NAPC Defense, Inc.

NAPC Defense, Inc. filed its annual 10-K report for the year ended April 30, 2026, reporting a net loss of $2,882,376 and a working capital deficit of $2,127,166. The company's auditors expressed substantial doubt about its ability to continue as a going concern. NAPC Defense has strategically transitioned from its treasure recovery business to focus on the defense and security industries, acquiring rights for CornerShot weapons systems and munitions brokering opportunities.

NAPC Defense, Inc. announced the immediate termination of Mr. Craig Huffman from his role as Chief Legal Officer, effective June 8, 2026. The company's Board of Directors approved this change. NAPC Defense is now evaluating its legal and compliance leadership structure and plans to appoint a successor Chief Legal Officer at a later date.