First America Resources CORP
Market Movers (8-K)
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First America Resources Corporation has completed the acquisition of METech Recycling, Inc., issuing 80 million shares to related parties and transitioning from a shell company into an active electronic waste management and IT asset disposition business.
Capital raise
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8-K: First America Resources Acquires METech Recycling in Stock Swap, Shifts from Shell Company Status
First America Resources Corporation acquired METech Recycling through a stock exchange agreement, issuing 1,250,000 shares and ceasing to be a shell company.
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First America Resources Corp. has announced it is reverting to shell company status after determining a previous classification change was inappropriate.
Worse than expected
Quarterly Earnings (10-Q)
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First America Resources Corporation reported a 19% increase in Q3 revenue to $5.47 million, but net income fell to $213,761 as operating expenses rose significantly.
Worse than expected
Capital raise
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First America Resources Corporation reported a 30% revenue increase for Q2 2025, driven by operational expansion, despite a shift to negative operating cash flow.
Capital raise
Worse than expected
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First America Resources Corporation reports no revenue and a net loss of $6,084 for the quarter ended March 31, 2025, raising concerns about its ability to continue as a going concern.
Worse than expected
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First America Resources Corporation reports no revenue and a net loss for the quarter ended December 31, 2024, while planning a potential acquisition to revitalize operations.
Worse than expected
Delay expected
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First America Resources Corporation reported no revenue for the quarter ended September 30, 2024, and continues to face substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
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10-Q/A: First America Resources Corporation Files Amended Quarterly Report Due to Shell Company Status Error
First America Resources Corporation files an amended 10-Q/A report to correct a shell company status misidentification and remove references to a property acquisition that did not occur.
Worse than expected
Delay expected
Capital raise
Annual Reports (10-K)
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First America Resources Corporation reported a significant increase in revenue for 2025 but swung to an operating loss and saw net income decline sharply, despite a one-time Employee Retention Credit.
Worse than expected
Capital raise
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First America Resources Corporation reports minimal revenue and significant net losses for fiscal year 2024, raising substantial doubt about its ability to continue as a going concern.
Worse than expected
Delay expected
Capital raise
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First America Resources Corporation filed an amended annual report to correct a misclassification on its cover page, acknowledging its status as a shell company.
Worse than expected
Capital raise