STOCK TITAN

Vivic Expects $1.2M FY2026 Loss, Delays Annual Report

VIVIC expects its fiscal 2026 net loss to be approximately $1.2 million, compared with approximately $3.4 million in fiscal 2025, subject to year-end adjustments.

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

Rhea-AI Filing Summary

VIVIC CORP. expects to file its Annual Report on Form 10-K on or before the fifteenth calendar day following the prescribed due date. The company says limited accounting and financial reporting resources delayed completion and that additional time is needed to finalize the year-end audit and report.

VIVIC expects a net loss of approximately $1.2 million for the fiscal year ended June 30, 2026, compared with approximately $3.4 million for the fiscal year ended June 30, 2025. The decrease was primarily attributable to lower share-based compensation and general and administrative expenses, partially offset by impairment losses on advances to suppliers. Final results remain subject to year-end adjustments.

Positive

  • Expected fiscal 2026 net loss: approximately $1.2 million, versus approximately $3.4 million.

Negative

  • Expected Form 10-K filing: on or before the fifteenth calendar day following the prescribed due date.
Expected net loss Approximately $1.2 million Fiscal year ended June 30, 2026
Net loss Approximately $3.4 million Fiscal year ended June 30, 2025
Expected Form 10-K filing deadline On or before the fifteenth calendar day Following the prescribed due date
share-based compensation financial
"decreases in share-based compensation"
Share-based compensation is when a company pays employees, executives or directors with its own stock or rights to buy stock instead of, or in addition to, cash. Think of it like receiving store gift cards instead of extra paycheck — it can motivate staff to boost the company’s value, but it also increases the number of shares outstanding and can shrink each existing owner’s slice of profits and voting power. Investors watch it because it affects reported earnings, share count and the alignment between management and shareholders.
impairment losses financial
"impairment losses on advances to suppliers"
An impairment loss is an accounting write-down when a company determines an asset (like equipment, buildings, patents, or goodwill) is worth less than its recorded value, so its book value is reduced. For investors, impairments matter because they lower reported profits and asset balance, similar to recognizing that a car is worth far less than you expected; frequent or large impairments can signal poor returns on investments or deteriorating business prospects.
year-end adjustments financial
"final results remain subject to year-end adjustments"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What net loss does VIVC expect for fiscal 2026?

VIVIC expects a net loss of approximately $1.2 million for the fiscal year ended June 30, 2026, compared with approximately $3.4 million for the fiscal year ended June 30, 2025. The company attributes the decrease primarily to lower share-based compensation and general and administrative expenses, partially offset by impairment losses on advances to suppliers. Final results remain subject to year-end adjustments.

When does VIVC expect to file its 2026 Form 10-K?

VIVIC expects to file its Form 10-K on or before the fifteenth calendar day following the prescribed due date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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: June 30, 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

 

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

 

VIVIC CORP.

 

Full Name of Registrant:

 

 

 

Former Name if Applicable

 

187 E. Warm Springs Rd., PMB#B450

 

Address of Principal Executive Office (Street and Number)

 

Las Vegas, NV 89119

 

City, State, 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, 11- K or 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 of 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 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.

 

The Company was unable to complete its Annual Report on Form 10-K for the fiscal year ended June 30, 2026, within the prescribed time period without unreasonable effort and expense due to the Company’s limited accounting and financial reporting resources. As a result, additional time is required to complete the remaining administrative matters necessary to finalize the year-end audit and the Company’s Annual Report on Form 10-K. The Company currently expects to file the Form 10-K on or before the fifteenth calendar day following the prescribed due date.

 

PART IV - OTHER INFORMATION

 

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

 

Chen-Hon Chuang   702   899-0818
(Name)  

(Area Code)

  (Telephone No.)

 

  (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.

 

The Company anticipates that its results of operations for the fiscal year ended June 30, 2026 will reflect a significant change compared with the fiscal year ended June 30, 2025. Based on currently available information, the Company expects to report a net loss of approximately $1.2 million for the fiscal year ended June 30, 2026, compared with a net loss of approximately $3.4 million for the fiscal year ended June 30, 2025. The decrease in net loss was primarily attributable to decreases in share-based compensation and general and administrative expenses, partially offset by impairment losses on advances to suppliers. The Company’s final results remain subject to year-end adjustments.

 

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VIVIC CORP. 

(Name of Registrant as Specified in Charter)

 

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

 

Date: September 25, 2026 By: /s/ Chen-Hon Chuang
  Name:  Chen-Hon Chuang
  Title: Chief Executive Officer, Chief Financial Officer and Secretary (Principal 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).

 

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