Black Titan Corporation reported a sharp deterioration in results for the six months ended January 31, 2026. Revenue fell 29.9% to $1,179,735 from $1,682,879, as implementation, licensing, and other revenues declined, partly offset by 40.7% growth in SaaS subscription revenue.
Gross profit dropped to $315,656 from $620,996, and general and administrative expenses surged to $3,300,862 from $295,470, mainly due to approximately $1.8M higher professional fees and an $800,000 severance accrual, leading to a net loss of $3,092,512 versus prior income of $294,968.
Annual Recurring Revenue increased to $857,152 from $692,870, reflecting a larger maintenance base. Cash, cash equivalents and restricted cash rose to $4,604,980, supported by $5.5M of Series A preferred financing, a $1,515,000 convertible note (10% coupon, maturing January 16, 2028) and reverse recapitalization proceeds. The company also outlined an early-stage DAT+ digital asset treasury strategy, with no material digital asset holdings yet.
Black Titan Corporation reported that Co-Chief Executive Officer and director Mr. Chay Weei Jye has resigned from both roles, effective June 12, 2026. The company states that his resignation did not arise from any disagreement over operations, policies, or practices.
Mr. Chay will not receive severance benefits in connection with his departure. The remaining leadership, including Chief Executive Officer Shang Ju Lin, continues to manage the company, and Black Titan publicly expresses appreciation for Mr. Chay’s years of service and contributions.
Black Titan Corporation is registering 6,157,019 Ordinary Shares for resale, representing shares issuable upon conversion of an Initial Convertible Note with original principal of $1,515,000. The Notes are convertible at an initial conversion price of $1.98 per share and the registration covers shares underlying the Initial Note; the Company may issue Additional Notes of up to $198,500,000 in the future. The prospectus states the Company will not receive proceeds from resale by the Selling Shareholders and discloses a Beneficial Ownership Limitation (9.99%) and leak-out resale limits tied to daily trading volume. Shares outstanding were 10,774,621 Ordinary Shares as of the prospectus date; market price cited was $1.39 (close on May 8, 2026).
Black Titan Corporation resolves a disputed bonus claim through a US$800,000 settlement payment to former TTNP CEO David Lazar, funded on April 15, 2026. ARC Group International Limited provided the funds, and in return received 800 non-voting Series B preferred shares, convertible into ordinary shares at 80% of the prior 5-day VWAP.
These Series B Shares carry strong protective rights, requiring majority Series B consent for adverse charter changes, increasing the series, or fundamental transactions. Black Titan also amended its senior unsecured convertible note documents for up to $200,000,000 in notes to remove references to an “Adjusted Floor Price” while confirming a Floor Price of $0.3248 and an interest conversion price based on 90% of the lowest 10-day VWAP, subject to that floor.
The company additionally released a research-style press release discussing trends in equity tokenization, autonomous DeFi infrastructure, neobank U.S. charter efforts, and institutional real-world-asset tokenization, positioning Black Titan as a digital asset technology company focused on its DAT+ strategy.
Black Titan Corporation files a preliminary Form F-1/A registering 6,157,019 Ordinary Shares for resale by selling shareholders; these shares are issuable upon conversion of a $1,515,000 Initial Convertible Note issued January 16, 2026. The Securities Purchase Agreement permits up to $198,500,000 of additional Convertible Notes in increments of $1,500,000, with conversion at an initial conversion price of $1.98, subject to adjustments and a Beneficial Ownership Limitation. The registration statement covers resale only; the company states it will not receive proceeds from sales by the selling shareholders and has the right to issue Additional Notes at future closings.
The prospectus discloses Nasdaq listing under the symbol BTTC, total Ordinary Shares outstanding of 10,774,621, a disclosed closing price of $1.39 (as of May 8, 2026), and the company’s stated intention to deploy net proceeds from Note financings for general corporate purposes, including its early-stage digital asset treasury strategy ("DAT+").
Black Titan Corp filed a Form 6-K describing a new cryptocurrency-focused business initiative and sharing a detailed research note on institutional digital-asset infrastructure.
The note explains how “DeFi-as-a-Service” is shifting toward automated yield routing, Restaking-as-a-Service and tokenized private credit, especially for Neobanks. It highlights stablecoin sweep accounts that move idle USDC or PYUSD into over-collateralized lending pools, and restaking APIs that package Ethereum-based yields into compliant products via regulated custodians and prime brokers.
Black Titan also discusses tokenized private credit on Avalanche Evergreen subnets and Euro stablecoin lending under MiCA, positioning itself as a digital asset technology company pursuing a DAT+ strategy that uses its balance sheet to support and provide liquidity to decentralized protocols.
Black Titan Corporation filed a Form 6-K describing new business activities under a cryptocurrency initiative and attaching a research-style press release on crypto payments. The note highlights how stablecoin-based payment infrastructure, merchant integrations, and regulation are moving toward broader institutional use.
It cites Circle’s launch of CPN Managed Payments, enabling institutions to access regulated USDC settlement without running blockchain systems, and notes that USDC had supported more than $70 trillion in cumulative onchain settlement as of March 25, 2026. It also describes Thunes joining that platform, Paysafe’s crypto funding option for U.S. iGaming merchants, new U.S. Treasury requirements under the GENIUS Act, and Hong Kong’s first stablecoin issuer licences for Anchorpoint Financial Limited and HSBC.
Black Titan Corporation filed a Form 6-K describing a new cryptocurrency initiative framed around institutional stablecoin infrastructure. The attached research-style press release highlights developments in privacy-preserving blockchains, programmable settlement, and last‑mile payout connectivity.
It cites Visa becoming a Super Validator on the Canton Network, BitGo adding qualified custody for Canton assets, Ripple’s participation in MAS’s BLOOM trade-settlement pilot using Ripple USD, and new integrations by Circle’s payments network and Nium’s stablecoin card platform. The note also describes Black Titan Corp as a digital asset technology company pursuing a DAT+ strategy that uses its corporate balance sheet to support, govern, and provide liquidity to decentralized protocols.
Black Titan Corporation filed a report highlighting a new cryptocurrency initiative focused on institutional digital asset infrastructure. The company describes how “DeFi-as-a-Service” and “Lending-as-a-Service” are expanding beyond Ethereum into high-performance blockchains and permissioned subnets serving neobanks and payment processors.
The update outlines Solana-based lending pilots by Latin American neobanks targeting 6-8% APYs on USDC deposits, restaking-based yields packaged by institutional custodians, and tokenized private credit launched on Avalanche Evergreen Subnets for retail distribution through compliant neobank frontends.
It also notes payment processors adding “yield routing” to stablecoin APIs and discusses market implications, including the end of single-protocol dominance, the growing role of prime brokers as API gateways, and expectations for new yield aggregators, regulatory distinctions between LaaS and RaaS, and increased cross-chain interoperability.