Distoken Acquisition Corporation ( (DIST) ) has released a notification of late filing.
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Distoken Acquisition Corporation has announced a delay in filing its Form 10-Q (Quarter Report) for the financial period ending March 31, 2025. The primary reason for the delay is the need for additional time to finalize the financial statements, which could not be completed without unreasonable effort or expense. The company anticipates filing the report within the five-day grace period allowed by the Securities Exchange Act. Financially, the company expects significant changes in its results, reporting a net loss of approximately $400,000 for the quarter, compared to a net income of $32,539 in the same period last year. This loss is attributed to operating and formation costs, VAT and surcharges, and Chinese income tax, partially offset by interest earned on investments. The company is committed to ongoing compliance efforts, as indicated by the signature of CEO Jian Zhang on the notification.
More about Distoken Acquisition Corporation
Average Trading Volume: 6,314
Technical Sentiment Signal: Buy
Current Market Cap: $36.51M
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