Napc Defense, INC
Market Movers (8-K)
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NAPC Defense, Inc. announced the immediate termination of its Chief Legal Officer, Craig Huffman, effective June 8, 2026, as the company evaluates its legal leadership.
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NAPC Defense, Inc. increased its authorized shares to 2 billion and created a new class of preferred stock granting the Board 70% voting control.
Capital raise
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NAPC Defense, Inc. announced the dismissal of Astra Audit & Advisory LLC and the engagement of Salberg & Company, P.A. as its new independent registered public accounting firm, effective June 26, 2025, with no reported disagreements on accounting matters.
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NAPC Defense, Inc. has changed its independent auditor from Accell Audit and Compliance, P.A. to Astra Audit & Advisory LLP, effective July 17, 2024, due to Accell ceasing PCAOB audit services.
Delay expected
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NAPC Defense, Inc., formerly Treasure & Shipwreck Recovery, Inc., has acquired rights to CornerShot firearms technology and is pivoting its business focus to the defense and law enforcement sectors.
Quarterly Earnings (10-Q)
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NAPC Defense, Inc. reported a significant increase in net losses and a substantial working capital deficit, raising substantial doubt about its ability to continue as a going concern.
Capital raise
Worse than expected
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NAPC Defense, Inc. reported a significant increase in net losses for the six months ended October 31, 2025, alongside a critical working capital deficit and a going concern warning.
Worse than expected
Capital raise
Delay expected
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NAPC Defense, Inc. reported a net loss of $584,252 for the quarter ended July 31, 2025, with no revenue, and faces substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
Delay expected
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NAPC Defense, Inc. reports a significant net loss and expresses substantial doubt about its ability to continue as a going concern due to recurring losses and a working capital deficit.
Worse than expected
Capital raise
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10-Q/A: NAPC Defense, Inc. Reports Q2 2025 Results, Cites Going Concern Uncertainty and Strategic Shift
NAPC Defense, Inc.'s Q2 2025 report reveals a net loss, a shift towards defense operations, and substantial doubt about the company's ability to continue as a going concern.
Worse than expected
Capital raise
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NAPC Defense, Inc.'s Q2 2025 report reveals a significant net loss and raises substantial doubt about the company's ability to continue as a going concern.
Worse than expected
Capital raise
Delay expected
Annual Reports (10-K)
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NAPC Defense, Inc. filed an amended annual report revealing substantial net losses, a significant working capital deficit, and auditor concerns about its ability to continue as a going concern for the fiscal year ended April 30, 2025.
Delay expected
Worse than expected
Capital raise
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NAPC Defense, Inc. reported a significant increase in net losses for fiscal year 2025, fully impairing its intellectual property and discontinuing its former treasure recovery business to focus solely on defense.
Worse than expected
Capital raise
Delay expected
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NAPC Defense, Inc., formerly Treasure & Shipwreck Recovery, Inc., reported its full year 2024 results, highlighting a strategic shift towards the defense industry while maintaining its treasure recovery operations.
Worse than expected
Capital raise
Schedule 13G - Passive Investments
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Educational Group LLC has disclosed an 8.6% beneficial ownership stake in NAPC Defense, Inc. common stock via a Schedule 13G Amendment.
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Greentree Financial Group, Inc. has reported a 9.99% beneficial ownership stake in NAPC Defense, Inc., primarily through convertible promissory notes, as detailed in its latest Schedule 13G filing.