STOCK TITAN

Ulixe (ULIX) files late‑filing notice after acquisitions, consolidation delays

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

Rhea-AI Filing Summary

Ulixe Corp. notified the SEC it could not file its Form 10-Q for the quarter ended March 31, 2026 by the May 15, 2026 deadline due to delays completing its financial statements. The company discloses prior missing filings (Form 10-K for year ended July 31, 2025, Form 10-Q for September 30, 2025, and Form 10-K for December 31, 2025).

The filing states a change of control on June 13, 2025 when Ulixe One Corp. acquired approximately 89% of voting securities, a management transition, discontinuation of legacy software development, and consolidation of Ulixe Italy after a October 16, 2025 subsidiary acquisition and merger. Ulixe expects materially higher revenues and operating expenses for the quarter ended March 31, 2026 due to including Ulixe Italy, but has not provided quantitative estimates.

Positive

  • None.

Negative

  • None.

Insights

Late filings stem from post‑acquisition consolidation and delayed financial statements.

The company cites a change of control on June 13, 2025 and a subsidiary acquisition and merger on October 16, 2025, which required consolidation of Ulixe Italy into the group and delayed completion of the Form 10-Q for March 31, 2026.

Accounting teams will need to integrate foreign subsidiary results, revise prior-period filings, and complete disclosure of discontinued legacy development; subsequent filings should clarify the magnitude and timing of reported impacts.

Recent M&A and a management transition are the core drivers of reporting complexity.

The Registrant reports Ulixe One Corp.'s ~89% acquisition on June 13, 2025 and a related internal reorganization with Ulixe Italy on October 16, 2025. These events produced a change of control and a consolidation requirement for the fiscal year ended December 31, 2025.

Reported operational effects include discontinued legacy development and expected material increases in revenues and operating expenses for the quarter ended March 31, 2026; quantitative details are pending in the delayed filings.

Quarter end March 31, 2026 Form 10-Q period ended
Change of control acquisition approximately 89% of voting securities Acquired by Ulixe One Corp. on June 13, 2025
Subsidiary acquisition/merger October 16, 2025 WarpSpeed Italy acquired Ulixe Italy; merger and consolidation followed
Missed filing deadline referenced May 15, 2026 Due date for non-accelerated filers' Form 10-Q
Outstanding prior filings Form 10-K (July 31, 2025); Form 10-Q (Sept 30, 2025); Form 10-K (Dec 31, 2025) Filings the Registrant has not yet filed as of this notice
Rule 12b-25 regulatory
"Form 12b-25 notification of late filing and relief requests"
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.
change of control corporate
"Ulixe One Corp. acquired approximately 89% of the outstanding voting securities"
A change of control occurs when the ownership or management of a company shifts significantly, such as through a sale, merger, or acquisition, resulting in new leadership or ownership structure. This change can impact the company's direction and decision-making, which is important for investors because it may affect the company's stability, strategy, and future prospects.
consolidation accounting
"Registrant began consolidating the results of operations of Ulixe Italy"
Consolidation is a period when a stock’s price moves within a relatively narrow range, reflecting a balance between buyers and sellers after a prior rise or fall. It matters to investors because it often signals a pause before the next meaningful move — like a coiled spring — and helps with timing trades, setting risk limits and deciding whether momentum will resume upward or reverse downward.
discontinued development operational
"Registrant discontinued further development activities pursuant to the legacy software platform"
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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: ____________________

 

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 the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

 

 

 

PART I — REGISTRANT INFORMATION

 

Ulixe Corp.

Full Name of Registrant
 
 
Former Name if Applicable
 
8 The Green #20901
Address of Principal Executive Office (Street and number)
 
Dover, Delaware 19901
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. (Attach extra Sheets if Needed)

 

Ulixe Corp. (the “Registrant”) was unable, without unreasonable effort or expense, to file its quarterly report on Form 10-Q for the period ended March 31, 2026 (the “Form 10-Q”) by May 15, 2026, the filing date applicable to non-accelerated filers, due to a delay experienced by the Registrant in completing its financial statements for such period. As of the date of this Form 12b-25, the Registrant has not filed its annual report on Form 10-K for the fiscal year ended July 31, 2025, its quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2025, or its annual report on Form 10-K for the fiscal year ended December 31, 2025. In light of the foregoing, the Registrant is unable to confirm that it will be able to file the Form 10-Q within five (5) calendar days from the prescribed filing date.

 

PART IV — OTHER INFORMATION

 

(1) Name and telephone number of person to contact in regard to this notification
 
  Vito Di Somma   (302)   292-9220
  (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 ☒
   
 

On October 22, 2025, the Registrant reported that it changed its fiscal year from July 31 to December 31. The Registrant has not yet filed its annual report for the year ended July 31, 2025, its quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2025, or its annual report for the year ended December 31, 2025.

 

2

 

 

(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.

 

On June 13, 2025, Ulixe One Corp. acquired approximately 89% of the outstanding voting securities of the Registrant, resulting in a change of control and a transition in management of the Registrant.

 

Following completion of this transaction, the Registrant discontinued further development activities pursuant to the legacy software platform that had previously been licensed to it.

 

In addition, on October 16, 2025, WarpSpeed Italy S.r.l., a wholly owned subsidiary of the Registrant, acquired all of the outstanding equity interests of Ulixe Italy S.r.l., a holding company with operating subsidiaries (“Ulixe Italy”). Ulixe Italy was previously owned by Ulixe Holding, GmbH (“Ulixe Holding”), the sole shareholder of Ulixe One Corp. Following this transaction, WarpSpeed Italy merged with and into Ulixe Italy, with Ulixe Italy surviving the transaction as a wholly owned subsidiary of the Registrant. Accordingly, the Registrant began consolidating the results of operations of Ulixe Italy with its financial results in its annual report on Form 10-K for the fiscal year ended December 31, 2025.

 

Due to the foregoing, the Registrant anticipates that its results of operations for the fiscal quarter ended March 31, 2026 will differ significantly from the results reported for the corresponding period of the prior fiscal year. The Registrant expects to report material increases in revenues and operating expenses attributable to the inclusion of the operations of Ulixe Italy. However, due to the ongoing preparation of its financial statements, the Registrant is not yet able to provide a reasonable estimate of such changes.

 

3

 

 

Ulixe 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: May 15, 2026   By: /s/ Vito Di Somma
      Name: Vito Di Somma
      Title: President

 

4

FAQ

Why did Ulixe (ULIX) file a Form 12b-25 for the March 31, 2026 10-Q?

The company cites delays completing its financial statements while integrating recent acquisitions and consolidation. Specifically, a change of control on June 13, 2025 and a subsidiary merger on October 16, 2025 increased reporting complexity, delaying the Form 10-Q.

Which prior filings has Ulixe (ULIX) not yet submitted?

Ulixe states it has not filed its Form 10-K for the fiscal year ended July 31, 2025, its Form 10-Q for the quarter ended September 30, 2025, or its Form 10-K for the fiscal year ended December 31, 2025, according to the notification.

How did Ulixe's corporate changes affect its March 31, 2026 results?

Ulixe expects material increases in revenues and operating expenses for the quarter ended March 31, 2026 due to consolidating Ulixe Italy's operations after the October 16, 2025 transaction; the company has not provided numerical estimates.

Who signed Ulixe's Form 12b-25 and how can the company be contacted?

The notification was signed by Vito Di Somma, President, on May 15, 2026. Contact telephone listed is (302) 292-9220 for questions regarding this notification.

Does Ulixe state whether the company will file the delayed 10-Q within the grace period?

The Registrant explicitly states it is unable to confirm it can file the Form 10-Q within the five-calendar-day grace period following the prescribed due date, per the notification language.