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Exyn Technologies (EXYN) notifies SEC of late 10-Q for quarter ended Mar 31, 2026

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
NT 10-Q

Rhea-AI Filing Summary

Exyn Technologies, Inc. filed a Form 12b-25 notifying the SEC that its Quarterly Report on Form 10-Q for the period ended March 31, 2026 will be filed late. The company says this is its first periodic report following effectiveness of its Form S-1 and expects to file the Form 10-Q no later than the fifth calendar day following the prescribed due date.

The delay is attributed to the additional time needed to finalize interim financial information and complete related review procedures. Contact: Pedro Ricardo Sotelo, CFO.

Positive

  • None.

Negative

  • None.
Reporting period March 31, 2026 Quarter ended
Cure period fifth calendar day following the prescribed due date Rule 12b-25(b) filing extension for quarterly reports
Notification date June 30, 2026 Date signature executed by CFO
Contact phone (917) 806-1345 Pedro Ricardo Sotelo, Chief Financial Officer
Rule 12b-25 regulatory
"The Company expects to file the Form 10-Q no later than the fifth calendar day following the prescribed due date"
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.
Form S-1 regulatory
"following the effectiveness of the registration statement on Form S-1 relating to the Company's initial public offering"
A Form S-1 is the registration filing a company submits to the U.S. Securities and Exchange Commission when it plans to offer stock to the public, most commonly for an initial public offering. Think of it as the company’s full disclosure packet or blueprint: it contains audited financials, business description, management background, risk factors and details of the offering, giving investors the information needed to judge the company’s financial health and potential risks before buying shares.
interim review procedures financial
"finalizing the interim financial information and completing the related interim review procedures"
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

SEC File Number: 001-43296 CUSIP Number: 30233T102

 

 

(Check one): ¨ Form 10-K   ¨ Form 20-F   ¨ Form 11-K   x Form 10-Q   ¨ Form 10-D   ¨ Form N-CEN   ¨ Form N-CSR

 

For Period Ended: March 31, 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   ¨ Transition Report on Form N-SAR

 

For the Transition Period Ended: Not applicable

 

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: Not applicable

 

PART I — REGISTRANT INFORMATION

 

Full name of registrant Exyn Technologies, Inc.
Former name if applicable Not applicable
Address of principal executive office 2118 Washington Avenue, Suite 1000
City, State and Zip Code Philadelphia, Pennsylvania 19146

 

 

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 appropriate box.)

 

x (a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

 

x (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 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 Form N-SAR, 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 Form 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.

 

The Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026 is the Company's first quarterly report to be filed following the effectiveness of the registration statement on Form S-1 relating to the Company's initial public offering. The Company is unable to file the Form 10-Q within the prescribed time period without unreasonable effort or expense because additional time is required to complete the preparation and review of the Company's financial statements and related disclosures for the period, including finalizing the interim financial information and completing the related interim review procedures.

 

The Company expects to file the Form 10-Q no later than the fifth calendar day following the prescribed due date, in accordance with Rule 12b-25(b).

 

PART IV — OTHER INFORMATION

 

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

 

Pedro Ricardo Sotelo, Chief Financial Officer — (917) 806-1345

 

(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 the answer is no, identify report(s).

 

¨ Yes x No

 

This is the Company's first periodic report required to be filed under the Securities Exchange Act of 1934 following the effectiveness of the registration statement on Form S-1 relating to the Company's initial public offering. The Company was not required to file any periodic reports during the preceding 12 months prior to such effectiveness.

 

(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 x 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.

 

Exyn Technologies, Inc.

(Name of registrant as specified in charter)

 

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

 

Date: June 30, 2026 By: /s/ Pedro Ricardo Sotelo  
  Pedro Ricardo Sotelo, Chief Financial Officer

 

 

FAQ

Why did EXYN file a Form 12b-25 for the quarter ended March 31, 2026?

The company states additional time is needed to finalize interim financial information and complete related interim review procedures. This delay follows the effectiveness of its Form S-1 and is described as requiring unreasonable effort or expense to eliminate.

When does Exyn expect to file the delayed Form 10-Q (EXYN)?

Exyn expects to file the Form 10-Q no later than the fifth calendar day following the prescribed due date, consistent with Rule 12b-25(b). The filing identifies the quarter ended March 31, 2026 as the period covered.

Is this the first periodic report required from EXYN after its IPO?

Yes. The notice states this is the company's first periodic report required under the Exchange Act after the Form S-1 registration statement became effective, and it had no periodic-reporting obligation in the prior 12 months.

Who can investors contact about the late filing for EXYN?

The Form 12b-25 lists Pedro Ricardo Sotelo, Chief Financial Officer, with phone number (917) 806-1345 as the contact for questions regarding the notification and the delayed Form 10-Q.

Will the delayed filing indicate significant changes in results for EXYN?

The company indicated No to anticipated significant changes in results of operations versus the corresponding prior-year period. It did not attach quantitative changes or an explanatory schedule in this notification.