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: September 30, 2022
☐ Transition Report on Form 10-K
☐ Transition Report on Form 20-F
☐ Transition Report on Form 11-K
☐ Transition Report on Form 10-Q
For the Transition Period Ended: ______________________________
| Read Instruction (on back page) Before Preparing Form. Please Print or Type | ||||||||
| 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 | ||||||||||||||
| Zovio Inc | ||||||||||||||
| Full Name of Registrant | ||||||||||||||
| N/A | ||||||||||||||
| Former Name if Applicable | ||||||||||||||
| 1811 E. Northrop Blvd. | ||||||||||||||
Address of Principal Executive Office (Street and Number) | ||||||||||||||
| Chandler, AZ 85286 | ||||||||||||||
| 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-SAR 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.
PART III – NARRATIVE
State below in reasonable detail the reasons 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.
Zovio Inc (the “Company”) is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for its quarter ended September 30, 2022 (the “Quarterly Report”). The Company is unable to file, without unreasonable effort or expense, its Quarterly Report within the prescribed time period due to the Company’s previously disclosed pending liquidation and dissolution, and the related costs and resources required to complete and review the financial statements to be included in such Quarterly Report. The Company intends to file its Quarterly Report as soon as practical.
PART IV – OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
| Kevin S. Royal | (858) | 668-2586 | |||||||||||||||
| (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 the 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.
Zovio Inc
(Name of Registrant as Specified in Charter)
has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: November 14, 2022 | By: | /s/ KEVIN ROYAL | ||||||
| Name: Kevin Royal | ||||||||
| Title: Chief Financial Officer | ||||||||