Toppoint Holdings Inc.

Toppoint Holdings Inc. announced the resignation of Ms. Tianheng Li from its Board of Directors and all committee positions, including her roles as Chair of the Compensation Committee and Nominating and Corporate Governance Committee, effective June 23, 2026. Her departure was attributed to personal reasons and not any disagreement with the company. Subsequently, on June 25, 2026, the Board appointed Chung Ming Bruce Hui, an existing independent director, to serve as Chair of both the Compensation Committee and the Nominating and Corporate Governance Committee.

Toppoint Holdings Inc. issued a statement at the request of NYSE American regarding unusual trading activity in its common stock between May 27 and May 29, 2026. The company conducted an internal review and confirmed it is not aware of any material, undisclosed corporate developments that would account for the observed activity. Toppoint stated it will continue to monitor trading and comply with its disclosure obligations.

Toppoint Holdings Inc. entered into a Securities Purchase Agreement on May 19, 2026, to sell 5,000,000 shares of its common stock in a private placement. The shares were priced at $0.83 each, generating aggregate gross proceeds of $4,150,000. The company plans to use the net proceeds for general corporate and working capital purposes, with the closing expected around May 28, 2026.

Toppoint Holdings Inc. reported an 8% year-over-year revenue increase to $4.1 million for the first quarter ended March 31, 2026, driven by strong growth in its import and metal verticals. Import revenue surged 61.8% to $1.4 million, and metal revenue grew 164.8% to $565,647. Despite this growth, the company reported a net loss of $653,732, or $(0.03) per diluted share, and waste paper revenue declined 20.2%. The company also expanded its geographic footprint and invested in AI-powered logistics software.

Toppoint Holdings Inc. reported an 8% year-over-year revenue increase to $4.1 million for the first quarter ended March 31, 2026. This growth was primarily driven by exceptional performance in its import and metal verticals, which saw surges of 61.8% and 164.8% respectively. Despite these gains, the company reported a net loss of $653,732, or $(0.03) per diluted share, due to increased operational costs. Toppoint also improved net cash used in operating activities and expanded its geographic presence into Houston, TX, while continuing growth in Florida and Maryland.

Toppoint Holdings Inc. announced several leadership changes. Ms. Florence Ng and Ms. Tan Ying Lo resigned from their director positions, and Mr. Kah Loong Randy Yeo resigned as interim Chief Financial Officer, all citing personal reasons. The company subsequently appointed Ms. Tianheng Li as a new director, who will also chair the Compensation and Nominating and Corporate Governance Committees and serve on the Audit Committee.