes ☐ No ☒
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Note:
This Form 12b-25 contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act
of 1995 that involve risks and uncertainties. Such forward-looking statements include, but are not limited to, statements relating to
the timing of the filing of the Form 10-Q. There can be no assurance that these forward-looking statements will be achieved, and actual
results could differ materially from those suggested by the forward-looking statements. Therefore, the forward-looking statements in
this Form 12b-25 should be considered in light of the risks and uncertainties that attend such statements. The Company makes no commitment
to revise or update any forward-looking statements in order to reflect events or circumstances after the date any such statement is made,
except as required by law.
GWG
Holdings, Inc.
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(Name
of Registrant as Specified in Charter)
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has
caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
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Date:
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May
18, 2021
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By:
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/s/ Timothy
Evans
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Timothy
Evans
Chief Financial
Officer
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3
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