STOCK TITAN

SEATECH Ventures (NASDAQ: SEAV) delays 2025 Form 10-K; CEO cites accounting review

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
NT 10-K

Rhea-AI Filing Summary

SEATECH VENTURES CORP. notified the SEC it cannot timely file its Annual Report on Form 10-K for the period ended December 31, 2025 and expects to file within the fifteen-calendar-day grace period provided by Rule 12b-25. The company cites a recent transition in executive leadership and an internal review of historical accounting records and internal controls as the reason for the delay. The notification is signed by Lee Marcus Sherray on March 30, 2026.

Positive

  • None.

Negative

  • None.

Insights

Delay driven by leadership transition and accounting review; timing within allowable grace period.

The filing states the company is conducting a comprehensive review of historical accounting records, internal control over financial reporting, and prior-period transactions following a management and board transition. This review is the stated reason for needing additional time to compile supporting documentation and allow the independent auditor to complete audit procedures.

Impact appears administrative: the company expects to file within the fifteen-calendar-day Rule 12b-25 window. Stakeholders should watch subsequent filings for completion of the audit, any identified restatements, or material adjustments to reported results.

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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-SAR Form N-CSR      

 

For Period Ended: December 31, 2025

 

  Transition Report on Form 10-K
     
  Transition Report on Form 20-F
     
  Transition Report on Form 11-K
     
  Transition Report on Form 10-Q
     
  Transition Report on Form N-SAR

 

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

 

SEATECH VENTURES CORP.

 

Full Name of Registrant

 

N/A

 

Former Name if Applicable

 

11-05 & 11-06, Tower A, Ave 3, Vertical Business Suite, Jalan Kerinchi, Bangsar South

 

Address of Principal Executive Office (Street and Number)

 

59200 Kuala Lumpur, Malaysia.

 

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-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 the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

 

SEATECH VENTURES CORP. (the “Company”) is unable to file, without unreasonable effort or expense, its Annual Report on Form 10-K for the period ended December 31, 2025 (the “Form 10-K”) within the prescribed time period. This delay is primarily due to the recent transition in the Company’s executive leadership and board of directors. The newly appointed management team is conducting a comprehensive review of the Company’s historical accounting records, internal control over financial reporting, and certain prior-period transactions to ensure the highest level of accuracy and compliance. Additional time is needed for the Company to finalize the compilation and analysis of supporting documentation and to allow the Company’s independent registered public accounting firm sufficient time to complete its audit procedures on the consolidated financial statements. The Company remains committed to completing the filing as expeditiously as possible and expects to file the Form 10-K within the fifteen-calendar-day grace period provided by Rule 12b-25.

 

PART IV — OTHER INFORMATION

 

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

 

Lee Marcus Sherray, Chief Executive Officer   +852 9885 7555
(Name)   (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).
  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 ☒ No

 

 
 

 

SEATECH VENTURES CORP.

 

(Name of Registrant as Specified in Charter)

 

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: March 30, 2026 By: /s/ LEE MARCUS SHERRAY
    LEE MARCUS SHERRAY
    Chief Executive Officer, President, Chairperson and Director

 

 

 

FAQ

What did SEAV file with the SEC about its 2025 Form 10-K?

SEATECH VENTURES filed a Rule 12b-25 notification stating it cannot timely file its 2025 Form 10-K. The company cites a leadership transition and a review of historical accounting and internal controls and expects to file within the fifteen-calendar-day grace period.

When is SEATECH VENTURES expected to file the delayed 2025 Form 10-K?

The company expects to file the Form 10-K within the fifteen-calendar-day grace period under Rule 12b-25. The notification was signed on March 30, 2026, indicating the company anticipates completing audit and documentation work within that statutory window.

What reason did SEAV give for the late 10-K filing?

SEATECH VENTURES attributes the delay to a recent transition in executive leadership and the board, and a comprehensive review of historical accounting records, internal control over financial reporting, and certain prior-period transactions requiring additional audit time.

Who signed SEAV's Rule 12b-25 notification and how can the company be contacted?

The notification was signed by Lee Marcus Sherray, Chief Executive Officer, on March 30, 2026. The contact phone listed is +852 9885 7555 for further inquiries regarding the filing status.

Does the Rule 12b-25 filing indicate material earnings changes for SEAV?

The filing answers No to whether a significant change in results of operations is anticipated from the prior year. It does not disclose specific earnings figures or material adjustments in the notification itself.