SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTIFICATION OF LATE FILING
SEC FILE NUMBER
|(Check one):||¨ Form 10-K||¨ Form 20-F||¨ Form 11-K||x Form 10-Q||¨ Form 10-D|
|¨ Form N-CEN||¨ Form N-CSR|
For Period Ended: March 31, 2020
|¨ 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
XPRESSPA GROUP, INC.
Full Name of Registrant
Former Name if Applicable
254 WEST 31ST STREET, 11TH FLOOR
Address of Principal Executive Office (Street and Number)
NEW YORK, NEW YORK 10001
City, State and Zip Code
PART II -- RULE 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)
|x||(a)||The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;|
|x||(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.
XpresSpa Group, Inc. (the “Company”) cannot timely file its Form 10-Q for the period ended March 31, 2020 (the “Quarterly Report”), originally due on May 15, 2020, due to disruptions from the unprecedented conditions surrounding the outbreak and spread of the coronavirus pandemic (“COVID-19”). On May 11, 2020, the Company availed itself of an extension to file its Quarterly Report in reliance on the Securities and Exchange Commission’s (the “SEC”) order under Section 36 of the Securities Exchange Act of 1934, as amended, granting exemptions from the reporting and proxy delivery requirements for public companies (Release No. 34-88465), dated March 25, 2020 (the “Order”). The Order provided the Company with a 45-day extension period, which can be subsequently extended by this Form 12b-25. The Company continues to experience delays in operations and business for the reasons previously disclosed in its Current Report on Form 8-K filed with the SEC on March 30, 2020, which is hereby incorporated by reference. Such delays have been further exacerbated by delays which occurred in connection with the preparation of the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, for the same reasons referred to above. This has, in turn, delayed the Company’s ability to complete its financial reporting process and prepare the Quarterly Report. The delay could not be eliminated by the Company without undue expense and unreasonable effort. The Company will file the subject Quarterly Report no later than July 6, 2020.
PART IV -- OTHER INFORMATION
|(1)||Name and telephone number of person to contact in regard to this notification|
|(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).|
|x 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 x 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.
XPRESSPA GROUP, INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.
|Date: June 29, 2020||By:||/s/Douglas Satzman|
|Name: Douglas Satzman|
|Title: Chief Executive Officer|