Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB

SEC FILE NUMBER 001-33720
CUSIP NUMBER 75955K102

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: June 30, 2024

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

Remark Holdings, Inc.

Full Name of Registrant

Former Name of Registrant (If Applicable)

800 S. Commerce Street

Address of Principal Executive Office (Street and Number)

Las Vegas, NV 89106

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.

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PART III
NARRATIVE

State below in reasonable detail 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.

Remark Holdings, Inc. (“we” or "our") is unable to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the “Report”) without unreasonable effort or expense due to delays in obtaining and compiling information for inclusion in the Report. We expect to be able to file the Report on or before the fifth calendar day following its original prescribed due date.

PART IV
OTHER INFORMATION

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

Kai-Shing Tao			(702)			701-9514
(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 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

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.

In comparison to the three months ended June 30, 2023, we expect revenue during the three months ended June 30, 2024 to increase within a range of approximately $0.5 million to $0.6 million, primarily due to our completion of a large project in the U.S., the increased revenue from which was mostly offset by a decrease in revenue from China. Operating loss is also expected to improve by approximately $0.7 million to $0.8 million. Regarding other income and expense, we expect technology and development expense to decrease within a range of approximately $0.1 million to $0.3 million due to a decrease in payroll and related expense as a result of our reduction of staff in China, and we expect impairments to decrease within a range of approximately $0.3 million to $0.5 million primarily because the impairments we recognized during the three months ended June 30, 2023 did not repeat during the three months ended June 30, 2024.

Remark Holdings, 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			August 14, 2024			By			/s/ Kai-Shing Tao
						Name: Kai-Shing Tao Title: Chief Executive Officer

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