Crisp Momentum Inc.

Crisp Momentum Inc. (formerly OpenLocker Holdings, Inc.) filed its 10-Q for the period ending April 30, 2026. The company reported a significant increase in net loss to $11,598,178 for the nine-month period, driven by a substantial rise in operating expenses, despite a small increase in revenues. The company's cash position has decreased, and it faces substantial doubt regarding its ability to continue as a going concern, necessitating further capital raises. The company also completed a rebranding and name change in August 2025.

Crisp Momentum Inc. reported a net loss of $7.04 million for the six months ended January 31, 2026, a significant increase from the $335,149 loss in the prior year, primarily driven by a surge in operating expenses including stock-based compensation. The company also disclosed substantial doubt about its ability to continue as a going concern due to ongoing losses and negative cash flows from operations. Despite this, total stockholders' equity turned positive to $2.51 million, largely due to a $6 million stock issuance to a related party.

Crisp Momentum Inc. entered into a Loan Settlement and Share Repurchase Agreement with Banji Step K.K. to resolve outstanding obligations from a $2.9 million convertible loan. The loan was initially to be repaid through asset transfers, but two asset packages were not delivered. Under the new agreement, Banji will transfer 80,000,000 shares of Crisp common stock to Crisp, in exchange for the full cancellation of the remaining loan indebtedness, including principal and accrued interest.