ipix_nt10q.htm

NT 10-Q 1 ipix_nt10q.htm NT 10-Q ipix_nt10q.htm

OMB APPROVAL

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 12b-25

NOTIFICATION OF LATE FILING

OMB Number: 3235-0058

Expires: April 30, 2025

Estimated average burden

hours per response . . . . . . 2.50

SEC FILE NUMBER

001-37357

CUSIP NUMBER

45782D100

(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: December 31, 2022

☐     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

Innovation Pharmaceuticals Inc.

Full Name of Registrant

N/A

Former Name if Applicable

301 Edgewater Place - Suite 100

Address of Principal Executive Office (Street and Number)

Wakefield, Massachusetts 01880

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 reason 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 Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Innovation Pharmaceuticals Inc. (the “Registrant”) was unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q (the “Quarterly Report”) for the period ended December 31, 2022 (the “Reporting Period”) by the February 14, 2023 filing due date applicable to non-accelerated filers due to a delay experienced by the Registrant in preparing its financial statements, and the Registrant’s outside auditors in completing their review of the financial statements, in time to permit the Registrant to finalize the Quarterly Report and furnish the XBRL Interactive Data File exhibits required by Item 601(b)(101) of Regulation S-K by the filing due date. The Registrant anticipates that it will file the Quarterly Report no later than the fifth calendar day following the prescribed filing due date.

PART IV — OTHER INFORMATION

(1)

Name and telephone number of person to contact in regard to this notification

Leo Ehrlich

(978)

921-4125

(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 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.

The Registrant anticipates reporting net loss for the three and six months ended December 31, 2022 of $0.4 million and $1.8 million, respectively, as compared to $1.9 million and $3.9 million for the three and six months ended December 31, 2021, respectively, largely as a result of decreased research and development expense (approximately $33,000 and $0.8 million for the three and six months ended December 31, 2022, respectively, compared to $1.6 million and $3.2 million for the three and six months ended December 31, 2021, respectively), partially offset by other income of $0.2 million in the prior year periods and no such other income in the current year periods.

Innovation Pharmaceuticals 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 February 15, 2023

By

/s/ Leo Ehrlich

Leo Ehrlich

Chief Executive Officer

and Chief Financial Officer

		OMB APPROVAL
	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 12b-25 NOTIFICATION OF LATE FILING	OMB Number: 3235-0058 Expires: April 30, 2025 Estimated average burden hours per response . . . . . . 2.50
		SEC FILE NUMBER 001-37357
		CUSIP NUMBER 45782D100

(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: December 31, 2022

	☐ 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: _____________________

	(a)	The reason 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.

(1)	Name and telephone number of person to contact in regard to this notification

	Leo Ehrlich	(978)	921-4125
	(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 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.

	The Registrant anticipates reporting net loss for the three and six months ended December 31, 2022 of $0.4 million and $1.8 million, respectively, as compared to $1.9 million and $3.9 million for the three and six months ended December 31, 2021, respectively, largely as a result of decreased research and development expense (approximately $33,000 and $0.8 million for the three and six months ended December 31, 2022, respectively, compared to $1.6 million and $3.2 million for the three and six months ended December 31, 2021, respectively), partially offset by other income of $0.2 million in the prior year periods and no such other income in the current year periods.