Greenlit Ventures (GLVT) files late Q1 2026 10-Q notice with SEC

Rhea-AI Filing Summary

Greenlit Ventures Inc. submitted a Form 12b-25 notifying the SEC that its Form 10-Q for the quarter ended March 31, 2026 could not be filed on time. The company attributes the delay to difficulties finalizing audit materials "which could not be eliminated without unreasonable effort or expense." The notification is signed by Fu Yong Nan, Chief Executive Officer, dated May 15, 2026.

Insights

Corporate Governance Specialist

Late 10-Q filing due to audit finalization; governance follow-up recommended.

The notice states the March 31, 2026 Form 10-Q was delayed because audit materials could not be finalized without "unreasonable effort or expense." This is a procedural disclosure under Rule 12b-25.

Follow-on filings and auditor communications will clarify timing and any material adjustments; subsequent periodic filings should be checked for the completed report and any restatements.

Key Figures

Quarter end: March 31, 2026 Notice signed: May 15, 2026 Contact phone: (208) 639-9860

3 metrics

Quarter end March 31, 2026 Period covered by the delayed Form 10-Q

Notice signed May 15, 2026 Date the Form 12b-25 was signed by the CEO

Contact phone (208) 639-9860 Telephone number listed for the contact in Part IV

Key Terms

Rule 12b-25, Form 10-Q, unreasonable effort or expense

3 terms

Rule 12b-25 regulatory

"could not be filed within the prescribed time period due to difficulties finalizing the materials"

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 10-Q financial

"The Registrant’s Form 10-Q for the quarterly ended March 31, 2026 could not be filed"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

unreasonable effort or expense regulatory

"could not be filed within the prescribed time period due to difficulties finalizing the materials required to complete the Registrant’s audit"

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: 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:

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:

PART I—REGISTRANT INFORMATION

Greenlit Ventures Inc.

Full Name of Registrant

9169 W State St #3147 Garden City

Address of Principal Executive Office (Street and Number)

Delaware, ID, 83714

City, State and Zip Code

PART II—RULE 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 the reason why Forms 10-K, 20-F, 11-K, 10-Q, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. 

The Registrant’s Form 10-Q for the quarterly ended March 31, 2026 could not be filed within the prescribed time period due to difficulties finalizing the materials required to complete the Registrant’s audit, which could not be eliminated without unreasonable effort or expense.

PART IV—OTHER INFORMATION

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

Fu Yong Nan		(208)		639-9860
(Name)		(Area Code)		(Telephone Number)

(2)	Have all other periodic reports required under Section 13 or 15(d) or 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          ☐ No
(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 reason why a reasonable estimate of the results cannot be made.

2

Greenlit Ventures Inc.

(Name of Registrant as Specified in Charter)

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

Date:  May 15, 2026	By:	/s/ Fu Yong Nan
		Fu Yong Nan
		Chief Executive Officer

3

FAQ

Why did Greenlit Ventures (GLVT) file a Form 12b-25 for the quarter ended March 31, 2026?

Direct answer: The company cites difficulties finalizing audit materials that could not be resolved without unreasonable effort or expense. Supporting context: The notice states the unresolved audit items prevented timely completion of the Form 10-Q for the quarter ended March 31, 2026.

When was the late-filing notice for GLVT signed?

Direct answer: The Form 12b-25 was signed on May 15, 2026 by CEO Fu Yong Nan. Supporting context: The signature block on the notice provides the date and the CEO's name as the authorized signer for the filing.

Does the Form 12b-25 state when GLVT will file the delayed 10-Q?

Direct answer: The notice explains the reason for delay but does not provide a specific filing date for the completed 10-Q. Supporting context: The narrative attributes the delay to audit finalization; no explicit target filing date appears in the provided text.

Does the Form 12b-25 indicate anticipated changes to GLVT's results of operations?

Direct answer: The provided excerpt does not affirm that significant changes in results are anticipated. Supporting context: The notice includes the standard checkbox area; no explanatory attachment or quantitative estimate of changes appears in the excerpt.

Who is listed as the contact for Greenlit Ventures regarding this late filing?

Direct answer: The notice lists Fu Yong Nan with telephone (208) 639-9860 as the contact. Supporting context: The contact block in Part IV provides the name and the phone number for inquiries about the filing.