Kisses From Italy INC
Market Movers (8-K)
OID
Kisses From Italy Inc. will be removed from the OTCQB market due to failing to maintain a minimum closing bid price of $0.01 per share.
Worse than expected
Delay expected
OID
8-K: Kisses From Italy Inc. Appoints New Independent Auditor Following Dismissal of BF Borgers CPA P.C.
Kisses From Italy Inc. has engaged Victor Mokuolu, CPA PLLC as its new independent auditor, effective May 16, 2024, following the dismissal of BF Borgers CPA P.C.
OID
Kisses From Italy Inc. has dismissed its auditor, BF Borgers CPA P.C., and received an extension from OTC Markets to regain compliance with listing standards.
Worse than expected
Delay expected
OID
Kisses From Italy Inc. has received notice from OTC Markets that its stock price has fallen below the minimum threshold for continued listing on the OTCQB market, triggering a 90-day cure period.
Worse than expected
OID
Kisses From Italy Inc. has terminated its strategic alliance with SC Culinary LLC and seen the resignation of Scott Conant from its board of directors, both effective February 8, 2024.
Quarterly Earnings (10-Q)
OID
Kisses From Italy Inc. reports a net loss for the third quarter of 2024, with significant revenue decline due to store closures and a focus on strategic restructuring.
Worse than expected
Capital raise
OID
Kisses From Italy Inc. reports a decrease in revenue for the six months ended June 30, 2024, primarily due to the closure of a restaurant location, while actively evaluating relocation options and managing operating expenses.
Worse than expected
Capital raise
OID
10-Q/A: Kisses From Italy Inc. Restates Q1 2024 Financials Due to Accounting Errors and Files Amended 10-Q/A
Kisses From Italy Inc. files an amended 10-Q/A to restate its financial statements for the quarter ended March 31, 2024, addressing prior accounting errors and including a review by an independent public accountant.
Worse than expected
Capital raise
OID
Kisses From Italy Inc. reports a decrease in revenue for Q1 2024 due to the closure of a store location, while actively evaluating relocation options and managing financial challenges.
Worse than expected
Capital raise
Annual Reports (10-K)
OID
Kisses From Italy Inc. reports a net loss of $4.87 million for 2023, impacted by restaurant closures and increased operating expenses, while shifting focus to acquisition transactions.
Capital raise
Worse than expected
New Public Companies (S-1)
OID
Kisses From Italy Inc. is filing an amendment to its registration statement to allow selling stockholders to resell up to 77,081,584 shares of common stock.
Capital raise
Worse than expected