Nasdaq flags Above Food (NASDAQ: ABVE) over delayed financial filings
Rhea-AI Filing Summary
Above Food Ingredients Inc. filed a Form 6-K to report that Nasdaq has issued a staff determination letter stating the company is not in compliance with Nasdaq Listing Rule 5250(c)(2) because it has delayed filing interim financial statements for the six-month period ended July 31, 2025.
The company states those interim financial statements are already completed and will be filed within one week after it files its audited annual financial statements on Form 20-F. Management says the audit is in its final stages and it anticipates filing the Form 20-F imminently, then promptly filing the interim results to restore full Nasdaq compliance. The letter has no immediate effect on the company’s listing.
Positive
- None.
Negative
- Nasdaq noncompliance notice for late financials: The company received a Nasdaq staff determination letter stating it is not in compliance with Listing Rule 5250(c)(2) due to delayed interim financial statements for the six-month period ended July 31, 2025, creating listing-compliance risk until filings are cured.
Insights
Nasdaq noncompliance notice adds listing risk, but company signals near-term cure.
Above Food Ingredients Inc. reports a Nasdaq staff determination that it is not in compliance with Listing Rule 5250(c)(2) because its interim financials for the six months ended July 31, 2025 were filed late. This introduces a formal listing-compliance issue, which is generally viewed as a negative signal.
The company emphasizes that the interim statements are already completed and will be filed within one week after its audited Form 20-F, which it expects to submit imminently. If it executes this plan, the noncompliance should be short-lived, and the letter currently has no immediate impact on the Nasdaq listing. The key variable is timely completion of the audit and rapid sequential filings to achieve full compliance.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of February 2026
Commission File Number: 001-42156
ABOVE FOOD INGREDIENTS INC.
(Exact name of Registrant as specified in its charter)
N/A
(Translation of Registrant’s name)
2305 Victoria Avenue #001
Regina, Saskatchewan, S4P 0S7
(306) 779-2268
(Address and telephone number of registrant’s principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
On February 17, 2026, Above Food Ingredients Inc. (the “Company”) issued a press release. A copy of the press release is furnished herewith as Exhibit 99.1.
Investors should monitor the Company’s investor relations website, in addition to press releases, public filings and conference calls and webcasts.
DOCUMENTS FILED AS PART OF THIS REPORT
| Exhibit | Description | |
| 99.1 | Press Release, dated February 17, 2026 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Above Food Ingredients Inc. | ||
| Date: February 18, 2026 | ||
| By: | /s/ Lionel Kambeitz | |
| Name: | Lionel Kambeitz | |
| Title: | Chief Executive Officer | |
Exhibit 99.1
Above Food Ingredients Inc. Reporting Update
Regina, Saskatchewan – February 17, 2026 – Above Food Ingredients Inc. (NASDAQ: ABVE) (the “Company”) today announced that on February 3, 2026, in accordance with expectations, it received a staff determination letter from The Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not currently in compliance with Nasdaq Listing Rule 5250(c)(2) due to the delay in filing its interim financial statements for the six-month period ended July 31, 2025.
The interim financial statements for the six-month period ended July 31, 2025 have already been completed, and will be filed within one week following the filing of the audited annual financial statements included in the Company’s Form 20-F.
The Company is in the final stages of the audit process and anticipates filing the Form 20-F imminently, after which the interim financial statements will be filed without delay, bringing the Company to full compliance with all Nasdaq requirements.
The receipt of this determination letter does not have any immediate effect and the Company appreciates the continued patience and engagement of its shareholders as it completes its filing processes. Management remains committed to ensuring that its filings are thorough, accurate and fully aligned with applicable regulatory requirements.
About Above Food Ingredients Inc.
Above Food Ingredients Inc. (NASDAQ: ABVE) is an agricultural and food technology company whose vision is to create a healthier world — breaking the cycle of world hunger, one seed, one field, and one bite at a time. Above's robust chain of custody of plant proteins and proprietary seed development capabilities, leverage the power of artificial intelligence-driven genomics and agronomy, and together with Palm's financial technologies will help to break the global cycle of hunger.
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain "forward-looking information" within the meaning of the United States federal securities laws and applicable Canadian securities laws. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," future," "opportunity," "plan," "may," "should," "will," "could," "will be," will continue," and similar expressions.
Forward-looking statements represent current judgments about possible future events, including, but not limited to statements regarding expectations or forecasts of business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs relating to the proposed transaction between Above Food and Palm Global, such as statements regarding the combined operations and prospects of Above Food and Palm Global, the current and projected market, growth opportunities and synergies for the combined company, the expected composition of the management and board of directors of the combined company, the expected trading of the combined company on the Nasdaq, the filing and approval of the Registration Statement and the Prospectus, and the timing and completion of the proposed transaction, including the satisfaction or waiver of all the required conditions thereto.
Factors that could cause actual events to differ include, but are not limited to:
all conditions to the proposed transaction being met, including Above Food and Palm Global agreeing to a form of plan of arrangement, as well as other conditions set forth in the definitive merger agreement; the expected timing of regulatory approvals relating to the proposed transaction, the businesses of Above Food and Palm Global and of the combined company and product launches of such businesses and companies; Above Food's inability to file or make effective the Registration Statement or the final Prospectus with the respective regulators; Above Food, Palm Global and the combined company's compliance with, and changes to, applicable laws and regulations; Above Food and the combined company's ability to list the common shares of the combined company on Nasdaq; the ability to successfully integrate the businesses of Above Food and Palm Global after the completion of the proposed transaction; the combined company's ability to achieve the expected benefits from the proposed transaction within the expected time frames or at all; and the incurrence of unexpected costs, liabilities or delays relating to the proposed transaction.
Forward-looking statements are based on the current expectations of Above Food's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. You should carefully consider all of the risks and uncertainties described in the documents filed by Above Food with the United States Securities and Exchange Commission ("SEC"), which is available on EDGAR at www.sec.gov/edgar.shtml. There may be additional risks that Above Food presently does not know or that Above Food currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Above Food's expectations, plans or forecasts of future events and views as of the date of this communication. Above Food anticipates that subsequent events and developments will cause Above Food's assessments to change. However, while Above Food may elect to update these forward-looking statements in the future, Above Food specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Above Food's assessments as of any date subsequent to the date of this communication. Nothing herein should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results in such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein.
It is possible that the Merger may not occur on the terms provided herein or in the Merger Agreement, on the expected timing or at all. In the event that the Merger is terminated Above Food may be liable to pay a termination fee to Palm Global, subject to the precise terms of the Merger Agreement.
Additional Information and Where to Find It:
INVESTORS AND SECURITY HOLDERS OF ABOVE FOOD ARE URGED TO READ THE DOCUMENTS FILED WITH THE SEC, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ABOVE FOOD. Investors and security holders will be able to obtain free copies of the documents filed with the SEC by Above Food through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by Above Food are also available free of charge on Above Food's website at https://abovefood.com or by contacting Above Food's Investor Relations Department at 2305 Victoria Ave #002, Regina, Saskatchewan, Canada, S4P 0S7.
Contacts
Media: media@abovefood.com
Investors: investors@abovefood.com
FAQ
Why did Above Food Ingredients Inc. (ABVE) receive a Nasdaq staff determination letter?
Which financial filings is Above Food Ingredients Inc. (ABVE) currently missing?
Does the Nasdaq determination letter immediately affect Above Food Ingredients Inc.’s (ABVE) listing?
How soon does Above Food Ingredients Inc. (ABVE) plan to file its delayed financial statements?
What steps is Above Food Ingredients Inc. (ABVE) taking to regain full Nasdaq compliance?
What does Above Food Ingredients Inc. (ABVE) say about the quality of its upcoming filings?
Filing Exhibits & Attachments
1 documentPress Releases
