STOCK TITAN

Anavex Life Sciences (NASDAQ: AVXL) delays two 2026 quarterly SEC reports

(High)
(Negative)
Form Type
NT 10-Q

Rhea-AI Filing Summary

Anavex Life Sciences Corp. notified the SEC that it will not file its Quarterly Report on Form 10‑Q for the quarter ended June 30, 2026 by the prescribed August 10, 2026 due date. The company cites the need for additional time to prepare and review the report in light of a Special Committee review related to the April 30, 2026 termination of former Chief Executive Officer Dr. Christopher Missling, which the Special Committee previously stated it believed involved conduct inconsistent with company policy. Interim Chief Executive Officer Dr. Terrie Kellmeyer is overseeing operations while the Special Committee and the company work to complete their review and the Form 10‑Q. The company also notes that its Form 10‑Q for the quarter ended March 31, 2026 has not yet been filed.

Positive

  • None.

Negative

  • Two quarterly reports delayed: the company has not filed Form 10‑Q reports for the quarters ended March 31, 2026 and June 30, 2026, indicating a growing SEC reporting backlog.
  • Ongoing special committee review: preparation of the June 30, 2026 Form 10‑Q is delayed partly due to a board Special Committee review related to the former CEO’s termination, adding governance and timing uncertainty.

Filing Explained

The filing states that the June 30, 2026 Form 10-Q will be filed no later than the fifth calendar day after its prescribed August 10, 2026 due date; this notification itself does not provide the quarter’s financial statements.

Rule 12b-25 regulatory
"seeks relief pursuant to Rule 12b-25(b)"
Rule 12b-25 is an SEC filing provision that lets a company notify regulators and the public that it cannot file a required periodic report (like a quarterly or annual report) on time and explains the reason for the delay. For investors, the notice is a formal heads-up that financial information will arrive late—similar to a company calling to say it will be late turning in homework—so it signals increased uncertainty and may affect trading and risk assessments until the filing is available.
Special Committee regulatory
"a special committee (the “Special Committee”) composed of independent directors"
A special committee is a group of people chosen by an organization to carefully examine a specific issue or problem, often when a decision could have significant consequences. Think of it as a task force brought together to investigate and recommend actions, ensuring that important matters are handled thoroughly and fairly. For investors, this means decisions are made with careful oversight, which can impact the organization's stability and future direction.
forward-looking statements regulatory
"This Form 12b-25 includes forward-looking statements."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

FAQ

Why did Anavex Life Sciences (AVXL) file an NT 10-Q for June 30, 2026?

Anavex filed an NT 10‑Q because it could not complete its Form 10‑Q for the quarter ended June 30, 2026 by August 10, 2026 without unreasonable effort and expense, given ongoing work and a Special Committee review related to the former CEO’s termination.

What governance issues are referenced in Anavex (AVXL) June 2026 NT 10-Q filing?

The company notes a Special Committee of independent directors terminated former CEO Dr. Christopher Missling on April 30, 2026, citing conduct the Committee believed inconsistent with company policy, and is reviewing related matters that affect completion of the June 30, 2026 Form 10‑Q.

Has Anavex (AVXL) missed any other SEC periodic reports?

Yes. Anavex discloses that its Quarterly Report on Form 10‑Q for the fiscal quarter ended March 31, 2026 has not been filed, in addition to the delay in filing the Form 10‑Q for the quarter ended June 30, 2026 addressed in this notification.

Does Anavex (AVXL) indicate when the June 30, 2026 Form 10-Q will be filed?

Anavex does not provide a specific filing date but states the Special Committee and the company are working diligently to complete their work so the Form 10‑Q for the quarter ended June 30, 2026 can be filed.

What forward-looking risks does Anavex (AVXL) highlight in this NT 10-Q?

The company warns that forward‑looking statements are subject to risks and uncertainties, including the risk that it may take longer than currently anticipated to complete and file the Form 10‑Q for the quarter ended June 30, 2026.

 

 

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  
  For Period Ended: June 30, 2026
  Transition Report on Form 10-K  
  Transition Report on Form 20-F  
  Transition Report on Form 11-K  
  Transition Report on Form 10-Q  
  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 notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

_____________________________________________________________________________________________

 

PART 1 – REGISTRANT INFORMATION

 

Anavex Life Sciences Corp.
Full Name of Registrant
 
N/A
Former Name if Applicable
 
630 5th Avenue, 20th Floor
Address of Principal Executive Office (Street and Number)
 
New York, NY 10111
City, State and Zip Code

 

 

 

PART II – RULES 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)

 

(a) The reason described in reasonable detail in Part III of this Form could not be eliminated without unreasonable effort or expense
(b) 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
(c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

 

PART III – NARRATIVE

 

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.

 

Anavex Life Sciences Corp. (the “Company”) is unable to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2026 (the “Form 10-Q”) by the prescribed August 10, 2026 due date without unreasonable effort and expense due to the circumstances described below.

 

As previously disclosed in the Company’s Current Report on Form 8-K filed on May 6, 2026, a special committee (the “Special Committee”) composed of independent directors of the Board of Directors (the “Board”) terminated the employment of Dr. Christopher Missling as the Chief Executive Officer of the Company on April 30, 2026 for, among other things, conduct that the Special Committee believed was inconsistent with Company Policy. On May 4, 2026, the Special Committee appointed Dr. Terrie Kellmeyer as Interim Chief Executive Officer.

 

The Company and its advisors require additional time to complete the preparation and review of the Form 10-Q, including in light of the Special Committee’s review of certain matters related to the termination of Dr. Missling. The Special Committee and the Company continue to work diligently to complete their work so that the Company can file the Form 10-Q.

 

PART IV – OTHER INFORMATION

  

(1) Name and telephone number of person to contact in regard to this notification
 

Sandra Boenisch

(844)

689-3939

  (Name) (Area Code) (Telephone Number)
       
(2) 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).
    Yes No
   
  The Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2026.
   
(3) 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
       
  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.

 

 

 

Forward-Looking Statements

 

This Form 12b-25 includes forward-looking statements. All statements other than statements of historical facts contained in this Form 12b-25, including statements regarding the Company’s business strategy and plans and objectives of management for future operations, are forward-looking statements. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “expect” “should,” “forecast,” “potential,” “predict”, “could,” “would,” “will,” “suggest,” “plan” and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. Such forward-looking statements are subject to a number of risks, uncertainties and assumptions including, but are not limited to, the risk that the Company may take longer to complete and file the Form 10-Q than currently anticipated. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

 

Anavex Life Sciences Corp.

(Name of Registrant as Specified in Charter)

 

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: August 10, 2026 By: /s/ Sandra Boenisch, CPA, CGA
  Title: Principal Financial Officer, Treasurer

 

ATTENTION

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).