Latest S-1 registration statements

Heritage Distilling Holding Company, Inc. reported a significant net income of $185.9 million in Q3 2025, primarily driven by a $245.8 million gain from its new $IP Token cryptocurrency treasury strategy, despite a decline in its traditional craft spirits business.

Celularity Inc. filed an S-1 registration statement for the resale of up to 15.9 million Class A Common Stock shares by existing stockholders, while disclosing substantial doubt about its ability to continue as a going concern.

X3 Acquisition Corp. Ltd., a newly formed SPAC, filed an S-1/A for its initial public offering of 20 million units at $10.00 each, targeting the financial services industry for a business combination.

Semnur Pharmaceuticals files an S-1/A registration statement detailing its recent business combination, ongoing clinical development for its lead non-opioid pain candidate SP-102, and significant financial losses.

Snail, Inc. files an S-1/A to register 5.4 million Class A common stock shares for resale by investors, following significant net losses and a decline in revenue.

Guident Corp. has filed an S-1/A registration statement for its initial public offering, seeking to raise approximately $12.94 million to fund the commercialization of its autonomous vehicle and robot remote monitoring and control platform, despite a history of significant net losses and a 'going concern' warning from its auditors.

Envoy Medical, a hearing health company, is conducting a new offering of common stock and warrants to fund operations, while simultaneously addressing Nasdaq compliance issues and ongoing clinical trials for its Acclaim CI.

DeFi Development Corp. files S-1 for new Variable Rate Series C Perpetual Preferred Stock, aiming to fund its digital asset treasury strategy and real estate platform.

Splash Beverage Group, Inc. (SBEV) has not generated revenue since March 2025, raising substantial doubt about its ability to continue as a going concern, despite securing a $35 million equity line of credit.

K2 Capital Acquisition Corporation files Amendment No. 3 to its S-1 registration statement, outlining its proposed initial public offering, trust account mechanics, and corporate governance.

Onfolio Holdings Inc. filed an S-1 registration statement for the resale of up to 36,201,104 shares of common stock by selling stockholders, primarily from convertible notes and rights.

Buda Juice, Inc. is launching its initial public offering to raise up to $20 million, aiming to expand its 'UltraFreshTM' cold-crafted juice production and distribution across the U.S. while converting to a Delaware corporation.

QDM International Inc., a Hong Kong-based insurance brokerage, filed an amended registration statement for a public offering of 1.25 million shares and plans to list on Nasdaq.

Nukkleus Inc. is undergoing a radical business transformation from financial technology to aerospace and defense, marked by strategic acquisitions and significant capital raises, yet faces substantial financial and operational risks.

Nukkleus Inc. is undergoing a complete business transformation from fintech to aerospace and defense, securing a $250 million equity line of credit and pursuing multiple acquisitions despite significant financial challenges and a going concern warning.

INVO Fertility, Inc. filed an S-1 registration statement for the resale of up to 7.37 million common shares by existing stockholders and announced the acquisition of fertility practice Family Beginnings for $750,000.

Focus Universal Inc. reports increased net losses and negative cash flow, raising substantial doubt about its ability to continue as a going concern, despite ongoing development in IoT and AI software.

APPlife Digital Solutions, Inc. filed an S-1/A registration statement to register the resale of billions of shares and secure up to $15 million in funding from C/M Capital Master Fund LP, while disclosing ongoing going concern doubts and material internal control weaknesses.

Focus Universal Inc. filed an S-1/A registration statement for the resale of up to 10.5 million common shares by selling stockholders, following recent preferred stock conversions and capital raises.

TurnOnGreen, Inc. filed an S-1 registration statement for the resale of up to 47,142,858 common shares by a selling stockholder, while reporting recurring losses and a going concern qualification from its auditors.

TV Channels Network Inc., a development-stage streaming company with no revenue, is launching an initial public offering to raise $15 million, facing auditor doubts about its ability to continue as a going concern.

QuasarEdge Acquisition Corporation filed an S-1MEF to register an additional 1,380,000 units, including over-allotment options, for its public offering.

Scilex Holding Company reports significant net losses and negative cash flows, raising substantial doubt about its ability to continue as a going concern, while also outlining a new, untested cryptocurrency treasury strategy.

Fortress Biotech, Inc. filed an S-1 registration statement for the resale of 600,000 common shares underlying warrants issued to Oaktree affiliates in connection with a credit agreement amendment.

Presidio Property Trust, a diversified REIT, is registering 1,445,007 shares of Series A Common Stock issuable upon the exercise of outstanding warrants, with an exercise price of $70.00 per share.

Silicon Valley Acquisition Corp., a newly formed SPAC, filed an amended S-1 registration statement for a $200 million initial public offering to target businesses in high-growth sectors like fintech, AI, and energy transition.

Cardiff Lexington Corporation files an S-1 registration statement for a common stock offering, contingent on a Nasdaq Capital Market uplisting, amidst recurring operating losses and an extended accounts receivable cycle.

Digital Brands Group, an apparel and lifestyle brand portfolio, filed an S-1/A to register 1.72 million common shares for resale by selling stockholders, while reporting continued net losses and declining revenues for the nine months ended September 30, 2025.

Firefly Aerospace announces a new COO, details the SciTec acquisition, and provides financial updates following its recent IPO.

NeOnc Technologies Holdings, Inc. reports significant net losses and an accumulated deficit, raising substantial doubt about its ability to continue as a going concern, despite advancing its lead drug candidates NEO100 and NEO212 in clinical trials and acquiring new AI and 3D bioprinting platforms.