DP Cap Acquisition (DPCSU) cites staffing issues in late Q2 10-Q

Rhea-AI Filing Summary

DP Cap Acquisition Corp I filed a notice that it will not submit its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 by the normal deadline. The company explains that it needs more time to compile and process the information required because it does not have full-time accounting and administrative staff.

The company indicates that it expects to file the delayed Form 10-Q within the additional period allowed under SEC Rule 12b-25 for late quarterly reports.

	UNITED STATES
	SECURITIES AND EXCHANGE COMMISSION
	Washington, D.C. 20549	OMB APPROVAL
		OMB Number: 3235-0058
	FORM 12b-25	Expires: April 30, 2025
		Estimated average burden
		Hours per form 2.50

	NOTIFICATION OF LATE FILING	SEC FILE NUMBER
		001-41041

CUSIP NUMBER

G2R05B100

(Check One): ☐    Form 10-K     ☐    Form 20-F     ☐    Form 11-K     ☒    Form 10-Q     ☐    Form 10-D     ☐    Form N-SAR     ☐    Form N-CSR

For Period Ended: June 30, 2025                                   

☐    Transition Report on Form 10-K

☐    Transition Report on Form 20-F

☐    Transition Report on Form 11-K

☐    Transition Report on Form 10-Q

☐    Transition Report on Form N-SAR

For the Transition Period Ended: _______________

 Read Instructions (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 the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: N/A

PART I – REGISTRANT INFORMATION

DP Cap Acquisition Corp I

Full Name of Registrant

N/A

Former Name if Applicable

418 Broadway, #6895

Address of Principal Executive Office (Street and Number)

Albany, New York 12207

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 reasons 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-SAR or Form-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 the reasons why the Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra sheets if needed)

DP Cap Acquisition Corp I (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 (the “Form 10-Q”) within the prescribed time period without unreasonable effort and expense to the Company. The Company requires additional time to compile and process the information necessary for the completion of the Form 10-Q as the Company does not have full-time accounting and administrative staff. 

PART IV – OTHER INFORMATION

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

	Xixuan Hei		(929)		392-3578
	(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).
	Form 10-K for the fiscal year ended December 31, 2024	☐Yes    ☒ No
	Form 10-Q for the quarter ended March 31, 2025
(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

2

DP Cap Acquisition Corp I

(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 15, 2025	By:	/s/ Xixuan Hei
		Xixuan Hei, Chief Executive Officer

INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative’s authority to sign on behalf of the registrant shall be filed with the form.

ATTENTION

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

3

FAQ

Why did DP Cap Acquisition Corp I (DPCSU) delay its Q2 2025 Form 10-Q?

The company states it cannot file the Form 10-Q for the quarter ended June 30, 2025 on time without unreasonable effort and expense because it does not have full-time accounting and administrative staff and needs additional time to compile and process the necessary information.

What filing did DP Cap Acquisition Corp I notify a delay for?

DP Cap Acquisition Corp I filed a notification of late filing (Form 12b-25) for its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

How long an extension does DP Cap Acquisition Corp I anticipate for the late Form 10-Q?

The company indicates that, under Rule 12b-25, the delayed quarterly report on Form 10-Q will be filed on or before the fifth calendar day following the prescribed due date.

Who signed the late filing notice for DP Cap Acquisition Corp I?

The notification of late filing was signed by Xixuan Hei, Chief Executive Officer of DP Cap Acquisition Corp I.

What period does the delayed DP Cap Acquisition Corp I Form 10-Q cover?

The delayed Form 10-Q covers the quarter ended June 30, 2025.

What rule does DP Cap Acquisition Corp I rely on for its late Form 10-Q?

The company relies on SEC Rule 12b-25, which permits a short extension for filing a periodic report when it cannot be filed on time without unreasonable effort or expense.