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First Breach Inc. 424B Filings

FBDT NASDAQ

Every 424B that First Breach Inc. (FBDT) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 424B covers the supplement that carries the terms of a priced offering, so if you follow FBDT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FBDT filings page.

Rhea-AI Summary

First Breach Inc. (FBDT) filed a resale prospectus registering 50,887,472 shares of common stock, including 887,472 shares issued to Dawson James Securities and up to 50,000,000 shares issuable under a $50 million equity line of credit (the ELOC) with institutional investors. The company will not receive proceeds from selling stockholders’ resales but may, at its discretion, sell ELOC Shares to the Investors over 36 months at discounts of 3% or 1% to market prices and use up to $50 million in gross proceeds for general corporate purposes.

First Breach manufactures ammunition and components and is developing unmanned aerial systems through a joint venture with ideaForge and a services agreement with Hellbender. Financially, it reported net revenue of $361,357 and a net loss of $28.5 million for the six months ended June 30, 2026, driven largely by $22.0 million of non‑cash stock-based compensation and higher expenses. As of June 30, 2026, cash was $4.9 million and the working capital deficit was $8.2 million; management states that recurring losses and limited cash raise substantial doubt about the company’s ability to continue as a going concern, and it expects to rely on additional debt or equity financing, including the ELOC.

Rhea-AI Summary

First Breach, Inc. (FBDT) filed a prospectus supplement that incorporates its Form 10‑Q for the quarter ended June 30, 2026 into its existing Form S‑1 prospectus. The company manufactures match‑grade ammunition components and is developing unmanned aerial systems through a joint venture.

For the six months ended June 30, 2026, net revenues were $361,357 versus $110,905 a year earlier, while the company recorded a substantially larger net loss of $28.5 million versus $3.8 million, driven largely by $22.0 million of stock‑based compensation and higher operating expenses. Cash increased to $4.9 million from $2.5 million, mainly from $10.2 million of new senior secured convertible notes and $1.3 million of equity offerings.

Total assets were $17.6 million and stockholders’ equity was $1.4 million, with $16.2 million in total liabilities including $9.3 million of current convertible notes and a $2.5 million warrant liability. Management states that recurring losses, limited revenues, and negative operating cash flows raise substantial doubt about the company’s ability to continue as a going concern over the next 12 months.

Rhea-AI Summary

First Breach Inc. (FBDT) is registering the resale of up to 70,728,866 shares of common stock in connection with a direct listing on the Nasdaq Capital Market. This includes 45,034,282 existing shares (about 99.88% of shares outstanding as of August 7, 2026), 10,000,000 shares from RSUs, 14,733,046 from options, and 961,538 from May 2026 Notes convertible at $8.00 per share. The company states it will not receive proceeds from any resale by registered stockholders.

First Breach manufactures ammunition and components for commercial, law-enforcement and military markets, and is expanding into defense drone platforms via a joint venture with ideaForge and a services agreement with Hellbender, Inc. Financially, it is early-stage with modest net revenues of $266,004 for the quarter ended March 31, 2026 and a net loss of $14,646,955, following a 2025 net loss of $13,822,121. Cash was $1,414,608 and working capital was negative as of March 31, 2026, and management discloses substantial doubt about its ability to continue as a going concern.

The listing depends on Nasdaq approval; without approval, the direct listing will not be completed. First Breach qualifies as an emerging growth company and a smaller reporting company, allowing reduced disclosure and delayed adoption of new accounting standards.