other material
confidence high
sentiment negative
materiality 0.75
Dalrada Financial transferred to OTC Expert Market effective Jan 15, 2025 due to late 10-K without audit
Dalrada Technology Group, Inc.
- Effective January 15, 2025, Dalrada's OTC Markets status changed to the 'Expert Market' due to a filing deficiency.
- The Company filed its Form 10-K for fiscal year ended June 30, 2024 late, without an audit report from its PCAOB-registered independent accountant.
- Management believes the filed unaudited financial statements fairly present results, but the filing is deficient under Exchange Act Section 13.
- The Company plans to file an amended 10-K with an audit report and a table of variances as promptly as possible.