NXT Energy Solutions Inc NT 20-F, filed May 2, 2023
NXT Energy Solutions Inc. (NSFDF)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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| FORM 12b-25 | SEC FILE NUMBER 000-024027 |
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NOTIFICATION OF LATE FILING
| (Check one): | ☐ Form 10-K | ☒ Form 20-F | ☐ Form 11-K | ☐ Form 10-Q | ☐ Form 10-D | ☐ Form N-SAR |
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| ☐ Form N-CSR |
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| For Period Ended December 31, 2022 |
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| ☐ | Transition Report on Form 10-K |
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| ☐ | Transition Report on Form 20-F |
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| ☐ | Transition Report on Form 11-K |
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| ☐ | Transition Report on Form 10-Q |
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| ☐ | Transition Report on Form N-SAR |
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| 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 |
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NXT Energy Solutions Inc. |
| Full Name of Registrant |
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Not applicable |
| Former Name if Applicable |
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Suite 302, 3320-17th Avenue S.W. |
| Address of Principal Executive Office (Street and Number) |
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Calgary, Alberta T3E 0B4 Canada |
| City, State and Zip Code |
PART 11 - 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 reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
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| (b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, 11-K Form N-SAR 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 of 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 |
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| (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 the reasons why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
The Registrant is unable to complete the required compilation, dissemination, and review of all information required for filing its Form 20-F Annual Report for the year ended December 31, 2022 within the prescribed time period without undue hardship and expense because the Registrant is short-staffed due to financial constraints. It is anticipated that the Form 20-F Annual Report, along with the audited financial statements, will be filed on or before the 15th calendar day following the prescribed due date of the Registrant’s Form 20-F.
PART IV - OTHER INFORMATION
| (1) | Name and telephone number of person to contact in regard to this notification | |||||
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| Eugene Woychyshyn |
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| 206 0805 | |
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| (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 | |||||
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| (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 | |||||
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| 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 |
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| NXT ENERGY SOLUTIONS INC. |
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| (Name of Registrant as Specified in Charter) |
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has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: May 2, 2023 | By | /s/ Eugene Woychyshyn |
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| Eugene Woychyshyn |
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| Chief Financial Officer |
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