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Stock impact report

Procaps Group Delays Filing of Annual Report on Form 20-F [Yahoo! Finance]

Procaps Group, S.A. (PROC) 
Company Research Source: Yahoo! Finance
healthcare and pharmaceutical services company, today announced that it has determined it is unable to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2023, within the prescribed time period. Additional time is necessary to prepare and complete the Company's review of its financial statements for the year ended December 31, 2023, in order for the Company to file its annual report on Form 20-F, including with respect to an ongoing internal investigation initiated by the Company's Audit Committee with the assistance of external advisors into matters involving the Company's historical accounting treatment and associated financial statement disclosure related to a 2012 loan in the amount of approximately $2.5 million that involved related parties. The Company is working diligently to complete its financial statements in order to file its Form 20-F as soon as practicable before May 15, 2024. The Company expects to hold a business update call in conjunction Show less Read more
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