Company: AVNI
Filing Date: 2025-05-16
Form Type: NT 10-Q
Source: 0001713282-25-000480
Chunk: 1

Company: ARVANA INC
Filing Date: 2025-05-16
Form: NT 10-Q
Chunk 1
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66

206.353.5736

Exhibit to Form 12b-25

Statement by Independent Accountant</div>

To Whom It May Concern:

I, the undersigned, am the auditor for Arvana, Inc. (the “Company”). I am currently conducting an audit of the Company’s financial statements for the year ended December 31, 2024. In conducting my audit procedures, I have discovered potential errors in the accounting records of the Company which, in my professional opinion, may have caused the Company’s previously issued financial statements to contain material misstatements.

My audit of the Company’s financial statements for the year ended December 31, 2024 cannot be completed until the issues caused by these potential errors are resolved by the Company’s management. Therefore, I cannot issue the independent accountant’s audit report for the year ended December 31, 2024 at this time.

As a consequence of the ongoing audit procedures, as of May 15, 2025 (the due date for the Company to file Form 10-Q for the three-month period ended March 31, 2025) I am unable to furnish the required independent accountant’s review report related to my review of the Company’s financial statements for the three-month period ended March 31, 2025.

|                                      |     | 5/15/2025 |
|                                      |     | Date      |
| Michael Gillespie, CPA, MS Tax       |     |           |
| Michael Gillespie & Associates, PLLC |     |           |

| 2 |

PART III — NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report portion thereof, could not be filed within the prescribed time period.

Arvana, Inc. (the “Registrant”) is unable to file Form 10-Q Quarterly Report for the three-month period ended March 31, 2025 without unreasonable effort and expense by the due date on May 15, 2025. The Registrant’s current management is unable to complete the required review of the financial statements by May 15, 2025 because certain data required to be disclosed in the notes to the financial statements is not yet available to complete the filing. Also, as part of the year-end audit procedures performed on the financial statements for the year ended December 31, 2024 management became aware of certain potential errors that may