Regina, Saskatchewan–(Newsfile Corp. – January 7, 2026) – Above Food Ingredients Inc. (NASDAQ: ABVE) (“Above Food” or the “Firm”) is happy to verify that it expects to report its audited monetary outcomes for the fiscal 12 months ended January 31, 2025 earlier than the top of January 2026, thereby satisfying all relevant Nasdaq reporting necessities and paving the best way for the subsequent section of the Firm’s transformative merger with Palm Global. This timing follows the Firm’s replace of December 12, 2025 and displays the extra technical procedures required to absolutely seize – and audit – the substantial worth created via the Firm’s complete restructuring initiatives. Above Food reiterates that a good portion of the audit work has already been accomplished. Moreover, there are not any identified audit points, no disagreements with its auditors, and no issues of rivalry that might impede completion. The timing of the submitting is solely attributable to the size and complexity of the work undertaken.
The Firm confirms that it has obtained the customary Employees Willpower Letter from The Nasdaq Inventory Market LLC (“Nasdaq”) relating to Itemizing Rule 5250(c)(1) in reference to the submitting of its Type 20-F. In accordance with commonplace process, the Firm has requested the same old 180-day extension, which is anticipated to be reviewed and granted by the Hearings Panel inside 30 to 45 days. As Above Food expects to file its audited monetary outcomes on Type 20-F inside January 2026 and thereby regain full compliance nicely forward of the extension interval, the Firm doesn’t anticipate {that a} listening to shall be required.
As referenced beforehand, throughout the fiscal 12 months ended January 31, 2025, Above Food accomplished the restructuring of its legacy enterprise, together with related write-offs, clean-ups, and the elimination of non-core or non-performing belongings. Consequently, the Firm advantages from a considerably strengthened and streamlined steadiness sheet for the fiscal 12 months ended January 31, 2026, positioning Above Food for sustainable progress, improved capital effectivity, and enhanced strategic flexibility.
The Firm can be happy to reaffirm that it expects to ship exceptionally robust profitability for the fiscal 12 months ending January 31, 2026. Above Food reiterates that its beforehand introduced revenue goal shall be met or exceeded, reflecting the advantages of the restructuring, continued operational self-discipline, and sturdy efficiency of the enterprise.
Above Food’s merger accomplice, Palm Global, is absolutely apprised of and supportive of this course of, and the Firm is happy to report that the deliberate merger is anticipated to proceed to ultimate closing very shortly after the submitting of the outcomes. The importance of this transaction is profound. Palm Global’s quickly increasing digital-currency and real-world asset-tokenization ecosystem – mixed with the appreciable worth of the gold and metals-based belongings on its steadiness sheet – is positioned to ship transformative progress and unlock shareholder worth on a scale far past Above Food’s present valuation. The merger represents a extremely value-accretive catalyst for the Firm, marking the start of an thrilling new chapter of scale, profitability, and world market management.
Jason Zhao, Chief Monetary Officer of Above Food, commented: “We absolutely acknowledge the significance of finishing our audit as rapidly and responsibly as doable. I’m happy to report {that a} important quantity of the audit work has already been accomplished, and we proceed to work intently and constructively with our exterior auditors on the remaining procedures. We will verify that there are not any identified audit points, no disagreements, and no contentious issues that might negatively have an effect on the audit course of.
We sincerely recognize the continued endurance and assist of our shareholders and companions as we work via the substantial quantity of extra documentation required to mirror the complete influence of our restructuring efforts. Above Food stays firmly dedicated to the best requirements of monetary reporting, transparency, and regulatory compliance.”
About Above Food Ingredients Inc.
Above Food Ingredients Inc. (NASDAQ: ABVE) is an agricultural and meals know-how firm whose imaginative and prescient is to create a more healthy world — breaking the cycle of world starvation, one seed, one area, and one chew at a time. Above’s sturdy chain of custody of plant proteins and proprietary seed growth capabilities, leverage the ability of synthetic intelligence-driven genomics and agronomy, and along with Palm’s monetary applied sciences will assist to break the worldwide cycle of starvation.
Cautionary Assertion Concerning Ahead-Trying Statements
This press launch might include “forward-looking info” inside the which means of the USA federal securities legal guidelines and relevant Canadian securities legal guidelines. These forward-looking statements usually are recognized by the phrases “imagine,” “venture,” “count on,” “anticipate,” “estimate,” “intend,” “technique,” future,” “alternative,” “plan,” “might,” “ought to,” “will,” “may,” “shall be,” will proceed,” and related expressions.
Ahead-looking statements symbolize present judgments about doable future occasions, together with, however not restricted to statements relating to expectations or forecasts of enterprise, operations, monetary efficiency, prospects, and different plans, intentions, expectations, estimates, and beliefs relating to the proposed transaction between Above Food and Palm Global, equivalent to statements relating to the mixed operations and prospects of Above Food and Palm Global, the present and projected market, progress alternatives and synergies for the mixed firm, the anticipated composition of the administration and board of administrators of the mixed firm, the anticipated buying and selling of the mixed firm on the Nasdaq, the submitting and approval of the Registration Assertion and the Prospectus, and the timing and completion of the proposed transaction, together with the satisfaction or waiver of all of the required circumstances thereto.
Components that might trigger precise occasions to differ embrace, however aren’t restricted to:
- all circumstances to the proposed transaction being met, together with Above Food and Palm Global agreeing to a type of plan of association, in addition to different circumstances set forth within the definitive merger settlement;
- the anticipated timing of regulatory approvals relating to the proposed transaction, the companies of Above Food and Palm Global and of the mixed firm and product launches of such companies and corporations;
- Above Food’s incapacity to file or make efficient the Registration Assertion or the ultimate Prospectus with the respective regulators;
- Above Food, Palm Global and the mixed firm’s compliance with, and modifications to, relevant legal guidelines and rules;
- Above Food and the mixed firm’s capacity to checklist the frequent shares of the mixed firm on Nasdaq;
- the flexibility to efficiently combine the companies of Above Food and Palm Global after the completion of the proposed transaction;
- the mixed firm’s capacity to obtain the anticipated advantages from the proposed transaction inside the anticipated time frames or in any respect; and
- the incurrence of sudden prices, liabilities or delays relating to the proposed transaction.
Ahead-looking statements are based mostly on the present expectations of Above Food’s administration and aren’t predictions of precise efficiency. These forward-looking statements are supplied for illustrative functions solely and aren’t meant to function, and should not be relied on, by any investor as a assure, an assurance, a prediction or a definitive assertion of truth or likelihood. You must rigorously think about all of the dangers and uncertainties described within the paperwork filed by Above Food with the USA Securities and Change Fee (“SEC”), which is offered on EDGAR at www.sec.gov/edgar.shtml. There could also be extra dangers that Above Food presently doesn’t know or that Above Food at present believes are immaterial that might additionally trigger precise outcomes to differ from these contained in forward-looking statements. As well as, forward-looking statements present Above Food’s expectations, plans or forecasts of future occasions and views as of the date of this communication. Above Food anticipates that subsequent occasions and developments will trigger Above Food’s assessments to change. Nevertheless, whereas Above Food might elect to replace these forward-looking statements sooner or later, Above Food particularly disclaims any obligation to achieve this. These forward-looking statements shouldn’t be relied upon as representing Above Food’s assessments as of any date subsequent to the date of this communication. Nothing herein needs to be thought to be a illustration by any individual that the forward-looking statements set forth herein shall be achieved or that any of the contemplated leads to such forward-looking statements shall be achieved. You shouldn’t place undue reliance on forward-looking statements on this communication, which communicate solely as of the date they’re made and are certified of their entirety by reference to the cautionary statements herein.
It’s doable that the Merger might not happen on the phrases supplied herein or within the Merger Settlement, on the anticipated timing or in any respect. Within the occasion that the Merger is terminated Above Food could also be liable to pay a termination charge to Palm Global, topic to the exact phrases of the Merger Settlement.
Further Info and The place to Discover It:
INVESTORS AND SECURITY HOLDERS OF ABOVE FOOD ARE URGED TO READ THE DOCUMENTS FILED WITH THE SEC, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT ABOVE FOOD. Buyers and
safety holders shall be in a position to acquire free copies of the paperwork filed with the SEC by Above Food via the web site maintained by the SEC at http://www.sec.gov. Copies of the paperwork filed with the SEC by Above Food are additionally accessible free of cost on Above Food’s web site at https://abovefood.com or by contacting Above Food’s Investor Relations Division at 2305 Victoria Ave #002, Regina, Saskatchewan, Canada, S4P 0S7
To view the supply model of this press launch, please go to https://www.newsfilecorp.com/release/279701
Supply: Above Food Ingredients Inc.
