Item 8.01 - Oher Events.
On March
4, 2020, the U.S. Securities and Exchange Commission (the “SEC”) issued an order (Release No. 34-88318) under Section
36 of the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), granting exemptions from specified provisions of the Exchange Act and certain rules thereunder. On March 25, 2020,
the order was modified and superseded by a new SEC order (Release No. 34-88465) that provides conditional relief to public companies
with respect to their filing requirements as a result of the recent coronavirus (“COVID-19”) outbreak (the “SEC
Order”).
Bakhu Holdings, Corp. (the “Company”,
“Bakhu”, "we" or "our") will be relying on the SEC Order related to the timing of the filing of
its Quarterly Report on Form 10-Q for the quarter ended April 30, 2020 (the "Quarterly Report") due to circumstances related
to the COVID-19 outbreak.
As a result of COVID-19, Bakhu has been
following the recommendations of health authorities to minimize exposure risk, and limited access to the Company’s facilities
resulting in limited support from its staff, and professional advisors who have also taken similar precautons. This has impacted
the normal interactions and collaborations among Bakhu’s accounting, financial reporting personnel and legal counsel involved
with the completion of the quarterly review and preparation of the Quarterly Report.
Although the Company can provide no assurance,
Bakhu does plan to file the Quarterly Report or or before June 30, 2020, but, in any event, no later than July 28, 2020, which
is 45 days from the Quarterly Report’s original filing deadline of June 15, 2020. If the Quarterly Report is filed
by July 28, 2020, the filing will be deemed timely by the SEC.
In light of the current
COVID-19 pandemic, the Company will be including the following Risk Factor in its Report.
A pandemic, epidemic or outbreak of an infectious disease,
such as COVID-19, may materially and adversely affect our business and operations, and our ability to complete financial reports
to enable us to comply with our reporting obligation under the Exchange Act.
The occurrence of a
pandemic, epidemic, or outbreak of an infectious disease including the recent outbreak of respiratory illness caused by a novel
coronavirus (COVID-19), and efforts to contain the spread of the such a pandemic, epidemic, or outbreak, which includes social
distancing, travel bans and quarantine, could limited access to our facilities, management, support staff and professional advisors.
These, in turn, could impact our operations, financial condition, development work and demand for our products and services, and
our overall ability to react timely to mitigate the impact of such an event. These factors could substantially hamper our efforts
to provide our investors with timely information and comply with our filing obligations with the Securities and Exchange Commission.