• ARAX filed its Form 10-K for the fiscal year ended Oct. 31, 2024 on June 10, 2026, restoring a key reporting milestone.
• The filing follows disruption tied to former auditor BF Borgers, which the SEC charged with fraud affecting more than 1,500 filings.
• ARAX also restated parts of its 2023 Form 10-K as part of its remediation efforts.
• Management targets becoming current on remaining SEC reports, including the 2025 Form 10-K and Q1-Q3 quarterlies, within six to eight weeks.
• The SEC action cited about $14 million in combined penalties for BF Borgers, alongside a permanent bar from practicing before the SEC.

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