Dalrada Financial Corp Faces Delisting Concerns

Ticker: DHTI · Form: 8-K · Filed: Jan 21, 2025 · CIK: 725394

Sentiment: bearish

Topics: delisting, listing-standards, regulatory-filing

TL;DR

Dalrada Financial Corp might get delisted, check their listing status ASAP.

AI Summary

Dalrada Financial Corporation filed an 8-K on January 21, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, with the earliest event date being January 13, 2025. The company, formerly known as Imaging Technologies Corp/CA and Personal Computer Products Inc, is incorporated in Wyoming and headquartered in Escondido, California.

Why It Matters

This filing indicates potential issues with Dalrada Financial Corp's continued listing on an exchange, which could impact its stock trading and investor confidence.

Risk Assessment

Risk Level: high — A notice of delisting or failure to meet listing standards is a significant negative event that can lead to severe consequences for a company's stock.

Key Players & Entities

FAQ

What specific listing rule or standard has Dalrada Financial Corporation failed to satisfy?

The filing does not specify the exact rule or standard that has not been met, only that a notice of delisting or failure to satisfy a continued listing rule or standard has been issued.

What is the earliest event date reported in this 8-K filing?

The earliest event date reported is January 13, 2025.

When was this 8-K filing submitted to the SEC?

This 8-K filing was submitted to the SEC on January 21, 2025.

What were Dalrada Financial Corporation's former names?

Dalrada Financial Corporation was formerly known as Imaging Technologies Corp/CA and Personal Computer Products Inc.

Where are Dalrada Financial Corporation's principal executive offices located?

Dalrada Financial Corporation's principal executive offices are located at 600 La Terraza Blvd., Escondido, California 92025.

Filing Stats: 603 words · 2 min read · ~2 pages · Grade level 14.2 · Accepted 2025-01-17 21:26:59

Filing Documents

01 Transfer of Listing

ITEM 3.01 Transfer of Listing Dalrada Financial Corporation's OTC Markets status changed to the "Expert Market" on OTCMarkets.com as of January 15, 2025. The reason for the change is the time frame for the filing of the Company's Annual Report on Form 10-K for its fiscal year ended June 30, 2024. On January 13, 2024, due to a change in auditors, Dalrada filed its 10-K Company's GAAP-based financial statements for the period ending June 30, 2024 late, without a report of its independent registered public accounting firm. The financial statements contained in that Annual Report on Form 10-K met the Alternative Reporting Standards of the OTC Markets Group Inc. and it was believed by management to fairly present the financial statements of the Company as at June 30, 2024 for the 12 months then ended. However, the filing was deficient as an annual report filed under Section 13 of the Securities Exchange Act of 1934 because such financial statements do not contain a report of the Company's PCAOB registered independent public accounting firm. As of January 13, 2024, that accounting firm had not completed its audit procedures in respect of the Company's financial deficiency through the filing of an amended Annual Report on Form 10-K as promptly as possible, which will include an audit report and a footnote to the Company's financial statements that will explain in tabular form any variances between the initial filing and the amended filing. S ignature Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: January 17, 2025 DALRADA FINANCIAL CORPORATION By: /s/ Brian Bonar Brian Bonar Officer, Director 2

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