UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
(Amendment No. 2)
(Mark One)
☒
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2022
or
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from
to
Commission File Number: 001-55648
INNOVATIVE PAYMENT SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)
Nevada | | N/A |
(State or other jurisdiction of incorporation or organization) | | (I.R.S. Employer Identification No.) |
56B 5th Avenue, Lot 1 #AT Carmel By The Sea, CA | | 93921 |
(Address of principal executive offices) | | (Zip Code) |
(866) 477-4729
(Registrant’s telephone number, including
area code)
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
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|
|
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Securities registered pursuant to Section 12(g)
of the Act: None
Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements
for the past 90 days. Yes ☒ No ☐
Indicate by check mark whether the registrant
has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted
pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit and post such files). Yes ☒
No ☐
Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large
accelerated filer,” “accelerated filer,” “non-accelerated filer” and “smaller reporting company”
in Rule 12b-2 of the Exchange Act.
Large accelerated filer ☐ | | Accelerated filer ☐ |
| | |
Non-accelerated filer ☒ | | Smaller reporting company ☒ |
| | |
Emerging growth company ☒ | | |
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☒
Indicate by check mark whether the registrant
is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐
No ☒
As of August 10, 2022, there were 376,901,679
shares of the Company’s common stock issued and outstanding.
EXPLANATORY NOTE
The purpose of this Amendment
No. 2 (this “Amendment No. 2”) to our Quarterly Report on Form 10-Q for the period ended June 30, 2022 (the “Form 10-Q”),
as filed with the Securities and Exchange Commission (the “SEC”) on August 11, 2022, as amended by Amendment No. 1 thereto,
filed with the SEC on August 16, 2022 (“Amendment No. 1”), is solely to correct a typographical error related to the whether
the registrant is a shell company (as defined in Rule 12b-2 of the Securities Act of 1933, as amended). The checkbox for this question
on the cover page of Amendment No. 1 was inadvertently checked “yes” when it should have been checked “no” (as
the registrant is not a shell company). This checkbox was checked “no” in the original Form 10-Q, and is checked “no”
in this Amendment No. 2.
In addition, as required
by Rule 12b-15 under the Securities Exchange Act of 1934, as amended, new certifications of our principal executive officer and principal
financial officer are filed as exhibits to this Amendment.
This Amendment No. 2 makes
no other changes to the Form 10-Q as filed with the SEC on August 11, 2022 or Amendment No. 1 filed on August 16, 2022, and no attempt
has been made in this Amendment to modify or update the other disclosures presented in the Form 10-Q. This Amendment No. 2 does not reflect
subsequent events occurring after the original filing of the Form 10-Q (i.e., those events occurring after August 11, 2022) or modify
or update in any way those disclosures that may be affected by subsequent events. Accordingly, this Amendment should be read in conjunction
with the Form 10-Q and our other filings with the SEC.
Item 6. Exhibits
Exhibits required by Item 601 of Regulation
S-K
The following exhibits are
filed as part of, or incorporated by reference into, this Quarterly Report on Form 10-Q/A.
| (1) | Incorporated by reference to the registrant’s Form 10-Q
filed with the SEC on August 11, 2022. |
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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Innovative Payment Solutions, Inc. |
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Date: October 28, 2022 |
By: |
/s/ William D. Corbett |
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William D. Corbett |
|
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Chief Executive Officer
(Principal Executive Officer) |
Date: October 28, 2022 |
By: |
/s/ Richard Rosenblum |
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Richard Rosenblum |
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President & Chief Financial Officer |
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(Principal Financial and Accounting Officer) |
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