GREENWAY TECHNOLOGIES, INC. & SUBSIDIARIES

Greenway Technologies, Inc. announced the appointment of Doug Cogan as President, effective June 9, 2026. Mr. Cogan will continue to serve as the company's Chief Executive Officer. The Board also approved an executive employment agreement with Mr. Cogan, effective June 12, 2026, for an initial three-year term. The agreement includes an annual base salary of $240,000, eligibility for a discretionary bonus up to 25% of his base salary, and an award of 2,500,000 shares of restricted common stock.

Greenway Technologies, Inc. announced the resignation of Raymond Wright from his positions as Chairman of the Board and Interim President, effective May 28, 2026. In recognition of his contributions, the Board conferred upon him the honorary title of Chairman Emeritus, a non-voting role. The company stated that Mr. Wright's departure was not due to any disagreements regarding company operations or policies, and no changes were made to his compensation. A press release was issued on June 3, 2026, detailing the transition.

Greenway Technologies, Inc. reported a reduced net loss of $(444,132) for the first quarter of 2026, compared to $(683,641) in the prior year. However, the company faces substantial doubt about its ability to continue as a going concern due to significant accumulated and stockholders' deficits, and low cash reserves. Critically, the company defaulted on a $50,000 payment from a legal settlement, which could lead to the enforcement of a $1,250,000 Agreed Judgment against it. Additionally, all of its notes payable and related party notes payable are in default.

Greenway Technologies, Inc. announced the resignation of Assurance Dimensions, LLC as its independent registered public accountant, effective April 18, 2025. The company subsequently engaged Stephano Slack, LLC to serve as its new independent registered public accounting firm on April 20, 2025. The company reported no disagreements with Assurance Dimensions, LLC on accounting principles or practices, and no adverse opinions or reportable events were noted for the fiscal years ended December 31, 2023 and 2024.

Greenway Technologies, Inc. filed its annual report on Form 10-K for the fiscal year ended December 31, 2025. The company reported an aggregate market value of voting stock held by non-affiliates of $27,761,470 as of June 30, 2025. As of April 15, 2026, there were 462,361,204 shares of common stock outstanding. The company is classified as a smaller reporting company.