Hammer Fiber Optics Holdings CORP
Market Movers (8-K)
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Hammer Fiber Optics Holdings Corp. officially changed its name to Hammer Technology Holdings Corp. effective September 3, 2025.
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8-K: Hammer Fiber Optics Holdings Converts $2.68 Million Debt to Equity in Related Party Transaction
Hammer Fiber Optics Holdings Corp. has extinguished a $2.68 million convertible note by issuing common stock to Caban Global Reach Private Equity LP, a firm with ties to the company's directors.
Capital raise
Better than expected
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Hammer Technology Holdings announces a complete strategic shift to its HammerPay fintech platform, resolves significant audit deficiencies, and secures a new capital partnership to drive future growth.
Capital raise
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Hammer Fiber Optics Holdings Corp. announces the appointment of Eric Maire as an Independent Director to its Board, effective April 4, 2025.
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Hammer Fiber Optics Holdings Corp. announces the dismissal of Fruci & Associates II, PLLC and the engagement of Salberg & Company, P.A. as its new independent registered public accounting firm.
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Hammer Fiber Optics Holdings Corp. has entered into a loan agreement with a board member for $791,546 to pay off a previous promissory note.
Quarterly Earnings (10-Q)
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Hammer Technology Holdings Corp. reports continued operational losses and negative working capital, focusing on its fintech initiatives after divesting telecommunications assets.
Worse than expected
Capital raise
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Hammer Technology Holdings Corp. reported a reduced net loss for Q1 2026, driven by lower operating expenses, but continues to face substantial doubt about its ability to continue as a going concern due to lack of revenue and working capital deficiency.
Worse than expected
Delay expected
Capital raise
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Hammer Technology Holdings reported a net income for the nine months ended April 30, 2025, primarily driven by the divestiture of its telecommunications assets, while continuing operations show no revenue and a significant working capital deficiency, raising substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
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Hammer Technology Holdings has completed the divestiture of its telecommunications assets to focus entirely on its HammerPay fintech platform, reporting a net income for the period primarily due to a significant gain on disposal, while continuing operations show no revenue and increased losses.
Worse than expected
Capital raise
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10-Q: Hammer Fiber Optics Holdings Corp. Reports Net Loss in Q1 2025, Divests Telecommunications Assets
Hammer Fiber Optics Holdings Corp. reports a net loss for the quarter ended October 31, 2024, and completes the sale of its telecommunications assets to focus on fintech initiatives.
Worse than expected
Capital raise
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Hammer Technology Holdings saw a slight increase in revenue but a significant widening of net losses in the third quarter of 2024 compared to the same period last year.
Worse than expected
Capital raise
Annual Reports (10-K)
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Hammer Technology Holdings Corp. has fully divested its telecommunications assets to focus on its HammerPay fintech platform, reporting a net loss of $2.8 million for fiscal year 2025 and raising substantial doubt about its going concern ability.
Worse than expected
Capital raise
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Hammer Technology Holdings Corp. files an amendment to its annual report to restate financial statements for fiscal years 2023 and 2022 due to errors related to uncollectible accounts, intangible assets, and amortization expenses.
Worse than expected
Capital raise
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Hammer Technology Holdings has announced a strategic pivot to focus solely on its HammerPay fintech platform, divesting its telecommunications assets, while reporting a reduced net loss for fiscal year 2024 despite ongoing substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
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Hammer Technology Holdings has filed an amended 10-K report for the fiscal year ended July 31, 2023, highlighting a restatement of previous financials, a going concern warning, and ongoing efforts to grow its financial technology and wireless telecommunications businesses.
Worse than expected
Capital raise
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Hammer Technology Holdings filed its annual report for the fiscal year ended July 31, 2023, including a restatement of the prior year's financials due to accounting errors related to convertible notes and warrants.
Worse than expected
Capital raise
Insider Trading (Form 4)
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Michael Cothill, Director and CEO of Hammer Technology Holdings Corp., reported significant stock purchases through related entities.
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Form 4: Director Sevell Buys HMMR Stock
Michael Sevell, a Director and 10% owner of Hammer Technology Holdings Corp., reported the acquisition of common stock through related entities.
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Mark Stogdill, CFO and Director of Hammer Fiber Optics Holdings Corp., reported multiple transactions involving common stock on November 22, 2024, and November 11, 2025, and April 27, 2026.
Proxy Statements (Def-14A)
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Hammer Fiber Optics Holding Corp. is changing its name to Hammer Technology Holdings Corp. and selling its telecommunications subsidiaries to Viper Networks Inc. to concentrate on its HammerPay business.