ABOVE FOOD ING.INC. Aktie

Above Food Ingredients has postponed completion of the audit for the fiscal year ended January 31, 2025, into the new year due to illness-related absences and holidays, and has requested a 180-day extension from NASDAQ. The company now expects a profit of over $40 million for the fiscal year ending January 31, 2026, up from a previous forecast of $30 million. Above Food reports progress on the audit, is working on a restructuring and has appointed a new auditor; it also said it has paid off all corporate debt. » Altro su de.investing.com

Above Food Ingredients shares rose premarket after the company said it has eliminated all corporate debt and expects a profit of more than $30 million for the fiscal year ending January 31, 2026. Above Food named a new auditor with expertise in the tokenization of digital assets and aims to file Form 20‑F by December 12, 2025. The merger with Palm Global will be accelerated; leadership teams are working on operational integration and other milestones. The company emphasizes that, following the restructuring program, it is now positioned for sustainable profitability. » Altro su de.investing.com

Above Food secured a $20 million convertible note from the Aqua 1 Foundation, convertible at $2.50 per share. Aqua 1, through its unit Aqua Labs Investment, will integrate blockchain, tokenization and stablecoin technologies into the Above Food ecosystem and provide technological support. The financing is intended to support the company’s scaling and growth strategy, although data show Above Food has high debt and difficulties making interest payments. The company also announced a merger with Palm Global and the appointment of CBIZ CPA to complete the overdue annual report and restore NASDAQ compliance. » Altro su de.investing.com