SEC FILE NUMBER 001-38402
CUSIP NUMBER 609011200 |
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: February 28, 2021
☐ 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: ________________________
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
Monaker Group, Inc.
Full Name of Registrant
1560 Sawgrass Corporate Parkway, Suite 130
Address of Principal Executive Office (Street and Number)
Sunrise, Florida 33323
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 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, 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 the Form 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR or the transition report portion thereof, could not be filed within the prescribed time period.
(Attach extra sheets if needed.)
The registrant has experienced delays in completing its Annual Report on Form 10-K for the year ended February 28, 2021 (the “Annual Report on Form 10-K”) within the prescribed time period, due to delays in completing the financial statements and other disclosures required to be disclosed in the Annual Report on Form 10-K, due to certain recent transactions completed by the registrant, including the underwritten offering of its common stock which was completed on May 18, 2021, which diverted the attention of management and the Company’s service providers from the preparation of the Annual Report on Form 10-K, and the May 18, 2021 entry into a settlement agreement with IDS, Inc. and various other parties, which necessitated a write-down in the value of the registrant’s assets as previously acquired from IDS, Inc., both of which led to delays in the Company completing its Annual Report on Form 10-K. The delay could not be eliminated without unreasonable effort or expense.
The registrant anticipates that it will file its complete Annual Report on Form 10-K for the year ended February 28, 2021, on or before the fifteenth day following the prescribed due date. The registrant anticipates filing the Annual Report on Form 10-K in the next few days.
PART IV — OTHER INFORMATION
Name and telephone number of person to contact in regard to this notification
William Kerby | (954) | 888-9779 | ||
(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.
Monaker Group, Inc.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 2, 2021 | By: | /s/ William Kerby | |
William Kerby Chief Executive Officer |