Independence Power Holdings, Inc.

Independence Power Holdings, Inc. announced that Brian Dutton will resign from his position as Chief Financial Officer, effective August 14, 2026. Mr. Dutton is departing to pursue another professional opportunity, and his resignation is not due to any disagreements with the company's financial or operational practices. The company has begun an external search to find a suitable replacement for the CFO role.

Independence Power Holdings reported a significantly reduced net loss of $(237,285) for the first quarter of 2026, a substantial improvement from $(3,006,255) in the prior year. The company also achieved positive operating cash flow of $74,058, reversing a negative trend. Despite these improvements, the company continues to report no revenue from its primary operations, with the reduced loss largely attributed to interest income from a secured promissory note. Additionally, a 7-for-1 forward stock split was completed in February 2026, and a new related-party credit line was established to enhance liquidity.

Independence Power Holdings, Inc. announced the appointment of Brian Dutton as its new Chief Financial Officer, effective April 13, 2026. He succeeds Scott Stephenson, who resigned from the CFO role on April 10, 2026, but will continue to serve as a member of the Board of Directors. Mr. Dutton brings extensive experience, having previously served as VP and CFO for Crimson Energy Partners and holding senior finance roles at Vine Energy Inc. and Silver Creek Oil & Gas.