Blackstar Enterprise Group, INC
Market Movers (8-K)
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BlackStar Enterprise Group, Inc. announced a change in its independent registered public accounting firm, dismissing Fruci & Associates II, PLLC and engaging L J Soldinger Associates, LLC.
Worse than expected
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BlackStar Enterprise Group has agreed to settle $861,539.26 of debt by issuing shares to Continuation Capital, Inc., an institutional investor, at a discount.
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BlackStar Enterprise Group has secured a family of patents related to blockchain technology for trading U.S. securities, potentially revolutionizing market access and efficiency.
Capital raise
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Blackstar Enterprise Group has replaced its auditor, appointing Fruci & Associates II, PLLC, effective immediately, to conduct audits for the fiscal years ending December 31, 2024, and re-audit the 2022 and 2023 fiscal years.
Worse than expected
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BlackStar Enterprise Group is set to receive a patent for its technology facilitating the digital funding of securities on a centralized blockchain.
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BlackStar Enterprise Group has received a Notice of Allowance for a patent covering the trading of securities on a blockchain, further solidifying its position in the digital asset space.
Quarterly Earnings (10-Q)
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BlackStar Enterprise Group, Inc. reported a net loss of $609,196 for the nine months ended September 30, 2025, with auditors expressing substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
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BlackStar Enterprise Group, Inc. reported a reduced net loss for Q1 2025 but faces severe liquidity issues, a worsening working capital deficit, and substantial doubt about its ability to continue as a going concern.
Worse than expected
Delay expected
Capital raise
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BlackStar Enterprise Group reported a net loss of $267,959 for the third quarter of 2024, an increase compared to the $99,422 loss in the same period of 2023, as the company continues to develop its digital trading platform.
Worse than expected
Capital raise
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BlackStar Enterprise Group reported a net loss of $839,435 for the six months ended June 30, 2024, as it continues to develop its digital trading platform and navigate legal challenges.
Worse than expected
Capital raise
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BlackStar Enterprise Group reported a net loss of $499,072 for the first quarter of 2024, with ongoing concerns about its ability to continue as a going concern.
Worse than expected
Capital raise
Annual Reports (10-K)
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BlackStar Enterprise Group, Inc. reported a net loss of $1.5 million for 2024, while continuing development and patenting of its blockchain-based trading platform and seeking an ATS partner.
Delay expected
Capital raise
Worse than expected
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BlackStar Enterprise Group reported a net loss of $1,046,983 for 2023, while continuing development of its blockchain-based trading platform.
Capital raise
Worse than expected
Proxy Statements (Def-14A)
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DEF 14C: BlackStar Enterprise Group to Increase Authorized Share Capital Following Shareholder Approval
BlackStar Enterprise Group, Inc. is increasing its authorized share capital to 6,010,000,000 shares, comprising 6,000,000,000 common shares and 10,000,000 preferred shares, following approval by a majority shareholder.
Capital raise