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FiEE generates about $1.3M in auction service revenue

The approximately US$2.9 million aggregate artwork transaction value was not FiEE revenue; FiEE generated approximately US$1.3 million in service revenue.

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Form Type
8-K

Rhea-AI Filing Summary

FiEE, Inc. announced completion of its Kyoto art exhibition and accompanying auction. The auction drew nearly 400 participants online and in person and generated approximately US$2.9 million in aggregate artwork transaction value; the company stated this was artwork sales, not FiEE revenue. FiEE generated approximately US$1.3 million in service revenue from the auction.

Organized by subsidiary FiEE Channel Limited in partnership with the Museum of Kyoto, Harmony of Ink: FAx26 Kyoto International Contemporary Art Exchange Exhibition ran from October 23 to October 25, 2026; the auction took place October 23. FiEE describes its O2O strategy as connecting app-based discovery with in-person experiences: the FiEE Channel App supports content creation and audience acquisition, while Fontree enables online participation in curated art sales and transactions. FiEE plans regular art appreciation and networking events and sees opportunities to develop art advisory services.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Aggregate artwork transaction value Approximately US$2.9 million Kyoto auction; artwork sales, not FiEE revenue
Auction service revenue Approximately US$1.3 million Generated by FiEE from the Kyoto auction
Auction participants Nearly 400 participants Online and in person
online-to-offline (“O2O”) technical
"online-to-offline (“O2O”) ecosystem"
software-as-a-service (“SaaS”) technical
"software-as-a-service (“SaaS”) solutions"
Software-as-a-service (SaaS) is a way companies deliver software over the internet on a subscription basis instead of selling a one-time copy. For investors, SaaS businesses typically produce steady, recurring revenue—like a monthly rent payment—so future cash flow depends on adding and keeping customers, making growth, customer turnover and subscription pricing the main drivers of company value.
key opinion leaders (“KOLs”) technical
"network of key opinion leaders (“KOLs”)"

FAQ

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

How much revenue did FIEE generate from the Kyoto auction?

FiEE generated approximately US$1.3 million in service revenue from the auction.

What was the artwork transaction value at FIEE’s Kyoto auction?

The auction produced approximately US$2.9 million in aggregate artwork transaction value. FiEE stated that this represents artwork sales, not company revenue.

What art advisory services is FIEE considering?

FiEE sees opportunities to develop personalized artwork recommendations, artist introductions, acquisition assistance, collection development, and post-transaction support. It also described possible complementary offerings such as artwork safekeeping, promotional services, and exhibition opportunities.

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

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false 0001467761 0001467761 2026-11-06 2026-11-06 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 6, 2026

 

FiEE, Inc.

 

(Exact name of registrant as specified in its charter)

 

Delaware   001-37649   04-2621506

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

 

3-33, 2-chome Utajima, Nishiyodogawa District, Osaka, Japan

(Address of principal executive offices, including zip code)

 

+81 6 7509 3700

(Registrant’s telephone number, including area code)

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17-CFR 240.14d-2(b))

 

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17-CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol   Name of each exchange on which registered
Common Stock, $0.01 par value   FIEE   The Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

 

 

 

Item 8.01Other Events.

 

On November 6, 2026, FiEE, Inc. issued a press release announcing the completion of its international art exhibition and related special auction in Kyoto, Japan. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 8.01.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit   Description
99.1   Press release of FiEE, Inc., dated November 6, 2026.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  FIEE, INC.
     
Date: November 6, 2026 By: /s/ Li Wai Chung
    Li Wai Chung
    Chief Executive Officer and President

 

2

 

Exhibit 99.1

 

FiEE Advances O2O ArtTech Ecosystem with Approximately US$2.9 Million in Gross Transaction Value

at Kyoto Artwork Sales Event, Targeting Art Advisory and Global Collector Networks

 

Kyoto event generates approximately US$1.3 million in service revenue for FiEE, highlighting opportunities in next-generation art discovery and collector engagement

 

Osaka, Japan, November 6, 2026 – FiEE, Inc. (NASDAQ: FIEE) (“FiEE” or the “Company”), a technology company integrating Internet of Things (“IoT”), connectivity, and artificial intelligence (“AI”) to redefine brand management solutions, today announced the successful completion of its international art exhibition and accompanying auction in Kyoto, Japan. The event marks a milestone in FiEE’s evolution toward an online-to-offline (“O2O”) ecosystem integrating art and technology (“ArtTech”), connecting artists and global collectors through digital engagement, physical experiences, and commercial transactions.

 

Organized by the Company’s subsidiary, FiEE Channel Limited, in partnership with the Museum of Kyoto, Harmony of Ink: FAx26 Kyoto International Contemporary Art Exchange Exhibition took place from October 23 to 25, 2026. The accompanying auction, held on October 23, 2026, attracted nearly 400 participants online and in person, resulting in an aggregate artwork transaction value of approximately US$2.9 million. The aggregate transaction value represents artwork sales, not the Company’s revenue. FiEE generated approximately US$1.3 million in service revenue from the auction, highlighting the commercial potential of its O2O business model. Building on this success, FiEE plans to organize regular art appreciation and networking events to deepen collector engagement and create additional revenue opportunities.

 

Discovering hidden gems: Engaging the next generation of collectors

 

FiEE sees opportunities to engage younger collectors, including millennials (Generation Y) and members of Generation Z, who seek originality, cultural identity, and emerging artistic talent beyond established names.

 

Leveraging its network of key opinion leaders (“KOLs”), digital content capabilities, and curated exhibitions, FiEE aims to connect artists with collectors seeking distinctive artworks and hidden gems. By combining online discovery with physical experiences, the Company seeks to make art more accessible while expanding international exposure for artists.

 

Beyond transactions: Art advisory as a service

 

FiEE believes artwork acquisition should mark the beginning of a lasting collector relationship. The Company sees opportunities to develop art advisory services that would offer personalized artwork recommendations, artist introductions, acquisition assistance, collection development, and post-transaction support.

 

Complementary offerings, including artwork safekeeping, promotional services, and exhibition opportunities, could further strengthen collector relationships. By extending engagement beyond individual purchases, FiEE aims to encourage repeat transactions and generate advisory fees and recurring service revenue, supporting a more diversified business model.

 

Connecting online discovery with offline experiences

 

FiEE’s O2O strategy integrates digital engagement with physical cultural experiences, creating a connected journey from artwork discovery to acquisition. The Company’s software-as-a-service (“SaaS”) solutions support this strategy. The FiEE Channel App supports content creation, social media amplification, and audience acquisition, while the Fontree App enables online participation in curated art sales and facilitates transactions. Physical exhibitions and private events are intended to complement these platforms, allowing collectors to experience artworks firsthand and build relationships with artists.

 

Together, these channels create opportunities for continued engagement, repeat participation, and additional value-added services.

 

 

 

 

Rafael Li, Chief Executive Officer and President of FiEE, commented, “The success of our Kyoto art exhibition and accompanying auction highlights FiEE’s ability to translate digital engagement into meaningful commercial transactions while establishing a foundation for a broader ArtTech ecosystem. We see exciting opportunities among younger collectors seeking hidden gems and emerging talent. By seeking to combine personalized art advisory, curated experiences, and a global collector network, we aim to make art discovery more accessible and rewarding.

 

“Our vision extends beyond individual transactions. We aim to connect online discovery with offline experiences and build lasting relationships between artists and collectors, with the goal of unlocking new revenue opportunities and creating long-term value for our stockholders.”

 

About FiEE, Inc.

 

FiEE, Inc. (NASDAQ: FIEE), formerly Minim, Inc., was founded in 1977. It has a historical track record of delivering a comprehensive WiFi/SaaS platform in the market. After years of development, it made the strategic decision to transition to a Software First Model in 2024 to expand its technology portfolio and revenue streams. In 2025, FiEE, Inc. rebranded itself as a technology company leveraging its expertise in IoT, connectivity, and AI to explore new business prospects and extend its global footprint.

 

FiEE, Inc.’s services are structured into four key categories: Cloud-Managed Connectivity (WiFi) Platform, IoT Hardware Sales & Licensing, SaaS Solutions, and Professional To-C and To-B Services & Support. Notably, FiEE, Inc. has introduced its innovative SaaS solutions, which integrate its AI and data analytics capabilities into content creation and brand management. This initiative has nurtured a robust pool of KOLs on major social media platforms worldwide, helping them develop, manage, and optimize their digital presence. FiEE, Inc.’s services include customized graphics and posts, short videos, and editorial calendars tailored to align with brand objectives.

 

Forward-Looking Statements

 

In addition to historical information, this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements, written, oral or otherwise made, represent the Company’s expectation or belief concerning future events. Without limiting the foregoing, the words “believes,” “expects,” “may,” “might,” “will,” “should,” “seeks,” “intends,” “plans,” “strives,” “goal,” “estimates,” “forecasts,” “projects” or “anticipates” or the negative of these terms and similar expressions are intended to identify forward-looking statements. Forward-looking statements included in this press release may include, among others, statements relating to (i) the future financial position and results of operations of the Company, (ii) our ability to successfully implement our strategic business expansion, (iii) the expected frequency, performance and financial contributions of future exhibitions, auctions, art appreciation and networking events, and the anticipated advisory fees and recurring revenue from art advisory and complementary services, (iv) our plans to implement our O2O ArtTech strategy, engage younger collectors, expand our global collector network, drive growth through innovation, build bridges between influencers, content creators, and global markets, and foster impactful partnerships to extend our reach across the digital landscape, and (v) our plans to further accelerate business growth and create value for our stockholders.

 

By nature, forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or implied by the forward-looking statement. These risks include variability in artwork supply, collector demand, bidding activity, transaction settlement, service-fee collection and event costs. Additional risks include our ability to develop and obtain market acceptance for art advisory and complementary services and to expand our global collector network. The frequency and results of future exhibitions, auctions and other events are uncertain, and there can be no assurance that future events will achieve comparable transaction values, sell-through rates or revenue. In addition, there may be other factors of which we are presently unaware or that we currently deem immaterial that could cause our actual results to be materially different from the results referenced in the forward-looking statements. All forward-looking statements contained in this press release are qualified in their entirety by this cautionary statement. Although we believe that our plans, intentions and expectations are reasonable, we may not achieve our plans, intentions or expectations. Forward-looking statements are based on current expectations and assumptions and currently available data and are neither predictions nor guarantees of future events or performance. You should not place undue reliance on forward-looking statements, which speak only as of the date hereof. See “Risk Factors” and “Special Note Regarding Forward-Looking Statements” included in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s most recent annual report on Form 10-K and other risk factors described from time to time in subsequent quarterly reports on Form 10-Q or other subsequent filings. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

 

Media

fiee@dlkadvisory.com

Source: FiEE, Inc.

 

 

Filing Exhibits & Attachments

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