Business UpdateMay 28, 2026, 01:06 PM
Hallmark Venture Group Reports No Operations, Going Concern Doubt, 1:500 Reverse Split
AI Summary
Hallmark Venture Group reported no continuing operations and a net loss of $(1,696,172) for 2025, with its auditor expressing substantial doubt about its ability to continue as a going concern. Key corporate actions included a 1:500 reverse stock split effective April 24, 2025, and the demerger of Jubilee Intel, LLC on May 12, 2025. The company, which generated no revenues in 2025 or 2024, intends to explore new business opportunities through acquisitions.
Key Highlights
- Net loss from continuing operations was $(1,696,172) for 2025, compared to $(368,832) for 2024.
- Total operating expenses increased to $228,095 in 2025 from $129,159 in 2024.
- A 1:500 reverse stock split was approved by FINRA, effective April 24, 2025.
- Jubilee Intel, LLC was demerged on May 12, 2025, ceasing to be a wholly-owned subsidiary.
- The company has no operations from a continuing business and generated no revenues in 2025 or 2024.
- Auditor expressed substantial doubt about the company's ability to continue as a going concern.
- Cash on hand was $3,382 at December 31, 2025, down from $3,629 in 2024.
- Working capital deficit improved to $(395,486) in 2025 from $(1,377,722) in 2024.
Price Impact
More from HLLK