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Karbon-X delays 2026 annual report over financials

Karbon-X Corp. (KARX) has filed a Notification of Late Filing (Form 12b-25) for its annual report on Form 10-K for the fiscal year ended May 31, 2026.

(Very High)
(Negative)
Form Type
NT 10-K

Rhea-AI Filing Summary

Karbon-X Corp. (KARX) has filed a Notification of Late Filing (Form 12b-25) for its annual report on Form 10-K for the fiscal year ended May 31, 2026. The company states it has experienced delays in completing its financial statements for this fiscal year, which has delayed the Form 10-K filing. Karbon-X indicates it is seeking relief under Rule 12b-25, which would allow the Form 10-K to be filed on or before the 15th calendar day following the prescribed due date if the conditions of the rule are met. The notification is signed by Chief Executive Officer Chad Clovis.

Positive

  • None.

Negative

  • Delay in Form 10-K filing for the year ended May 31, 2026 due to delays in completing financial statements, potentially signaling reporting or operational challenges.

Fiscal year end May 31, 2026 Period covered by the delayed Form 10-K
Rule 12b-25 extension period 15 calendar days Maximum extension for an annual report if conditions are met
Principal executive office ZIP code 77401 Location of Karbon-X Corp.’s principal executive offices in Bellaire, TX
Form 12b-25 regulatory
"FORM 12b-25 NOTIFICATION OF LATE FILING Commission File Number"
Form 12b-25 is a notice a publicly traded company files with the U.S. Securities and Exchange Commission when it cannot deliver a required periodic report (like a quarterly or annual financial report) on time. It explains the reason for the delay and gives the company a short, temporary window to finish the report without being marked as delinquent; investors watch it because late filings can signal accounting, operational, or control issues that may affect a company’s reliability and stock risk, much like a missed homework deadline can raise concerns about a student’s preparedness.
Form 10-K regulatory
"delayed in filing its Form 10-K for the fiscal year then ended"
A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.
Rule 12b-25 regulatory
"seeks relief pursuant to Rule 12b-25 (b), the following should"
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.
Section 13 or 15(d) of the Securities Exchange Act of 1934 regulatory
"periodic reports required under Section 13 or 15(d) of the Securities"

FAQ

Why did Karbon-X Corp. (KARX) file a Form 12b-25 for its Form 10-K?

Karbon-X Corp. filed Form 12b-25 because it has experienced delays in completing its financial statements for the fiscal year ended May 31, 2026, which has in turn delayed the filing of its annual report on Form 10-K.

Which period does Karbon-X Corp.’s delayed Form 10-K cover?

The delayed Form 10-K for Karbon-X Corp. covers the fiscal year ended May 31, 2026, as specified in the Form 12b-25 notification of late filing.

How much extra time could Karbon-X Corp. (KARX) have to file its Form 10-K?

Under Rule 12b-25, if its conditions are met, Karbon-X Corp.’s Form 10-K may be filed on or before the 15th calendar day following the prescribed due date for the annual report.

Who signed Karbon-X Corp.’s Form 12b-25 notification of late filing?

The Form 12b-25 notification for Karbon-X Corp. was signed by Chad Clovis, who is identified in the document as the company’s Chief Executive Officer.

What address does Karbon-X Corp. (KARX) list as its principal executive offices?

Karbon-X Corp. lists its principal executive offices at 6575 West Loop South, Suite 500, Bellaire, TX 77401 in the Form 12b-25 notification of late filing.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 12b-25

 

NOTIFICATION OF LATE FILING

 

Commission File Number 000-56288

 

(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: May 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:

 

Read Attached Instruction Sheet 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:

 

PART I — REGISTRANT INFORMATION

 

Karbon-X Corp.

 

Full Name of Registrant

 

 

 

 

 

Former Name if Applicable

 

 

 

6575 West Loop South, Suite 500

 

Address of Principal Executive Offices (Street and Number)

 

 

 

Bellaire, TX 77401

 

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 appropriate box)

 

(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, 10-KSB, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or before the 15th calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q, 10-QSB, 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-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

 

The registrant has experienced delays in completing its financial statements for the fiscal year ended May 31, 2026.  As a result, the registrant is delayed in filing its Form 10-K for the fiscal year then ended.

 

PART IV

OTHER INFORMATION

 

(1)

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

 

 

M Richard Cutler

 

713

 

888-0040

 

(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 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 reasons why a reasonable estimate of the results cannot be made.

 

 
2

 

 

Karbon-X 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 28, 2026 

By:

/s/ Chad Clovis

 

 

 

Chad Clovis,

Chief Executive Officer

 

 

 
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