Longmont, CO (October 16, 2024) — S&W Seed Company (Nasdaq: SANW) provided an update with respect to the Late Filing of its Annual Report on Form 10-K for the fiscal year ended June 30, 2024.
The Company is continuing to work through reporting requirements as a component of the previously announced voluntary plan of administration (“VA”) for S&W Seed Company Australia Pty Ltd, a wholly-owned subsidiary of the Company, which was adopted on July 24, 2024.
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, 2024 and conduct a conference call as soon as possible.
About S&W Seed Company
Founded in 1980, S&W Seed Company is a global multi-crop, middle-market agricultural company headquartered in Longmont, Colorado. S&W’s vision is to be the world’s preferred proprietary seed company which supplies a range of sorghum, forage and specialty crop products that supports the growing global demand for animal proteins and healthier consumer diets. S&W is a global leader in proprietary sorghum and alfalfa seeds with significant research and development, production and distribution capabilities. Through a partnership, S&W is also focused on sustainable biofuel feedstocks primarily within camelina. For more information, please visit www.swseedco.com.