Recent news coverage related to My City Builders, Inc. is limited and primarily consists of general market and commodity news unrelated to the company’s core business. Insider share purchases were reported in January 2025.

• There have been no recent business-specific news developments reported for My City Builders, Inc. in primary news sources as of June 2026.
• Insider purchases of 1,430,000 shares each by the CEO, CFO, and a 10% owner were reported in January 2025, indicating insider activity in the company [N1].
• Recent market news includes general commodity price movements and market index changes but does not pertain directly to My City Builders’ operations [N1][N2].

The company’s strategy of acquiring and developing low-income housing through land banks and HECM pools targets a market segment with consistent demand. Its ongoing property acquisitions and development projects in Alabama and Mississippi, including multi-family units, demonstrate active execution of its business plan. The resolution of legal disputes and acquisition of property titles may support asset growth. Insider purchases indicate some management confidence in the company’s prospects.

The company faces significant liquidity constraints, with a current ratio below 1 and a net loss of $23.3 million as of April 2026. Its financial statements include a going concern warning, reflecting uncertainty about its ability to continue operations without additional capital. The company’s limited revenue generation, reliance on interest income from promissory notes, and ongoing legal disputes pose risks. Competition from larger, better-resourced firms and regulatory challenges may impede growth. The stock’s trading on the OTC Pink market with low liquidity and penny stock status adds market risk.

My City Builders operates in a highly competitive real estate development sector with limited barriers to entry. The company’s focus on low-income housing and land bank acquisitions provides a niche, but it faces competition from REITs, institutional investors, and other real estate companies with greater resources and longer operating histories. Regulatory approvals and environmental compliance requirements add complexity but are common across the industry. The company’s relatively small scale, liquidity challenges, and limited operational history constrain its competitive moat.

• Liquidity and Going Concern Risk: The company has a working capital deficiency and low liquidity ratios, with a going concern paragraph in its financial statements indicating substantial doubt about its ability to continue as a going concern without additional capital.
• Competitive Risk: The company operates in a highly competitive real estate market with competitors having greater resources, longer histories, and better brand recognition, which may limit its ability to acquire properties and raise capital.
• Regulatory and Environmental Risk: Real estate development is subject to complex federal, state, and local regulations, including environmental compliance, zoning, and building permits, which can delay projects and increase costs.
• Legal and Operational Risk: The company has been involved in legal disputes related to joint ventures and promissory notes, which may affect operations and financial condition. The company also has a small management team with part-time executives.
• Market and Trading Risk: The company’s common stock trades on the OTC Pink marketplace, which has limited liquidity and is subject to penny stock regulations, potentially affecting marketability and price stability.

• My City Builders, Inc. is a Nevada corporation focused on real estate transactions, particularly acquisition, development, and sale or rental of low-income housing through its wholly owned subsidiary RAC Real Estate Acquisition Corp.
• The company’s investment approach includes acquiring, refurbishing, and selling traditional foreclosures; purchasing, developing, and renting properties in 'Land Banks' (typically over 100 homes or lots in a single location); and acquiring, refurbishing, or developing homes available through Home Equity Conversion Mortgage (HECM) pools.
• The company changed its corporate name to My City Builders, Inc. on January 31, 2023, and its trading symbol is MYCB as of April 27, 2023.
• The company has engaged in joint ventures and LLC agreements to build single-family low-income homes, including a project in Gadsden, Alabama, involving 3-bedroom, 2-bathroom homes.
• The company has acquired multiple properties in Alabama and Mississippi, including land for multi-family units and single-family homes, with plans for construction and renovation.
• As of July 8, 2025, RAC had 13 completed homes with one under construction in East Gadsden; some homes are leased with monthly rents ranging from $1,100 to $2,150, and some are for sale.
• The company sold a few homes during the fiscal years ending July 31, 2024 and 2025.
• The company has been involved in legal disputes with Fix Pads Holdings LLC related to promissory notes and joint venture agreements, resulting in settlement agreements transferring titles of 44 properties to the company.
• The company acquired 4 acres of land in Glencoe, Alabama, in October 2025 in exchange for a secured promissory note, with plans to construct up to 25 multi-family units in phases.
• The company briefly became a shell company due to discontinued operations but is no longer considered a shell after the asset purchase agreement in October 2025.
• The company employs two part-time executives: Interim CEO Yolanda Goodell and Interim CFO Francis Pittilloni.
• The company faces competition from REITs, institutional pension plans, public and private real estate companies, and private investors in acquiring properties and raising capital.
• The real estate development business is subject to environmental, building, construction, zoning, and real estate regulations at federal, state, and local levels, which can affect project timing and costs.
• The company’s financial statements include a going concern paragraph, indicating substantial doubt about its ability to continue as a going concern due to net losses and working capital deficiency.
• As of April 30, 2026, the company had cash and equivalents of $395,000, current assets of $39,094,000, current liabilities of $69,634,000, a current ratio of 0.56, and a cash ratio of 0.01, indicating liquidity challenges.
• The company reported zero revenue and a net loss of $23,265,000 for the period ending April 30, 2026.
• The company’s earnings per share basic and diluted were zero as of the latest filings.
• The company’s only current source of revenue is interest income from promissory notes, but interest income ceased due to ongoing litigation.
• The company’s financial disclosure states that financial figures are summarized from the latest available SEC filings and are provided for informational purposes only, not financial advice.
• The company’s common stock trades on the OTC Pink marketplace, which is a limited market with low liquidity and is subject to penny stock regulations.
• The company has insider purchases reported in January 2025, with significant share acquisitions by the CEO, CFO, and a 10% owner.
• Recent news coverage related to the company is limited and mostly general market or unrelated commodity news; no recent business developments specific to the company were reported in the primary news sources reviewed.