FiEE, Inc. SEC Filings

FiEE, Inc. reported that its Board of Directors granted new equity awards to its top executives under the FiEE, Inc. 2025 Equity Incentive Plan. On May 12, 2026, Chief Executive Officer and President Li Wai Chung and Chief Financial Officer Cao Yu each received 143,561 restricted stock units (RSUs), with each RSU representing one share of common stock.

The RSUs are designed to vest over three years, with 30% vesting on the first anniversary of the grant date, another 30% on the second anniversary, and the remaining 40% on the third anniversary, as long as each executive remains employed through the relevant vesting dates. The awards are governed by the terms of the company’s 2025 Equity Incentive Plan and a standard restricted stock unit agreement filed as an exhibit.

NATAN DAVID reported acquisition or exercise transactions in this Form 4 filing.

FiEE, Inc. director Natan David received a grant of 100,000 shares of common stock on May 5, 2026, at a stated price of $0.00 per share. The award was issued under a Director Agreement dated April 29, 2025, as part of his director compensation.

After this stock award and a corrective adjustment for 2,000 previously under-reported shares, David now directly holds 248,792 FiEE common shares. The correction reflects a prior clerical error in earlier ownership reports, rather than a new transaction.

Chan Oi Fat reported acquisition or exercise transactions in this Form 4 filing.

FiEE, Inc. director Chan Oi Fat received an award of 100,000 shares of Common Stock as equity compensation. The shares were granted on May 5, 2026 at a stated price of $0.00 per share, pursuant to a Director Agreement dated April 29, 2025. Following this grant, Chan Oi Fat directly holds 100,000 common shares.

FiEE, Inc. received an updated ownership report from Elements Corporate Services Ltd. and individual investor Wong Man Ching. Together they report beneficial ownership of 3,196,343 shares of FiEE common stock, representing 38% of the class, including common shares and preferred stock on an as-converted basis.

The position consists of 3,119,830 common shares plus 76,513 common shares issuable from 54,652 shares of Series A Convertible Preferred Stock, which vote on an as-converted basis. The amendment states it is being filed solely because FiEE’s total outstanding common shares increased, not due to new transactions by the reporting persons.

FiEE, Inc. investors filed Amendment No. 6 to update their ownership stakes after an increase in the company’s outstanding common stock. Cao Yu is reported to beneficially own 4,615,012 shares of common stock, representing 40.6% of the class under Rule 13d-3(d)(1). Hu Bin is reported to beneficially own 3,125,745 shares, or 29.5% of the class. Youxin Consulting Ltd. and Li Wai Chung each report beneficial ownership of 649,254 shares, representing 7.2% of the common stock. These positions include common shares, shares issuable upon conversion of Series A Convertible Preferred Stock and shares issuable upon exercise of warrants, subject to a 19.99% Preferred Blocker on certain conversions. The reporting persons state they have not effected any transactions in FiEE securities within the 60 days preceding this amendment.

FiEE, Inc. filed a shelf registration to offer up to $30,000,000 of common stock, preferred stock, warrants and units. The prospectus states offerings may be made from time to time and that specific terms and expected net proceeds will be disclosed in prospectus supplements.

As of April 29, 2026, the company reported 8,328,598 shares of common stock outstanding and 2,620,951 shares held by non-affiliates, yielding an aggregate market value of approximately $18,818,428 based on a $7.18 closing price. The registration permits sales by the company through various distribution methods; use of proceeds is described as general corporate purposes.

FiEE, Inc. (FIEE) reported a sharp turnaround for the quarter ended March 31, 2026, as it pivots from legacy hardware into AI-driven SaaS and digital services. Revenue rose to $2.1 million from $125 a year earlier, driven by SaaS MCN digital services of $1.1 million, software services of $0.6 million, and digital authentication services of $0.4 million. Gross margin reached 70.4%, supporting net income of $351,516 versus a prior loss. Cash was $4.6 million with positive operating cash flow of $66,588, aided by a $2.0 million private placement at $5.07 per share. Despite this progress, FiEE still has an accumulated deficit of $95.3 million and discloses “substantial doubt” about its ability to continue as a going concern without additional capital. The company is also expanding in China’s music sector via a planned 51% stake and up to ~$2.9 million zero-interest convertible loan to Yinlian Culture, using a VIE structure to control Maltose Culture. A previously identified material weakness in internal control over financial reporting remains under remediation.

FiEE, Inc. reported a sharp turnaround in its first quarter ended March 31, 2026, moving from losses to profit. Revenue climbed to approximately $2.1 million, up from $125 a year earlier, driven by SaaS MCN digital services, software services, and digital authentication services.

Gross profit reached about $1.5 million with a 70.4% gross margin, compared to a gross loss in the prior-year quarter. Operating income was roughly $0.4 million versus a loss of similar size previously, and net income was about $0.4 million, or $0.02 diluted earnings per share, compared to a diluted loss per share of $0.10. Cash and cash equivalents were $4.6 million as of March 31, 2026, up from $3.1 million as of December 31, 2025.

FiEE, Inc. files an amended annual report to update its business description, risk factors, and Part III governance details after a major 2025 transformation. The company has pivoted from Motorola-branded networking hardware to a digital services model spanning AI-driven content and MCN services, custom software development, and blockchain-based digital authentication.

In 2025 FiEE generated $6.2 million in service fees and achieved profitability while completing two key deals: a $1.4 million purchase of Yixuntong assets and a $3.5 million acquisition of Japanese art-authentication firm HGK. Capital was raised through May 2025 private placements totaling $4.0 million and a January 2026 equity sale of about $2 million, alongside a $15 million equity purchase facility with Helena.

Operations now run mainly through a Hong Kong subsidiary, creating significant regulatory and geopolitical risk tied to PRC and U.S. laws, including national security and HFCA-related rules. FiEE discloses a 2025 material weakness in internal control over financial reporting and notes its Nasdaq listing remains under Panel monitoring until May 2026. As of March 16, 2026, FiEE had 7,934,122 common shares outstanding.