Karbon-X Corp.

Karbon-X Corp. filed its quarterly report (10-Q) for the period ending August 31, 2026. The company reported a significant decrease in total revenue to $343,967 from $35,658,933 in the prior year period, resulting in a wider net loss of $3,955,038 for the quarter. The company's total assets decreased while total liabilities increased, leading to a larger shareholders' deficit. The filing also details changes in financial instruments, including derivative liabilities and convertible notes.

Karbon-X Corp. has entered into a material definitive agreement with Chad Clovis, appointing him as Chief Executive Officer. The consulting agreement, effective May 18, 2026, outlines a base compensation of $450,000 per year, a target bonus of $150,000 based on milestones, and the grant of 1,500,000 stock options. The agreement also details various termination and severance benefits.

Karbon-X Corp. filed its Form 10-Q for the quarterly period ended February 28, 2026. The company reported a substantial increase in its cash and cash equivalents, which rose to $4,055,126 as of February 28, 2026, compared to $704,346 on May 31, 2025. This indicates a significant improvement in the company's liquidity position over the reported period.