HWKE — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-09-11

• We were incorporated on May 15, 2018 in the State of Nevada. We underwent a change in control on April 1, 2026, after which we began to implement our strategic business plan to become a leading private equity and merchant bank. Our merchant banking services will focus on growth-stage and public comp…

• Following the change in control effective April 1, 2026, as described below, we intend to become a leading private equity and corporate advisory firm, conducting merchant banking services in digital assets and other frontier verticals in financial services and technology. In connection with this rea…

• We are not currently registered as a broker-dealer with the SEC or a member of FINRA. We intend to conduct our current corporate advisory activities so as not to engage in activities requiring broker-dealer registration. Where a client transaction involves securities activities requiring broker-deal…

• Following the change in control, we intend to evaluate acquisition and investment candidates that expand or complement our merchant banking and corporate advisory strategy, rather than targets selected on general investment criteria. We expect to focus on the following categories of businesses:

• ·Broker-dealers registered with the Securities and Exchange Commission and members of the Financial Industry Regulatory Authority, the acquisition of which could permit us, through such registered entity and subject to applicable FINRA approvals, membership restrictions and other regulatory requirem…

Text removed vs the prior filing · source: 10-K · 2025-10-15

• We were incorporated on May 15, 2018 in the State of Nevada. We are currently pursuing opportunities to invest in, acquire, merge or consolidate with a target business participating in diversified industries, narrowing our attention on the cybersecurity industry, through the formation of a limited l…

• Our current business plan is to acquire, merge or consolidate with another company (a “target business”). We intend to use capital stock, debt or a combination of these to effectuate a business combination with a target business with significant growth potential.

• We will not restrict our search for target businesses to any particular industry. Rather, we may investigate businesses of essentially any kind or nature and participate in any type of industry that may, in our management’s opinion, meet our business objectives as described in this annual report. We…

• We anticipate that target business candidates will be brought to our attention from various unaffiliated sources, including securities broker-dealers, investment bankers, venture capitalists, bankers, and other members of the financial community, who may present solicited or unsolicited proposals. O…

• Selection of a target business and structuring of a business combination

Text added vs the prior filing · source: 10-K · 2026-09-11

• Careful consideration should be given to the following risk factors, together with all other information set forth in this Annual Report on Form 10-K, including our financial statements and related notes, and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” an…

• We have limited operations and expect to incur significant expenses and continuing losses for the foreseeable future.

• We have had very limited operations to date. We believe that we will continue to incur operating and net losses in the future while we grow. We do not expect it to be profitable for the foreseeable future as we invest in our business, and we cannot assure you that we will ever achieve or be able to …

• We have generated limited revenue from our merchant banking and corporate advisory strategy, and we may not generate meaningful revenue in the future.

• We generated no revenue during fiscal year 2026, and our financial statements included in this Annual Report on Form 10-K reflect no revenue for that year or the prior year. Subsequent to fiscal year 2026, we generated revenue for advisory services performed during July and August 2026, totaling app…

Text removed vs the prior filing · source: 10-K · 2025-10-15

• We are a smaller reporting company as defined in Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

• Our cybersecurity program has several components, including the adoption of information security protocols, standards, and guidelines consistent with best industry practices; engaging third-party service providers to conduct security assessments and penetration testing; and performing periodic inter…

• We monitor potential cybersecurity risks through tracking. These key risks are characterized by various factors such as the likelihood of us experiencing a particular type of cybersecurity incident, the speed at which each type of cybersecurity incident could impact the Company, and management’s ass…

Text added vs the prior filing · source: 10-K · 2026-09-11

• We have incurred recurring losses and generated no operating revenue during either fiscal year 2026 or fiscal year 2025. During the fourth quarter of fiscal year 2026, we settled or converted all of our outstanding indebtedness and received $2,218,786 in cash proceeds from the sale of the HH Warrant…

• Our improved balance-sheet liquidity resulted from the warrant financing and the settlement or conversion of indebtedness. It does not demonstrate that our merchant-banking and investment strategy is self-funding. We generated no operating revenue during fiscal year 2026, used $330,630 of cash in op…

• Results of Operations – Fiscal Years Ended June 30, 2026 and 2025

• We had no operating revenue for the fiscal years ended June 30, 2026 and 2025. The post-year-end advisory engagement discussed above did not affect fiscal year 2026 results.

• Total operating expenses increased $396,990, or 146.7%, to $667,659 for fiscal year 2026 from $270,669 for fiscal year 2025. Professional fees increased $350,957, or 185.3%, to $540,330 from $189,373 and included $144,000 of share-based payments in fiscal year 2026 compared with none in fiscal year …

Text removed vs the prior filing · source: 10-K · 2025-10-15

• We have incurred recurring losses to date. Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary sho…

• We expect we will require additional capital to develop our business plan. We expect to raise additional capital through, among other things, the sale of equity or debt securities in the near future.

• The Company had $0 operating revenues for both fiscal years of 2025, and 2024 after the Company ceased operations of its PPE business in July 2021. The Company generated from CNTNR a total of $0, and $45,000 for the year ended June 30, 2025, and 2024 in other income, of which $0, and $45,000 were ge…

• During our fiscal year 2025, total operating expenses were $270,669 compared to $373,390 for the same period in 2024. The decrease in operating expenses is primarily a result of a decrease in Selling, General, and Administrative expenses due to company downsizing. The Company’s net loss was $523,327…

• Our cash balance at June 30, 2025 was $502 compared to $0 at June 30, 2024. We do not believe these cash reserves are sufficient to cover our expenses for our operations for the next 12 months. We will require additional funding for our ongoing operations.