S&W Seed provides update on Late Filing of its 10-K report

S&W Seed Company provided an update with respect to the Late Filing of its Annual Report on Form 10-K for the fiscal year ended June 30. The Company is continuing to work through reporting requirements as a component of the previously announced voluntary plan of administration for S&W Seed Company Australia, a wholly-owned subsidiary of the Company, which was adopted on July 24. As part of its year-end closing procedures, the Company also reviewed applicable segment reporting requirements and concluded it did not prepare its fiscal year 2024 financial statements to include separate information regarding its reporting segments. Due to the change in its reportable segments, the Company is analyzing the impacts of this change under ASC 250, Accounting Changes and Error Corrections, and is working to prepare all necessary segment disclosures with a goal to file its 10-K for the fiscal year ended June 30 and conduct a conference call as soon as possible.