SideChannel, Inc.

SideChannel, Inc. will hold a Special Meeting of Stockholders on September 23, 2026, to vote on amending its Certificate of Incorporation. The primary proposal is to significantly reduce the authorized common stock from 681,000,000 to 13,100,000 shares and preferred stock from 10,000,000 to 1,000,000 shares. This corporate action is intended to reduce annual Delaware franchise tax obligations, enhance corporate governance, and mitigate potential dilution concerns. The Board of Directors unanimously recommends that stockholders approve this proposal.

SideChannel, Inc. reported a net loss of $(134)K for the three months ended June 30, 2026, an improvement from $(261)K in the prior year. However, the company issued a going concern warning, citing recurring operating losses, negative cash flows, and limited liquidity, raising substantial doubt about its ability to continue operations. For the nine months, net loss increased to $(974)K from $(510)K, and cash used in operations significantly rose to $(839)K.

SideChannel, Inc. announced that Robert Brown resigned from its Board of Directors, effective August 2, 2026. The company stated that his resignation was not due to any disagreement regarding its operations, policies, or practices. Following his departure, the Board now has four directors, leaving three vacancies as the Board size is set at seven members.

SideChannel, Inc. filed a Certificate of Withdrawal of Certificate of Designation of Series A Preferred Stock on July 27, 2026. This action effectively eliminated the Series A preferred stock, as no shares were outstanding at the time. The previously designated shares have been returned to authorized preferred stock, making them available for future designation and issuance by the Company's Board of Directors.

SideChannel, Inc. reported a significant increase in net loss for the three and six months ended March 31, 2026, alongside a substantial decrease in cash and total assets. The company's management has raised substantial doubt about its ability to continue as a going concern due to recurring operating losses, negative cash flows, and limited liquidity. Revenues also declined for both periods compared to the prior year, with vCISO services experiencing a notable decrease.

SideChannel, Inc. announced its financial results for the second quarter of fiscal year 2026, reporting a net loss of $444 thousand, or $0.10 per share, a significant increase from the $54 thousand net loss in the prior year. Revenue for the quarter decreased by 16.8% to $1.6 million. Despite the revenue decline and increased operating expenses due to targeted investments in selling and marketing, the company achieved an improved gross margin of 53.5% and increased trailing twelve-month revenue retention to 66.8%.