NAPC Defense delays annual 10-K, seeks brief extension

NAPC Defense, Inc., formerly Treasure & Shipwreck Recovery, Inc., reports it could not complete its Form 10-K for the period ended April 30, 2026 by the July 29, 2026 deadline without unreasonable effort or expense.

Accepted by SEC EDGAR 07/29/2026 - 11:43 AM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

NAPC Defense, Inc., formerly Treasure & Shipwreck Recovery, Inc., reports it could not complete its Form 10-K for the period ended April 30, 2026 by the July 29, 2026 deadline without unreasonable effort or expense. The delay stems from finalizing the presentation of financial statements and subsequent events and from its independent registered public accounting firm needing additional time to complete its review.

The company states it expects to file the annual report within the 15-calendar-day extension allowed under Rule 12b-25. It indicates that all other required periodic reports over the past 12 months have been filed and that it does not anticipate any significant change in results of operations versus the prior fiscal year in the forthcoming Form 10-K.

Key Figures

Fiscal year end: April 30, 2026 Original 10-K due date: July 29, 2026 Extension length: 15 calendar days +1 more

4 metrics

Fiscal year end April 30, 2026 Period ended for the delayed Annual Report on Form 10-K

Original 10-K due date July 29, 2026 Filing date applicable to smaller reporting companies

Extension length 15 calendar days Maximum extension period for the annual report under Rule 12b-25

Company telephone 727-242-6272 Contact number listed for Edward K. West, CEO

Key Terms

Rule 12b-25, smaller reporting companies, independent registered public accounting firm

3 terms

Rule 12b-25 regulatory

"seeks relief pursuant to Rule 12b-25(b)"

Rule 12b-25 is an SEC filing provision that lets a company notify regulators and the public that it cannot file a required periodic report (like a quarterly or annual report) on time and explains the reason for the delay. For investors, the notice is a formal heads-up that financial information will arrive late—similar to a company calling to say it will be late turning in homework—so it signals increased uncertainty and may affect trading and risk assessments until the filing is available.

smaller reporting companies regulatory

"filing date applicable to smaller reporting companies"

independent registered public accounting firm financial

"its independent registered public accounting firm requires additional time"

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did NAPC Defense, Inc. (BLIS) file a Form 12b-25 for its 10-K?

NAPC Defense, Inc. filed a Form 12b-25 because it could not complete its Form 10-K for the period ended April 30, 2026 without unreasonable effort or expense, citing delays in finalizing financial statement presentation and subsequent events and additional time needed by its independent auditor.

When does NAPC Defense, Inc. (BLIS) expect to file its delayed Form 10-K?

The company anticipates filing the Annual Report on Form 10-K no later than the 15th calendar day following the prescribed July 29, 2026 due date, relying on the extension provided under Rule 12b-25 for late filings.

Does NAPC Defense, Inc. (BLIS) expect major changes in results in the upcoming 10-K?

No. NAPC Defense, Inc. indicates it does not anticipate any significant change in results of operations from the corresponding period of the prior fiscal year in the earnings statements that will be included in the delayed Form 10-K.

Have other required SEC reports been filed by NAPC Defense, Inc. (BLIS)?

Yes. The company states that all other periodic reports required under Section 13 or 15(d) of the Exchange Act during the preceding 12 months, or shorter required period, have been filed, with no missing reports identified.

What period will NAPC Defense, Inc. (BLIS) cover in its delayed Form 10-K?

The delayed Form 10-K will cover the company’s fiscal year for the period ended April 30, 2026. The filing relates to its status as a smaller reporting company with the corresponding July 29, 2026 filing deadline.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

FORM 12b-25

 NOTIFICATION OF LATE FILING

(Check one):

x

Form 10-K

o

Form 20-F

o

Form 11-K

o

Form 10-Q

o

Form 10-D

o

Form N-SAR

o

Form N-CSR

For Period Ended: April 30, 2026

o

Transition Report on Form 10-K

o

Transition Report on Form 20-F

o

Transition Report on Form 11-K

o

Transition Report on Form 10-Q

o

Transition Report on Form N-SAR

For the Transition Period Ended:

 Read Instruction (on back page) Before Preparing Form. Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

PART I — REGISTRANT INFORMATION

Full Name of Registrant:	NAPC Defense, Inc.
Former Name if Applicable:	Treasure & Shipwreck Recovery, Inc.
Address of Principal Executive Office (Street and Number):	4910 Creekside Dr. Suite K
City, State and Zip Code:	Clearwater, FL 33760

PART II — RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

⌧	(a)	The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
	(c)	The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

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PART III — NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

NAPC Defense, Inc. (the “Registrant”) was unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the period ended April 30, 2026 (the “Annual Report”) by the July 29, 2026 filing date applicable to smaller reporting companies due to a delay experienced by the Registrant in finalizing the presentation of the financial statements and subsequent events in the Annual Report. As a result, the Registrant is still in the process of compiling required information to complete the Annual Report and its independent registered public accounting firm requires additional time to complete its review of the financial statements for the period ended April 30, 2026 to be incorporated in the Annual Report.  The Registrant anticipates that it will file the Annual Report no later than the fifteenth calendar day following the prescribed filing date.

PART IV— OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification

Edward K. West		727		242-6272
(Name)		(Area Code)		(Telephone Number)

(2)	Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed ? If answer is no, identify report(s).
		Yes	x		No	o

(3)	Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
		Yes	o		No	x

If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

NAPC DEFENSE, INC.

 (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date	July 29, 2026		By	/s/ Edward K. West
				Edward K. West
				Chief Executive Officer

INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed with the form.

ATTENTION

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

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