<SEC-DOCUMENT>0001140361-22-018514.txt : 20220510
<SEC-HEADER>0001140361-22-018514.hdr.sgml : 20220510
<ACCEPTANCE-DATETIME>20220510171444
ACCESSION NUMBER:		0001140361-22-018514
CONFORMED SUBMISSION TYPE:	NT 10-Q
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220331
FILED AS OF DATE:		20220510
DATE AS OF CHANGE:		20220510
EFFECTIVENESS DATE:		20220510

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VirnetX Holding Corp
		CENTRAL INDEX KEY:			0001082324
		STANDARD INDUSTRIAL CLASSIFICATION:	PATENT OWNERS & LESSORS [6794]
		IRS NUMBER:				770390628
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33852
		FILM NUMBER:		22911000

	BUSINESS ADDRESS:	
		STREET 1:		308 DORLA COURT
		STREET 2:		SUITE 206
		CITY:			ZEPHYR COVE
		STATE:			NV
		ZIP:			89448
		BUSINESS PHONE:		(831) 438-8200

	MAIL ADDRESS:	
		STREET 1:		308 DORLA COURT
		STREET 2:		SUITE 206
		CITY:			ZEPHYR COVE
		STATE:			NV
		ZIP:			89448

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PASW INC
		DATE OF NAME CHANGE:	20001109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PACIFIC SOFTWORKS INC
		DATE OF NAME CHANGE:	19990322
</SEC-HEADER>
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<TYPE>NT 10-Q
<SEQUENCE>1
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<DESCRIPTION>NT 10-Q
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              <div style="text-align: center; color: rgb(0, 0, 0);">SEC FILE NUMBER</div>
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                <div style="text-align: center; color: rgb(0, 0, 0);">001-33852</div>
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              <div style="text-align: center; color: rgb(0, 0, 0);">CUSIP NUMBER</div>
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              <div style="text-align: center; color: rgb(0, 0, 0);">92823T108</div>
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      <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
      <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
      <div>&#160;</div>
      <div style="text-align: center; font-size: 18pt; font-weight: bold;">FORM 12b-25</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">NOTIFICATION OF LATE FILING</div>
      <div>&#160;</div>
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              <div style="text-align: right; color: rgb(0, 0, 0); font-style: italic;">(Check one):</div>
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              <div style="color: rgb(0, 0, 0);">&#9744; Form 10-K &#9744; Form 20-F &#9744; Form 11-K &#9746; Form 10-Q</div>
              <div style="color: rgb(0, 0, 0);">&#9744; Form 10-D &#9744; Form N-CEN &#9744; Form N-CSR</div>
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            <td style="width: 18.92%; vertical-align: middle;">&#160;</td>
            <td style="width: 80.97%; vertical-align: middle;">&#160;</td>
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              <div style="color: rgb(0, 0, 0);">For Period Ended: <u>March 31, 2022</u></div>
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            <td style="width: 18.92%; vertical-align: middle;">&#160;</td>
            <td style="width: 80.97%; vertical-align: middle;">&#160;</td>
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            <td style="width: 18.92%; vertical-align: top;">&#160;</td>
            <td style="width: 80.97%; vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0);">&#9744; Transition Report on Form 10-K</div>
            </td>
          </tr>
          <tr>
            <td style="width: 18.92%; vertical-align: middle;">&#160;</td>
            <td style="width: 80.97%; vertical-align: middle;">&#160;</td>
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            <td style="width: 18.92%; vertical-align: top;">&#160;</td>
            <td style="width: 80.97%; vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0);">&#9744; Transition Report on Form 20-F</div>
            </td>
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            <td style="width: 18.92%; vertical-align: middle;">&#160;</td>
            <td style="width: 80.97%; vertical-align: middle;">&#160;</td>
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            <td style="width: 18.92%; vertical-align: top;">&#160;</td>
            <td style="width: 80.97%; vertical-align: bottom;">
              <div style="color: rgb(0, 0, 0);">&#9744; Transition Report on Form 11-K</div>
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            <td style="width: 18.92%; vertical-align: middle;">&#160;</td>
            <td style="width: 80.97%; vertical-align: middle;">&#160;</td>
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            <td style="width: 18.92%; vertical-align: top;">&#160;</td>
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              <div style="color: rgb(0, 0, 0);">&#9744; Transition Report on Form 10-Q</div>
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            <td style="width: 18.92%; vertical-align: middle;">&#160;</td>
            <td style="width: 80.97%; vertical-align: middle;">&#160;</td>
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            <td style="width: 18.92%; vertical-align: top;">&#160;</td>
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              <div style="color: rgb(0, 0, 0);">For the Transition Period Ended:</div>
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              <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.</div>
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      <div>&#160;</div>
      <div>If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">PART I &#8212; REGISTRANT INFORMATION</div>
      <div>&#160;</div>
      <div style="text-align: center; font-size: 24pt; font-weight: bold;">VirnetX Holding Corporation</div>
      <div style="text-align: center;">Full Name of Registrant</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">Not applicable</div>
      <div style="text-align: center;">Former Name if Applicable</div>
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      <div style="text-align: center; font-weight: bold;">308 Dorla Court, Suite 206</div>
      <div style="text-align: center;">Address of Principal Executive Office <font style="font-style: italic;">(Street and Number)</font></div>
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      <div style="text-align: center; font-weight: bold;">Zephyr Cove, Nevada 89448<br>
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      <div style="text-align: center;">City, State and Zip Code</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">PART II &#8212; RULES 12b-25(b) AND (c)</div>
      <div>&#160;</div>
      <div>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)</div>
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              <div style="color: rgb(0, 0, 0);">(a)</div>
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              <div style="color: rgb(0, 0, 0);">The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;</div>
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            <td style="width: 0.88%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
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              <div style="color: rgb(0, 0, 0);">(b)</div>
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              <div style="color: rgb(0, 0, 0);">The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN 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</div>
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              <div style="color: rgb(0, 0, 0);">(c)</div>
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              <div style="color: rgb(0, 0, 0);">The accountant&#8217;s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.</div>
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      <div>&#160;</div>
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      <div style="text-align: center; font-weight: bold;">PART III &#8212; NARRATIVE</div>
      <div>&#160;</div>
      <div>State below in reasonable detail 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.</div>
      <div>&#160;</div>
      <div>VirnetX Holding Corporation, a Delaware corporation (the &#8220;Company&#8221;), is filing this Notification of Late Filing on Form 12b-25 with respect to its Quarterly Report on Form 10-Q for the period ended March 31, 2022 (the &#8220;Form 10-Q&#8221;). The Company
        has determined that it is unable to file the Form 10-Q within the prescribed time period.</div>
      <div><br>
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      <div>On May 9, 2022, the Company&#8217;s Board of Directors determined that the Company needed to amend its Annual Report on Form 10-K for the year ended December 31, 2021 to correct an overstatement of its deferred tax asset to remove expired options. The
        Company will file the Form 10-Q following the filing of a Form 10-K/A to correct the overstatement that is expected to be within the 5 days provided for by this filing of this Form 12b-25.</div>
      <div>&#160;</div>
      <div>For these reasons, the Company is unable to finalize its financial results and to file the Form 10-Q within the prescribed time period without unreasonable effort or expense.</div>
      <div>&#160;</div>
      <div style="text-align: center; font-weight: bold;">PART IV &#8212; OTHER INFORMATION</div>
      <div style="text-align: center;"><font style="font-weight: bold;"> </font><br>
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            <td style="width: 35.75pt; vertical-align: top; color: rgb(0, 0, 0);">(1)</td>
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              <div style="color: rgb(0, 0, 0);">Name and telephone number of person to contact in regard to this notification</div>
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            <td style="width: 5%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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              <div style="text-align: center; color: rgb(0, 0, 0);">Jon Weaklend</div>
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            <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
            <td style="width: 11%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center; color: rgb(0, 0, 0);">775</div>
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            <td style="width: 2%; vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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              <div style="text-align: center; color: rgb(0, 0, 0);">(Name)</div>
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              <div style="text-align: center; color: rgb(0, 0, 0);">(Area Code)</div>
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            <td style="width: 2%; vertical-align: bottom;">&#160;</td>
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              <div style="text-align: center; color: rgb(0, 0, 0);">(Telephone Number)</div>
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            <td style="width: 35.75pt; vertical-align: top; color: rgb(0, 0, 0);">(2)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">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 answer is no, identify report(s). Yes &#9746; No &#9744;</div>
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                <div>&#160;</div>
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            <td style="width: 35.75pt; vertical-align: top; color: rgb(0, 0, 0);">(3)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="color: rgb(0, 0, 0);">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 &#9744; No &#9746;</div>
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      <div style="margin-left: 36pt; color: rgb(0, 0, 0);">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.</div>
      <div>&#160;</div>
      <div style="text-align: center; color: rgb(0, 0, 0); font-weight: bold;">VirnetX Holding Corporation</div>
      <div style="text-align: center; color: rgb(0, 0, 0);">(Name of Registrant as Specified in Charter)</div>
      <div>&#160;</div>
      <div>has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.</div>
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            <td style="width: 5%; vertical-align: middle;">&#160;</td>
            <td style="width: 30%; vertical-align: middle;">&#160;</td>
            <td style="width: 32%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.19%; vertical-align: middle;">&#160;</td>
            <td style="width: 30%; vertical-align: middle;">&#160;</td>
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          <tr>
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              <div style="color: rgb(0, 0, 0);">Date</div>
            </td>
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              <div>
                <div style="color: rgb(0, 0, 0);">May 10, 2022</div>
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              <div style="color: rgb(0, 0, 0);">By</div>
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              <div>
                <div style="color: rgb(0, 0, 0);">/s/ Kendall Larsen</div>
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            <td style="width: 5%; vertical-align: bottom;">&#160;</td>
            <td style="width: 30%; vertical-align: bottom;">&#160;</td>
            <td style="width: 32%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3.19%; vertical-align: bottom;"><br>
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              <div style="color: rgb(0, 0, 0);">Name: Kendall Larsen</div>
              <div style="color: rgb(0, 0, 0);">Title: Chief Executive Officer</div>
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        </div>
        <div>&#160;</div>
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