Browse Reports

CFN Enterprises Inc. is a consumer brand platform primarily focused on the wine and beverage sector, operating through subsidiaries such as J Street Capital Partners, an importer and wholesaler of wines and alcoholic beverages, and Prestige Worldwide Wine Company, a winemaking consulting firm. The company also operates CFN Media, a digital marketing agency specializing in advertising for the cannabis, hemp, and wellness industries. The company has recently expanded its wine and beverage operations through acquisitions and the formation of Interstice Cellars LLC, a specialty wine developer and retailer. It discontinued its hemp manufacturing subsidiary Ranco LLC due to federal legislation banning intoxicating hemp-derived consumable products. The company faces extensive regulation in both its wine and cannabis-related businesses and competes with established players in these fragmented markets. Financially, the company has a history of losses, substantial indebtedness, and a working capital deficit as of the latest reporting period.

Chilean Cobalt Corp. is a critical minerals exploration and development company focused on cobalt and copper projects in northern Chile's San Juan District, including the La Cobaltera and El Cofre projects. The company operates through its wholly-owned subsidiary Baltum Mineria SpA and holds 6,377 hectares of mining concessions. It aims to develop cobalt and copper resources to supply markets driven by lithium-ion battery demand and electrification. The company also has an option to acquire rare earth element projects in southern Chile. Chilean Cobalt has established strategic partnerships with Glencore and US Strategic Metals to create an Americas-centric supply chain for cobalt and copper concentrates. The company is advancing ESG initiatives and governance frameworks and is evaluating a potential uplisting to a national securities exchange. Operations to date have been funded through equity and debt financing, with no revenues generated yet. The company faces typical early-stage mining development risks and is dependent on securing additional capital for continued operations and project development [S1,S2].

American Fusion, Inc. is a Texas-based corporation focused on the development of advanced fusion energy technologies through its wholly owned subsidiary, Kepler Fusion Technologies Inc. The company completed a reverse merger with Kepler in February 2026, with Kepler treated as the accounting acquirer. Post-merger, Kepler's former shareholders hold approximately 89.7% of the voting rights. The company changed its name from Renewal Fuels, Inc. to American Fusion, Inc. in March 2026. The business is in an early development stage with limited operating history and no reported revenue. The company has incurred recurring losses and has a significant accumulated deficit. It also has liquidity challenges, with current liabilities exceeding current assets as of March 31, 2026. The company has entered into consulting agreements with its CEO and advisors and has launched a Government Procurement Services segment supporting a Canadian defense procurement requirement, which is separate from its core fusion energy development activities.

Intuit Inc is a technology company operating in the software application industry, providing financial management and tax preparation software and services. Its business segments include Global Business Solutions, Consumer, and ProTax, serving small and mid-market businesses as well as individual consumers. The company offers platforms such as QuickBooks, Mailchimp, and TurboTax, with revenues derived from subscription services, software sales, and connected services. Intuit maintains strong liquidity and capital resources, supported by cash reserves and credit facilities. The company actively manages share repurchases and adapts its operations to incorporate artificial intelligence technologies.

iQSTEL Inc is a publicly traded company on the Nasdaq Capital Market under the ticker IQST. The company operates in sectors including AI, digital services, fintech, cybersecurity, and digital health, as outlined in a May 2026 corporate presentation. iQSTEL reported quarterly revenue of approximately $97.9 million for Q1 2026, with a net loss of about $1.39 million and a diluted EPS of -$0.29. The company maintains a current ratio near 1.0, indicating near parity between current assets and liabilities, and holds cash and equivalents of approximately $2.6 million. In April 2026, iQSTEL entered into an equity purchase agreement allowing it to raise up to $50 million through common stock sales. Recent news coverage highlights margin improvements, preliminary revenue milestones, and a Nasdaq uplisting with ambitions to reach $1 billion in revenue. Analyst coverage includes reiterated buy recommendations. The company is classified as a smaller reporting company and is not a shell company.

Splash Beverage Group, Inc. operates in the beverage industry, focusing on branded beverage products. The company is headquartered in Fort Lauderdale, Florida, and is publicly traded on the NYSE American exchange under the ticker SBEV. The company has a board of five independent directors and key executive officers including a President and Chief Marketing Officer and an Interim Chief Financial Officer. Splash Beverage Group has been actively expanding its product distribution channels, including a recent expansion of its Pulpoloco Sangria brand with Total Wine & More. The company reported modest revenue in Q1 2026 alongside a net loss and faces liquidity constraints as reflected in its low current and cash ratios. The company has outstanding debt obligations and related party advances, with ongoing negotiations regarding loan repayment demands. Governance policies include a code of ethics and a clawback policy for incentive compensation. The company has received multiple buy recommendations from financial analysts in recent months.

Jaguar Health, Inc. operates in the biopharmaceutical sector, focusing on gastrointestinal health products for both human and animal markets. The company’s lead human prescription drug, Mytesi, is approved for symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy. Jaguar Health also markets Canalevia-CA1, a conditionally approved prescription drug for chronic idiopathic diarrhea in dogs. The company has licensed exclusive commercialization rights for these products in the United States to Woodward Specialty LLC, which is its primary revenue source. Jaguar Health has expanded its animal health portfolio with the launch of Neonorm Dog, a product aimed at companion animal gut health. The company is also integrating AI technology to enhance development and treatment applications of crofelemer, the active pharmaceutical ingredient in Mytesi. Jaguar Health’s operations include research and development, manufacturing through third-party contract manufacturers, and sales and marketing activities. The company faces challenges related to limited operating history, ongoing losses, liquidity constraints, and regulatory and supply chain risks. It has undertaken multiple reverse stock splits to maintain Nasdaq listing compliance and continues efforts to meet listing standards.

Innovative Food Holdings Inc is a specialty foodservice distributor that sources and sells a broad range of perishable and specialty food products, including gourmet cheeses, meats, seafood, and organic products. The company serves professional chefs across various venues such as restaurants, hotels, and catering services. It operates two main warehouses in Chicago and Denver, with capabilities to handle frozen, refrigerated, and ambient products, and holds certifications for food safety and quality. The company distributes products through local delivery, national distribution networks, and digital channels, having exited direct-to-consumer ecommerce. Revenue is concentrated among a few key customers, notably US Foods, Gate Gourmet, and Sam’s Club. The company has engaged in acquisitions and asset sales to refine its business focus.

I-ON Digital Corp. develops a secure digital asset ecosystem focused on real-world asset tokenization, especially gold-backed digital securities. The company uses a proprietary blockchain platform with smart contracts and AI to digitize ownership and geological data of gold and precious metals reserves, converting them into compliant digital tokens. These tokens facilitate liquidity and financial transactions such as collateralized lending and payments. I-ON's business model includes licensing its platform, providing escrow and custody services, and earning transaction fees. The company expanded its market presence through acquisition of Orebits Corp. in 2023, gaining patents and intellectual property to enhance its Digital Asset Platform. It targets institutional clients and claim holders with proven gold reserves, emphasizing compliance, transparency, and security. The company operates in a heavily regulated environment and maintains partnerships with technology providers to support platform development and compliance. Financially, I-ON reported $433,012 in revenue for 2025 and net income of $4.15 million for Q1 2026, though liquidity ratios indicate current constraints. The company faces competition from larger digital solutions providers and is focused on innovation and regulatory alignment to maintain its market position.

Roman DBDR Acquisition Corp. II is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands and listed on Nasdaq. The company has issued Class A and Class B ordinary shares and warrants. Its primary business objective is to complete a business combination, currently proposed with ThomasLloyd Climate Solutions, a company focused on sustainable energy and technology solutions, including entry into the US AI data center market. The company holds substantial assets in a Trust Account, primarily invested in money market funds, to fund the business combination. It operates with limited ongoing operations, incurring general and administrative expenses related to its SPAC activities and governance.

Cambium Networks Corp, formed in 2011 and headquartered in Illinois, operates globally through its subsidiary Cambium Networks, Ltd. The company designs and sells wireless broadband networking infrastructure products and solutions. It outsources manufacturing to third-party manufacturers primarily located outside the U.S., including Vietnam and Thailand, and distributes products through a concentrated base of distributors and value-added resellers. The company’s operations are subject to various environmental regulations and export controls. Cambium Networks emphasizes a corporate culture focused on innovation, integrity, and employee development. The company faces challenges including supply chain disruptions, component shortages, and geopolitical risks affecting international manufacturing and sales. Its shares were delisted from Nasdaq in March 2026 and now trade on the OTC Expert Market tier, resulting in reduced liquidity and trading activity. The company has experienced material weaknesses in internal controls and delays in SEC filings. Financially, as of March 31, 2026, it reported current assets of $94.2 million, current liabilities of $141.9 million, a current ratio of 0.66, and a net loss of $3.4 million for the quarter. Cambium Networks is working on cost reduction and liquidity improvement measures amid ongoing financial covenant noncompliance.

XWELL, Inc. operates as a global wellness organization focused on delivering health and restorative services to travelers. Its three main operating segments are XpresSpa, which offers spa services and travel products at major airports; XpresTest, which transitioned from COVID-19 testing to bio-surveillance programs at international airports; and Naples Wax Center, providing upscale hair removal and skincare services. The company has pursued growth through strategic acquisitions, expanded partnerships, and new wellness center openings. It maintains a focus on managing operating expenses and improving working capital to address recurring losses and negative cash flows. The company’s leadership team and board bring expertise in finance, healthcare, branding, and customer experience strategy.

Treasure Global Inc. operates primarily in fintech, digital asset platforms, and AI-powered consumer technology, with a geographic focus on Malaysia and Southeast Asia. The company has developed advanced AI cloud infrastructure and offers generative AI and AI digital human technology services through its subsidiary TADAA Technologies. It has formed strategic partnerships to enhance logistics and digital coupon solutions in Malaysia. The company has divested non-core food and beverage operations to streamline its focus on fintech and digital asset initiatives, including the OXI Wallet platform and real-world asset tokenization. Financially, as of March 31, 2026, Treasure Global reported revenue of $1.5 million and a net loss of $2.3 million, with liquidity ratios indicating a strong current ratio of 3.57 and a cash ratio of 0.54. The company also maintains an At The Market Offering Agreement to raise capital through common stock sales.

Webstar Technology Group Inc. was incorporated in 2015 and initially operated licensed software solutions. Since mid-2024, the company shifted focus to specialty real estate development, particularly multi-tenant buildings with green upgrades and entertainment/resort properties. The company formed a subsidiary, Forge Atlanta Asset Management LLC, to develop a 10-acre mixed-use project in Atlanta. The acquisition of the property closed in December 2025 for $34.5 million, financed partly through promissory notes currently in default and under restructuring discussions. The company has one full-time employee and relies on contractors and consultants. It has no revenue and minimal operating capital, with a net loss reported in the latest quarter. The company operates under emerging growth and smaller reporting company status, with reduced reporting requirements [S1][S2].

AppYea, Inc. was incorporated in 2012 and historically developed wearable digital health solutions for sleep apnea and snoring. In 2025, the company strategically pivoted to focus on blockchain-based lottery and gaming technology by acquiring a proprietary platform and intellectual property. The platform integrates blockchain smart contracts, verifiable randomness, and modular backend systems to support licensed lottery operators with enhanced transparency, fairness, and auditability. The company currently has one active customer deployment in The Gambia and plans to expand into additional regions including Asia and Europe. Its technology stack includes scalable backend systems, containerized infrastructure, and blockchain indexing. Revenue is generated through a combination of setup fees, recurring service fees, custom development fees, and performance-based fees linked to platform usage. Financially, the company is in the development stage with limited revenues and operating losses, facing liquidity constraints and a working capital deficit as of the latest quarter.

BMP AI Technologies, Inc. develops and commercializes an enterprise-grade artificial intelligence platform designed for regulated and compliance-sensitive environments. The BMP AI platform integrates secure document ingestion, vector-based semantic search, retrieval-augmented generation, and compliance tooling to enable domain-specific AI assistants that generate outputs grounded exclusively in an organization's internal documents and data. The platform targets industries requiring accuracy, traceability, and auditability, including healthcare, financial services, legal operations, and enterprise governance. The company pursues a multi-channel go-to-market strategy involving direct sales, partnerships, and self-service offerings. It operates without employees and is led by a sole executive officer and director. The company is in a development stage with limited operating history under its current business model and has reported no revenue to date.

CannaPharmaRX, Inc. is a cannabis production company operating a facility in Cremona, Alberta, with six of ten growing rooms currently operational. The company is pursuing expansion of its production capacity and aims to grow its presence in European markets, including Germany and Israel. It plans to obtain EU-GMP certification to facilitate direct shipments within the European Union. The company is managing its financial obligations through negotiated payment schedules with significant debtholders to maintain capital for operational growth.

Elite Health Systems Inc. is a healthcare company focused on operating managed care organizations through its subsidiary Elite Health Plan, Inc. The company offers Medicare Advantage plans targeting seniors, primarily in California counties such as San Bernardino, Los Angeles, and Riverside. It holds a contract with CMS as a Medicare Advantage organization, with enrollment dependent on annual contract renewal. The company launched its Medicare Advantage plans on January 1, 2026, and began onboarding members in late 2025. Elite Health Systems has a limited operating history and has incurred net losses due to start-up costs, acquisitions, and operational expenses. It funds its operations primarily through private placements of common stock and has raised approximately $14 million in gross proceeds through 2025 and early 2026. The company faces liquidity challenges and has expressed substantial doubt about its ability to continue as a going concern without additional capital.

Mitesco, Inc. was established in 2012 and restructured its operations in 2015, shifting focus from compounding pharmacy businesses to healthcare clinics under The Good Clinic brand from 2020 to 2022. Due to unprofitability, the clinic operations were closed in late 2022 and are now classified as discontinued. Currently, Mitesco operates as a holding company with two main subsidiaries: Centcore, LLC, which provides data center and cloud computing services via co-location agreements and plans for smaller data centers; and Vero Technology Ventures, LLC, which focuses on investments and AI-based software development, including a sales automation tool called Robo Agent. The company has retained experienced professionals on a consulting basis to manage costs. Mitesco has restructured significant debt obligations into preferred and common stock and issued convertible promissory notes secured by its subsidiaries' assets. As of the latest quarter, the company reported no revenue, a net loss, and liquidity constraints. It operates with a small management team and no full-time employees, relying on directors and consultants. The company faces competition from various IT and cloud service providers and is subject to regulatory requirements related to data privacy, cybersecurity, and AI [S1][S2].

SurgePays, Inc. operates as a wireless and point of sale technology company targeting underserved and value-conscious consumers. Its business model integrates mobile connectivity, financial technology services, and transaction processing solutions through a platform that combines wireless services with point of sale software and a nationwide retail distribution network. The company’s primary distribution channel is a network of over 9,000 independently owned convenience stores and similar retail locations, complemented by digital acquisition channels such as ProgramBenefits.com. SurgePays offers subsidized wireless services through government programs like Lifeline, non-subsidized prepaid wireless services under brands including LinkUp Mobile, and wholesale enablement services as a mobile virtual network enabler. The platform services segment provides point of sale transaction processing and software solutions enabling retail partners to process wireless top-ups, SIM activations, and financial transactions. Additionally, the Managed Marketing Services platform delivers in-store digital advertising through smart displays in retail locations. The company’s growth strategy emphasizes expanding subscriber acquisition, increasing revenue per customer via cross-selling and digital monetization, and improving capital efficiency. SurgePays focuses on underserved and rural markets, leveraging government-supported programs to address persistent connectivity gaps. The company’s software platform is hosted on AWS Cloud and integrates with popular point-of-sale systems to enhance scalability and reliability. Financially, as of Q1 2026, SurgePays reported revenue of approximately $16 million and a net loss of about $12 million, with liquidity ratios indicating a current ratio of 0.27 and cash ratio of 0.4. The company completed a $2.5 million public offering in early 2026 and continues to execute its growth initiatives.

Lingerie Fighting Championships, Inc. operates a unique sports entertainment league combining wrestling and mixed martial arts techniques in scripted events primarily featuring female athletes. The company produces live events, reality series, and video programming distributed through digital platforms, broadcast television, and pay-per-view. LFC also develops branded merchandise and pursues licensing opportunities. The company has grown its social media following significantly and has hosted events in the U.S. and Europe. It competes with major sports entertainment companies and other media for viewer attention. LFC is not currently regulated as a full contact sport but may face regulatory risks if perceptions change. The company has one full-time employee and contracts cast and crew for events.

Interactive Strength, Inc. is a company in the connected fitness and smart home gym sector, offering hardware products such as Wattbike, CLMBR, FORME Studio, and FORME Studio Lift, alongside digital services including a video-on-demand platform and live personal training. The company has grown through acquisitions, including CLMBR in 2024 and Wattbike in 2025, and has a subscription-based revenue model. It has a limited operating history since 2017 and faces challenges in achieving profitability and managing liquidity.

Equus Total Return, Inc. is a Delaware-incorporated company headquartered in Houston, Texas. The company is undergoing a transition to become an operating company and may pursue consolidation with other commercial enterprises. It holds significant short-term investments and cash reserves, though it reported a net loss in the most recent fiscal year. The company is listed on the NYSE and has recently taken steps to regain compliance with listing standards following a price deficiency notice.

DNA X, Inc. (formerly Sonim Technologies, Inc.) is a Delaware-based company listed on Nasdaq under the ticker SONM. The company historically operated in the enterprise 5G solutions space, including rugged handsets and related products. In January 2026, DNA X completed the sale of substantially all assets related to this business segment to Pace Car Acquisition LLC, retaining certain liabilities, cash, and its Indian subsidiary. The company maintains a board of directors with a majority of independent members and has disclosed detailed executive leadership and governance structures. Financial disclosures include quarterly revenue and net income figures, as well as liquidity metrics. The company has ongoing agreements for engineering services and component procurement in the ordinary course of business.

Foxx Development Holdings Inc. is a technology innovation company specializing in communications hardware and software. Founded in 2017 in Texas, it operates multiple U.S. offices and a Singapore office for supply chain and R&D. The company designs and specifies Foxx-branded tablets, smartphones, wearables, and IoT modules, outsourcing manufacturing and securing regulatory certifications. Its primary customers are distributors and major U.S. carriers, with additional e-commerce sales channels. Foxx offers after-sales support and app services for its devices. The company completed a business combination in 2024 and is listed on Nasdaq under ticker FOXX.

BiomX Inc. is a holding company with a strategic focus on advanced defense, security, and critical infrastructure technologies. It operates primarily through three subsidiaries: DFSL, which develops LADAR-based detection systems for counter-drone and aerial threat detection; Zorronet, which provides AI-powered autonomous surveillance and command-and-control software platforms; and X Security & Defense, a newly established entity focused on security and first-response technologies. The company’s products serve government, military, and infrastructure customers, including Israeli defense agencies and prime contractors. BiomX has recently undergone a management transition and expanded its defense portfolio through acquisitions and new agreements.

Farmhouse, Inc. is a Nevada-based public company platform that historically engaged in technology development and brand management. Currently, it focuses on evaluating strategic acquisitions and emerging opportunities, particularly in digital assets. The company operates through subsidiaries including Farmhouse Treasury LLC, which manages its digital asset treasury initiative. Farmhouse maintains intellectual property licensing activities generating limited revenue and has launched cannabis-related brands and NFT partnerships. The company does not maintain physical offices and operates remotely. Recent financing includes a $20 million equity line and a $2 million convertible promissory note to support growth and digital asset initiatives.

VisionWave Holdings, Inc. operates as an early-stage technology company primarily focused on defense and homeland security applications. Its core offerings include the qSpeed™ computational acceleration platform designed for defense workflows requiring rapid processing such as fire control and counter-UAS operations. The company also owns Solar Drone, which commercializes patented drone-based solar panel cleaning technology with active operations in Italy and business development efforts in Middle Eastern markets. VisionWave pursues strategic collaborations, including a partnership with PVML to launch a trusted intelligence platform, and is exploring opportunities in Indian defense modernization programs. The company has completed initial stages of acquisitions and exchange agreements, including SaverOne and BladeRanger/Solar Drone, which involve milestone-based payments and integration efforts. VisionWave's business model involves technology development, prototype testing, early commercialization, and milestone-driven revenue recognition. The company is subject to regulatory export controls and operates with significant exposure to geopolitical risks due to its Israeli operations.

BioRegenx, Inc. is a diversified healthcare and technology company formed through a merger in 2024. It operates multiple subsidiaries including DocSun BioMedical Holdings, which develops AI-powered non-invasive vital sign monitoring technology; Microvascular Health Solutions, which produces patented dietary supplements and medical devices; NuLife Sciences, a marketing and distribution entity for supplements and wellness devices; and Findit AI Connect, a digital content management platform. The company employs a multi-channel sales and marketing approach targeting academic, medical, cybersecurity, and consumer markets. It is engaged in ongoing clinical studies, product development, and app integration projects. Financially, the company has reported modest revenue with net losses and liquidity challenges, relying on external financing to sustain operations.

Greenland Mines Ltd is a publicly traded company on the Nasdaq Capital Market under the ticker GRML. The company focuses on mining and development activities, notably the Skaergaard PGM-Au-V-Ga-Fe-Ti Project in East Greenland, which is positioned within the critical minerals sector. The company maintains strong liquidity with significant cash and current assets relative to liabilities as of March 31, 2026. Recent public disclosures include investor presentations and regulatory filings, but detailed operational and segment information is limited in public filings.

C2 Blockchain, Inc. (CBLO) is a Nevada-incorporated development-stage company focused on building infrastructure for cryptocurrency mining and managing a digital asset treasury. The company plans to establish a 14-megawatt Bitcoin mining facility in Atlanta, Georgia, but has not secured a site or purchased mining equipment as of the latest disclosures. CBLO also initiated an AI-powered crypto chatbot project, which is currently paused. The company’s digital asset treasury strategy shifted from holding Cardano (ADA) tokens to concentrating exclusively on DOG Coins, a Bitcoin-native meme asset on the Runes protocol, with holdings exceeding 680 million tokens as of early 2026. CBLO operates with a sole officer and director and has entered into non-binding agreements for potential investments, though no transactions have closed. Financially, the company reported a net loss of approximately $19.3 million for the quarter ended March 31, 2026, with cash and current assets totaling $6,305 and $14,873 respectively. The company’s common stock trades on the OTC Markets OTCID tier under ticker CBLO, subject to volatility and illiquidity [S1][S2][N6][N7].

Polar Power, Inc. designs, manufactures, and assembles DC base power systems, primarily serving the U.S. telecommunications market. The company derives most of its revenue from one Tier-1 telecommunications customer, with sales subject to variability due to long design and sales cycles and lack of long-term purchase commitments. The company is expanding its product portfolio to include electric vehicle chargers, residential and commercial power products, and higher capacity DC hybrid solar systems. Operations are conducted at two facilities in California, with recent eviction from the headquarters facility causing operational disruption. The company faces competitive pressures from larger firms and rapid technological changes. Financially, Polar Power has incurred significant losses in recent years and maintains a revolving credit facility to support liquidity. The company is subject to various regulatory requirements and geopolitical risks affecting supply chains and costs.

Powerdyne International, Inc. is a Delaware-incorporated company that acquired Creative Motion Technology, LLC (CM Tech) in 2022. CM Tech is a New England-based manufacturer specializing in custom industrial servomotors, both brush and brushless, primarily for semiconductor manufacturing robotics. The company also operates Frame One, a custom picture framing business serving local and corporate clients. Powerdyne's business model focuses on providing cost-effective, value-added turnkey motor solutions to OEMs in the semiconductor market, with a significant portion of sales to international customers. The company maintains strategic supplier relationships enabling just-in-time inventory management. Powerdyne employs a small team including one executive officer, nine full-time employees, and five consultants.

Reliability Incorporated, through its wholly owned subsidiary Maslow Media Group, delivers workforce management solutions including Employer of Record (EOR) services, staffing solutions, managed services, and video production services. The company serves clients across multiple industries such as media, financial services, healthcare, telecommunications, pharmaceuticals, energy, and education, both in the U.S. and internationally. Maslow’s EOR services involve managing employment compliance, payroll, benefits, and worker classification for contingent workers. Staffing solutions cover temporary, contract, direct hire, and managed services across media, IT, creative, marketing, and administrative roles. The video production segment offers comprehensive services from pre-production to live broadcast and studio management. The company’s business model emphasizes converting fixed personnel costs into variable expenses for clients and managing compliance risks. Revenue for 2025 was $20.7 million, down from 2024, with a net loss of $664,000. The company maintains liquidity through cash, receivables financing, and factoring arrangements. Client concentration is significant, with top clients accounting for a large portion of revenue and receivables. The company resolved a related-party dispute in 2026, resulting in share transfers to simplify capital structure. Industry trends include cyclical demand, regulatory complexity, and increasing adoption of flexible workforce models and AI integration.

Plum Acquisition Corp. III is a special purpose acquisition company (SPAC) incorporated in 2021 as a Cayman Islands exempted company. Its primary purpose is to effectuate an Initial Business Combination with one or more target businesses or entities, without limitation to industry or geography. The company raised approximately $282.5 million in its IPO and private placements, placing these proceeds in a trust account invested in U.S. government securities or money market funds. It has entered into a Business Combination Agreement with Tactical Resources Corp. and related entities, which includes a domestication to British Columbia law and amalgamation to form a new corporate entity. The company has extended its deadline to complete the business combination multiple times, most recently to July 30, 2026. The company is not currently engaged in operations and intends to use the trust account funds, equity, or debt to complete the business combination. The company’s shares were delisted from Nasdaq in January 2025 and now trade on OTC Markets. Financially, the company has a working capital deficit and limited cash outside the trust account as of early 2026, with net losses driven by operating and formation costs and warrant liabilities.

Scilex Holding Co develops and commercializes non-opioid pain management products targeting acute and chronic pain indications with high unmet needs. Its commercial portfolio includes ZTlido, a lidocaine topical system for neuropathic pain; ELYXYB, an oral solution for acute migraine; and GLOPERBA, a liquid oral colchicine for gout prophylaxis. The company also advances clinical candidates such as SP-102 for sciatica, SP-103 for acute pain, and SP-104 for fibromyalgia. Scilex employs a dedicated sales force and multi-channel marketing to promote its products and secure formulary coverage. Additionally, it pursues a cryptocurrency treasury strategy involving long-term holdings and professional management of digital assets.