Procaps Group ( (PROCF) ) has released a notification of late filing.
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Procaps Group, S.A. has announced a delay in filing its Annual Report on Form 20-F (Yearly Report) for the fiscal year ending December 31, 2024. The delay is primarily due to an independent investigation led by the company’s Audit Committee, which revealed that previous financial statements for 2021 and 2022 require restatement. This has necessitated additional time for the preparation, review, and audit of the 2023-2024 financial statements. The company is working diligently to complete these tasks but will not meet the fifteen-day grace period for filing. Procaps Group anticipates significant changes in its financial results, including reduced revenue and increased expenses, but cannot provide specific estimates at this time due to the ongoing restatement process. The notification was signed by interim co-CEOs Melissa Angelini and Camilo Camacho, who emphasized the company’s commitment to compliance and transparency.
More about Procaps Group
YTD Price Performance: -99.57%
Average Trading Volume: 21,663
Technical Sentiment Signal: Buy
Current Market Cap: $23.27M
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