• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEW
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form NT 10-Q filed by NewAge Inc.

    5/10/22 4:40:24 PM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples
    Get the next $NBEV alert in real time by email
    NT 10-Q 1 form-nt10q.htm

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

    FORM 12b-25

     

    NOTIFICATION OF LATE FILING

     

    (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: March 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: ______________________________

     

    Read Instruction (on back page) Before Preparing Form. Please Print or Type.

    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  
       
    NewAge, Inc.  
    Full Name of Registrant  
       
       
    Former Name if Applicable  
       
    7158 S. FLSmidth Dr., Suite 250  
    Address of Principal Executive Office (Street and Number)  
       
    Midvale, UT 84047  
    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-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 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 the reasons 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. (Attach extra Sheets if Needed)

     

    NewAge, Inc. (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 (the “Form 10-Q”) within the prescribed period without unreasonable effort and expense. The Company continues to work to finalize its financial statements to be filed as part of its Annual Report on Form 10-K for the year ended December 31, 2021 (the “Form 10-K”) and requires additional time to complete the Form 10-K. Until the Company finalizes the Form 10-K, it will be unable to file the Form 10-Q without unreasonable effort and expense. The Company intends to file the Form 10-Q as soon as reasonably practicable after filing the Form 10-K.

     

    PART IV – OTHER INFORMATION

     

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

     

      Kevin Manion   (801)   813-3000
      (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 the answer is no, identify report(s).

    ☐ Yes ☒ No

     

    NewAge, Inc. has not filed its Annual Report on Form 10-K for the year ended December 31, 2021.

     

    (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.

     

     
     

     

    NewAge, 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: May 10, 2022 By: /s/ Kevin Manion
        Kevin Manion,
        Chief Financial Officer

     

     

     

    Get the next $NBEV alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $NBEV

    DatePrice TargetRatingAnalyst
    8/10/2021$6.50 → $6.00Buy
    Roth Capital
    More analyst ratings

    $NBEV
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    NewAge, Inc. Announces Sale of Legacy Direct Store Distribution Division

    SALT LAKE CITY, Sept. 09, 2022 (GLOBE NEWSWIRE) -- NewAge, Inc. (OTC:NBEVQ) (the "Company"), the Utah-based direct-to-consumer (D2C) organic and healthy products company, today announced that its wholly-owned subsidiaries, NABC, Inc. and NABC Properties, LLC (together, "NABC"), have entered into a definitive agreement to sell the legacy direct store distribution ("DSD") division to Legacy Distribution Group, a Colorado-based distribution company. The transaction is expected to be completed in the fourth quarter of 2022, and closing will be subject to court approval in the Company's pending bankruptcy case. The Company believes the DSD business is one of the largest independent distributo

    9/9/22 4:01:35 PM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    NewAge, Inc. Announces That Its Common Stock Has Ceased Trading on Nasdaq

    SALT LAKE CITY, Sept. 08, 2022 (GLOBE NEWSWIRE) -- NewAge, Inc. (the "Company") today announced that its common stock has been suspended from trading on The Nasdaq Stock Market due to its voluntary filing for relief under Chapter 11 of the United States Bankruptcy Code on August 30, 2022 and the Company's inability to remain compliant with the listing requirements of The Nasdaq Stock Market. As previously disclosed, the Company does not intend to appeal the suspension and anticipated delisting of its stock from The Nasdaq Stock Market. Effective September 8, 2022, the Company's common stock is expected to begin trading on the OTC Market under the trading symbol "NBEVQ." Investors can find

    9/8/22 3:30:12 PM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    NewAge, Inc. Receives Court Approval of First Day Motions

    SALT LAKE CITY, Sept. 02, 2022 (GLOBE NEWSWIRE) -- NewAge, Inc. (NASDAQ:NBEV) (the "Company") today announced that the U.S. Bankruptcy Court for the District of Delaware has granted the Company interim approval for first day motions related to its Chapter 11 restructuring. The approved motions will support the Company's ongoing operations during its financial restructuring process. The Court granted the Company access to a debtor-in-possession ("DIP") financing facility of $16 million provided by DIP Financing, LLC, which combined with the Company's projected revenues, will support its operations during the Chapter 11 process. The Court has also authorized the Company to continue paying

    9/2/22 5:33:59 PM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    $NBEV
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    SEC Form 3 filed by new insider Crocker Michele

    3 - NewAge, Inc. (0001579823) (Issuer)

    3/16/22 7:11:45 PM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    SEC Form 3: New insider Hammerschmidt Judith Lynne claimed no ownership of stock in the company

    3 - NewAge, Inc. (0001579823) (Issuer)

    12/10/21 11:52:48 AM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    SEC Form 4: Cooper Fred W was granted 11,968,470 shares

    4 - NewAge, Inc. (0001579823) (Issuer)

    11/23/21 5:25:14 PM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    $NBEV
    SEC Filings

    View All

    NewAge Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Statements and Exhibits

    8-K - NewAge, Inc. (0001579823) (Filer)

    9/15/22 5:00:37 PM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    SEC Form 25-NSE filed by NewAge Inc.

    25-NSE - NewAge, Inc. (0001579823) (Subject)

    9/14/22 9:52:26 AM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    NewAge Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

    8-K - NewAge, Inc. (0001579823) (Filer)

    9/2/22 5:22:14 PM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    $NBEV
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Roth Capital reiterated coverage on NewAge with a new price target

    Roth Capital reiterated coverage of NewAge with a rating of Buy and set a new price target of $6.00 from $6.50 previously

    8/10/21 9:23:04 AM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    $NBEV
    Leadership Updates

    Live Leadership Updates

    View All

    NewAge, Inc. Announces Departure of Chief Financial Officer and Appointment of Principal Financial Officer

    SALT LAKE CITY, July 08, 2022 (GLOBE NEWSWIRE) -- NewAge, Inc. (NASDAQ:NBEV) (the "Company" or "NewAge"), today announced that Kevin Manion, Chief Financial Officer, departed the Company as of July 1, 2022. Lawrence Perkins, who along with his firm SierraConstellation Partners LLC have been engaged to provide Chief Restructuring Officer (CRO) and other services to the Company, will assume the role of the Company's principal financial officer on an interim basis. "On behalf of NewAge, I want to thank Kevin for his contributions to our team. Kevin joined us in the middle of a major integration, and he resolved many operating issues for us. We wish him all the best," said Ed Brennan, NewAge'

    7/8/22 6:00:00 AM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    NewAge, Inc. Appoints Michele Crocker to its Board of Directors

    SALT LAKE CITY, March 03, 2022 (GLOBE NEWSWIRE) -- NewAge, Inc. (NASDAQ:NBEV), a direct selling company with a primary focus on healthy products, today announced the appointment of Michele Crocker to its Board of Directors. "I am delighted to welcome Michele to our Board of Directors," said Ed Brennan, Chairman of NewAge's Board. "Her strong background in the direct selling industry and her expertise in implementing programs that significantly improve recruitment, retailing and retention, will complement our existing Board and provide important insights into developing our most valuable asset – our Brand Partners." Ms. Crocker is Chief Operating Officer at CIENCE, a data company offering

    3/3/22 6:00:00 AM ET
    $HLF
    $NBEV
    Other Pharmaceuticals
    Health Care
    Beverages (Production/Distribution)
    Consumer Staples

    NewAge, Inc. Appoints Judith Hammerschmidt to Board of Directors

    DENVER, Dec. 01, 2021 (GLOBE NEWSWIRE) -- NewAge, Inc. (NASDAQ:NBEV), the Colorado-based direct-to-consumer (D2C) organic and healthy products company, announced today the appointment of Judith Hammerschmidt to its Board of Directors. "Judy has an impressive background having spent many years as outside counsel and as a board member helping companies expand in highly regulated industries," said Brent Willis, NewAge's Chief Executive Officer. "We enthusiastically welcome Judy to our Board and look forward to drawing upon her broad experience as we continue our growth and expansion for the benefit of our many stakeholders." Ms. Hammerschmidt has more than three decades of experience in cor

    12/1/21 4:05:00 PM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    $NBEV
    Financials

    Live finance-specific insights

    View All

    NewAge, Inc. Delays Fourth Quarter and Full Year 2021 Financial Results Conference Call

    SALT LAKE CITY, March 15, 2022 (GLOBE NEWSWIRE) -- NewAge, Inc. (NASDAQ:NBEV), a direct selling company with a primary focus on healthy products, today announced its fourth quarter and full year 2021 earnings release and conference call will be rescheduled to allow additional time to complete its Annual Report on Form 10-K. The Company will be filing a Form 12b-25, Notification of Late Filing, on March 16, 2022, which will provide the Company with a 15-day extension to file its Form 10-K. The Company expects to report financial results for the quarter and full year ended December 31, 2021, on or before March 31, 2022, the expiration date of the extension period. Updated conference call det

    3/15/22 4:05:00 PM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    NewAge, Inc. to Report Fourth Quarter and Full Year 2021 Financial Results on March 16

    SALT LAKE CITY, Feb. 25, 2022 (GLOBE NEWSWIRE) -- NewAge, Inc. (NASDAQ:NBEV), a direct-to-consumer (D2C) healthy products company, today announced that it will release financial results for its fourth quarter and full year ended December 31, 2021, after the market close on Wednesday, March 16, 2022. A conference call and audio webcast with analysts and investors will be held that afternoon at 5:00 p.m. Eastern Time/3:00 p.m. Mountain Time to discuss the results and answer questions. Live conference call: 1-877-407-3982 (domestic) or 1-201-493-6780 (international) with conference ID: 13727435.Live and archived webcast will be available here and on the Events page of NewAge's investor rela

    2/25/22 6:05:00 AM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    NewAge, Inc. Announces Third Quarter 2021 Financial Results With Revenue Growth of 59%

    DENVER, Nov. 09, 2021 (GLOBE NEWSWIRE) -- NewAge, Inc. (NASDAQ:NBEV), the Colorado-based direct-to-consumer (D2C) organic and healthy products company, today announced financial results for the third quarter of 2021. Third Quarter 2021 Highlights -Net revenue increased 59% to $100 million compared to $63 million in the third quarter of 2020 -Gross profit was $66 million compared to $37 million in the prior year third quarter, an increase of $29 million -Gross margin reached 66.3% of net revenue compared to 59.8% of revenue in the prior year third quarter, up 6.5 points -Net income improved $11.4 million to ($2.7) million, or ($0.02) per basic share -Adjusted EBITDA1 improved $4.0 million t

    11/9/21 4:01:00 PM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    $NBEV
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    SEC Form SC 13G filed by NewAge Inc.

    SC 13G - NewAge, Inc. (0001579823) (Subject)

    7/8/22 4:56:55 PM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples

    SEC Form SC 13G/A filed by NewAge Inc. (Amendment)

    SC 13G/A - NewAge, Inc. (0001579823) (Subject)

    2/3/22 4:41:33 PM ET
    $NBEV
    Beverages (Production/Distribution)
    Consumer Staples