IFNY Infinity Energy Resources Inc (QB)

Item 8.01 OTHER EVENTS

Infinity Energy Resources, Inc. (the “Company”) will be further delayed in the filing of its Annual Report on Form 10-K for the year ended December 31, 2019 (the “Report”) due to the circumstances related to COVID-19. The Company previously timely filed Form 12b-25, Notification of Late Filing to extend the due date of its Annual Report on Form 10-K to April 14, 2020 and believed that it would be in a position to file its Report in the time required by Form 12b-25. However, COVID-19 has caused severe disruptions in Company operations including limited access to and support from its staff and professional advisors. This has, in turn, delayed the Company’s ability to complete its audit and prepare the Report. Notwithstanding the foregoing, the Company expects to file the Report no later than May 29, 2020 (which is 45 days from the Report’s extended filing deadline of April 14, 2020). In light of the current COVID-19 pandemic, the Company will be including the following Disclosures in its Report:

COVID – 19 Pandemic

The financial statements contained in this Report as well as the description of our business contained herein, unless otherwise indicated, principally reflect the status of our business and the results of our operations as of December 31, 2019. Since that date, economies throughout the world have been severely disrupted by the effects of the quarantines, business closures and the reluctance of individuals to leave their homes as a result of the outbreak of the coronavirus (COVID-19) and this may limit access to our management, support staff and professional advisors. In particular, the oil and gas market has been severely impacted by the negative effects of the coronavirus because of the substantial and abrupt decrease in the demand for oil and gas globally. In addition, the capital markets have been disrupted and our efforts to raise necessary capital will likely be adversely impacted by the outbreak of the virus and we cannot forecast with any certainty when the disruptions caused by it will cease to impact our business and the results of our operations. In reading this report on Form 10-K, including our discussion of our ability to continue as a going concern set forth herein, in each case, consider the additional uncertainties caused by the outbreak of COVID-19. These factors may not only impact our operations, financial condition and our ability to raise capital to support our operations but our overall ability to react timely to mitigate the impact of this event. Furthermore, it may hamper our efforts to comply with our filing obligations with the Securities and Exchange Commission.

Because the Company did not file an 8-K in order to rely on the Securities and Exchange Commission’s Order under Section 36 of the Securities Exchange Act of 1934 Granting Exemptions From Specified Provisions of the Exchange Act and Certain Rules Thereunder dated March 4, 2020 (Release No. 34-88318) (the “Order”) to extend its due date for 45 days, without further modification of that Order or an appeal directly to the Commission, the Company’s Report may not be considered timely. The Company is and will use all available resources to file its Report as expeditiously as it is able under the circumstances.