FiEE, Inc.

FiEE, Inc. has entered into a sales agreement with A.G.P./Alliance Global Partners to establish an at-the-market (ATM) offering program. Under this program, the company may sell shares of its common stock with an aggregate offering price of up to an estimated $6,272,809. The Sales Agent will use commercially reasonable efforts to sell the shares and will receive a commission of 3.25% of the gross proceeds from any sales.

FiEE, Inc. announced that its Board of Directors, based on the Compensation Committee's recommendation, granted Restricted Stock Units (RSUs) to CEO Li Wai Chung and CFO Cao Yu on May 12, 2026. Each officer received 143,561 RSUs under the company's 2025 Equity Incentive Plan. The RSUs will vest over three years, with 30% vesting on the first anniversary, 30% on the second, and 40% on the third, subject to continued employment.

FiEE, Inc. reported a significant financial turnaround for Q1 2026, with revenues soaring to $2.12 million from $125 in Q1 2025, and achieving a net income of $351.5 thousand compared to a net loss of $373.9 thousand in the prior year. The company also announced strategic investments, including acquiring a 51% equity interest in Guangzhou Yinlian Culture Co., Ltd. and providing a convertible loan of up to $2.9 million, aiming to integrate AI and data analytics into content creation and brand management. Despite these positive developments, the company's accumulated deficit and limited history of profitability raise substantial doubt about its ability to continue as a going concern.

FiEE, Inc. announced its first quarter 2026 financial results, reporting a significant turnaround with net income of $0.4 million compared to a net loss of $0.4 million in the prior year. Revenue surged to $2.1 million from $125 in Q1 2025, driven by the strategic shift to SaaS solutions and new customized software and digital authentication services. The company also achieved a gross margin of 70.4% and generated $67 thousand in net cash from operating activities.

FiEE, Inc. filed an Amendment No. 1 to its Annual Report on Form 10-K for fiscal year 2025, primarily to restate its business description and risk factors, and include Part III information. The company successfully completed its strategic transformation in 2025 from a legacy networking hardware business to a digital service provider focused on AI and data analytics. Its new digital services generated $6.2 million in revenue and achieved profitability in 2025, supported by key acquisitions like HGK for $3.5 million and Yixuntong assets for $1.4 million. FiEE also regained Nasdaq compliance in May 2025 and secured significant private placement funding.

FiEE, Inc. has filed an amendment to its 10-K, detailing a significant business transformation from a legacy networking company to a digital service provider focused on AI, data analytics, content creation, and brand management. The company launched customized software services in July 2025 and acquired Houren-Geiju Kabushikikaisha (HGK) for $3.5 million, integrating AI and blockchain for digital authentication. While the new business generated $6.2 million in service fees and achieved profitability in 2025, the company also disclosed a material weakness in internal control over financial reporting and highlighted substantial risks related to its operations in Hong Kong.

FiEE, Inc. filed an amendment to its 2025 Annual Report on Form 10-K, detailing its strategic transformation from a legacy networking hardware business to a digital service provider focused on AI and data analytics. The company's new business, launched in 2025, generated $6.2 million in service fees and achieved profitability. This pivot included the acquisition of Houren-Geiju Kabushikikaisha for $3.5 million and assets from Suzhou Yixuntong Network Technology for $1.4 million, bolstering its AI and blockchain capabilities. FiEE also regained Nasdaq compliance in May 2025 and completed several private placements, raising $4 million in May 2025 and $2 million in January 2026.

FiEE, Inc. has completed its strategic transformation from a legacy networking hardware business to a digital service provider, now focusing on integrating AI and data analytics into content creation, digital authentication, and brand management. The company launched customized software services in July 2025 and acquired Houren-Geiju Kabushikikaisha (HGK) in November 2025 for $3.5 million to bolster AI and blockchain capabilities for digital art authentication. This Amendment No. 1 to the 2025 Form 10-K restates business and risk factor information and includes previously omitted Part III details, following the company's regaining of Nasdaq compliance in May 2025. While the new business generated $6.2 million in service fees and achieved profitability in 2025, the company also disclosed a material weakness in internal controls and significant risks related to its Hong Kong operations.

FiEE, Inc. completed its strategic transformation in 2025, shifting from a legacy networking hardware business to a digital service provider focused on AI and data analytics. The new business, encompassing digital content, software development, and digital authentication services, generated $6.2 million in service fees and achieved profitability in 2025. The company also acquired Houren-Geiju Kabushikikaisha for $3.5 million and Suzhou Yixuntong assets for $1.4 million, while also addressing Nasdaq compliance issues and raising capital. However, a material weakness in internal control over financial reporting was identified.