Item 8.01 Other Events.
Cannonau Corp. (the "Company") will be relying on the Securities and Exchange
Commission's Order under Section 36 of the Securities Exchange Act of 1934
Granting Exemptions From Specified Provisions of the Exchange Act and Certain
Rules There under dated March 4, 2020 (Release No. 34-88318) (the "Order") to
delay the filing of its Annual Report on Form 10-K for the year ended December
31, 2019 (the "Report") due to the circumstances related to COVID-19. In
particular, COVID-19 has caused severe disruptions in transportation and the
displacement of the Company's personnel and third-party service providers,
resulting in limited support from its staff and professional advisors. This has
delayed the Company's ability to complete financial statements and audit
thereof, which, in turn, has delayed the Company's ability to prepare the
Report. Notwithstanding the foregoing, the Company expects to file the Report no
later than May 14, 2020 (which is 45 days from the Report's original filing
deadline of March 30, 2020). In light of the current COVID-19 pandemic, the
Company will be including the following risk factor in its Report:
An occurrence of an uncontrollable event such as the COVID-19 pandemic may
negatively affect our operations.
The occurrence of an uncontrollable event such as the COVID-19 pandemic may
negatively affect our operations. A pandemic typically results in social
distancing, travel bans and quarantine, and this may limit access to our
facilities, customers, management, support staff and professional advisors.
These factors, in turn, may not only impact our operations, financial condition
and demand for our products, but our overall ability to react timely to mitigate
the impact of this event. Also, it may hamper our efforts to comply with our
filing obligations with the Securities and Exchange Commission.
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