C1 Fund Inc. (NYSE: CFND) announced today that it is unable to complete and file its Annual Report on Form N-CSR and transmit its annual report to shareholders for the period ended December 31, 2025 within the prescribed time period without unreasonable effort or expense. The Fund has received notice from the New York Stock Exchange in connection with the late filing, which has no immediate effect on the listing of the Fund’s common stock on the NYSE.
As previously disclosed in the Fund’s Notification of Late Filing on Form NT-NCSR, the Fund requires additional time to complete documentation relating to valuation and accounting for its investments and to finalize the related financial statements. In addition, the Fund’s independent registered public accounting firm requires additional time to complete its audit documentation.
The Fund is working diligently to complete the necessary work and file the Form N-CSR as soon as possible. The Fund was unable to file the Form N-CSR within the 15-day extension period under Rule 12b-25. Upon filing the Form N-CSR within the NYSE cure period, the Fund expects to regain compliance with NYSE continued listing standards. The annual report will be transmitted to shareholders promptly following completion and filing of the Form N-CSR. The Fund continues to operate in the ordinary course consistent with its investment mandate.
About C1 Fund Inc.
C1 Fund Inc. (NYSE: CFND) is a publicly traded closed-end fund providing public-market investors with exposure to late-stage digital asset services and technology companies. The Fund is managed by C1 Advisors LLC and is headquartered in Palo Alto, California.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on these statements, which speak only as of the date hereof. Investing involves risk, including the possible loss of principal.
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Contacts
For Media Enquiries contact:
media@c1fund.com
