HALLMARK VENTURE GROUP, INC.

Hallmark Venture Group, Inc. sold an impaired promissory note with an outstanding balance of approximately $113,752 to SB Technology Holdings, Inc. for $1,000 in cash. The note, originally for $100,000 from Traderverse, Inc., was due in October 2024 and had been unpaid for over 18 months, leading Hallmark to write down its carrying value. The transaction was a related party deal, approved by Hallmark's Board, which deemed the $1,000 consideration as fair value for the impaired debt.

Hallmark Venture Group reported a net loss of $(273,496) for the three months ended March 31, 2026, a reduction from $(728,927) in the prior year. The company continues to face significant financial challenges, including an accumulated deficit of over $5.5 million and negative cash flows from operations, leading to a substantial doubt about its ability to continue as a going concern. During the quarter, the company converted significant convertible debt into common stock, reducing total liabilities.

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.