Innovative Sol SEC Filings

Innovative Solutions & Support (ISSC) filed a Form 3 for a director, indicating no securities are beneficially owned as of the event on 10/28/2025. The filing notes an Exhibit 24 Power of Attorney and is signed by an attorney-in-fact.

Innovative Solutions and Support (ISSC) expanded its Board of Directors to seven members and appointed Richard Silfen as an independent director, effective immediately. He will serve until the next annual meeting or until a successor is elected and qualified.

Silfen is General Counsel at Hildred Capital Management and previously served as partner and Co-Chair of M&A at Duane Morris LLP from June 2015 to June 2025, leading acquisitions, divestitures, business combinations, control transactions, and capital formation work.

The Board determined he is independent under applicable rules. There are no family relationships, no related‑party transactions requiring disclosure, and no grants or awards made in connection with his appointment. He will participate in the Company’s standard non‑employee director compensation program as previously described. The Company issued a press release announcing the appointment.

Innovative Solutions and Support, Inc. (ISSC) filed a Form S‑3 shelf registration to offer and sell up to $100,000,000 of common stock from time to time, in one or more offerings, after effectiveness and as described in future prospectus supplements. The company may sell directly, through agents, or via underwriters or dealers, including in at‑the‑market offerings on Nasdaq.

The company states it intends to use net proceeds for acquisitions of product lines, companies or businesses and for general corporate purposes, including working capital and capital expenditures. ISSC’s common stock trades on the Nasdaq Global Select Market under “ISSC”; the last reported sale price was $11.78 per share on October 13, 2025. Shares outstanding were 17,636,625 as of October 13, 2025. A prospectus supplement will set specific terms, amounts, pricing and distribution details for each takedown.

Innovative Solutions and Support, Inc. reported significant growth for the quarter and nine months ended June 30, 2025. Total net sales rose to $24.1 million for the three months and $62.0 million for the nine months, up from $11.8 million and $31.8 million a year earlier. Net income was $2.44 million for the quarter and $8.52 million for the nine months, with basic earnings per share of $0.14 and $0.49 for the quarter and nine months, respectively.

Balance sheet and cash flow highlights include total assets of $91.8 million, shareholders' equity of $56.8 million, cash and cash equivalents of $601,759, inventories of $20.7 million, operating cash flow of $10.34 million for the nine months, and net cash used in financing of $4.77 million. The company completed multiple Honeywell asset transactions (June 2023, July 2024, September 2024) totaling material consideration including $35.86 million and $14.06 million purchases; certain purchase price allocations remain preliminary. Revenue concentration is notable: Lockheed Martin represented 52% of net sales for the quarter and 47% for the nine months.

Innovative Solutions & Support (ISSC) signed a new five-year Credit Agreement with JPMorgan Chase on 18 Jul 2025 providing up to $100 million in committed financing.

• Revolver: $30 m; availability for working capital & general corporate use.
• Initial Term Loan: $25 m drawn immediately; quarterly amortization of $0.625 m begins 30 Sep 2025.
• Delayed-Draw Term Loan: $45 m available solely for permitted acquisitions; 2.5 % quarterly amortization starts after 18 Jan 2026.

The facility replaces a $35 m PNC revolver, refinancing that debt and increasing total liquidity by $65 m. All loans mature five years from first advance and are secured by substantially all domestic assets, including the Exton, PA headquarters. Borrowings bear interest at either (i) Alternate Base Rate +0.75–1.75 % or (ii) Term SOFR +1.75–2.75 %, depending on total net leverage; default rate is +200 bp. Covenants restrict additional debt, liens, investments, dispositions and dividends; cross-default threshold is $2.5 m. ISSC may request a further $25 m in incremental commitments, subject to lender consent.

The arrangement significantly extends borrowing capacity and funds potential M&A, but increases secured leverage and exposes the company to floating-rate costs.

Schedule 13D/A Amendment No. 10 – Innovative Solutions & Support (ISSC)

Christopher Harborne and his wholly owned entity Klear Kite LLC have filed their tenth and final Schedule 13D amendment, disclosing that they now beneficially own 0 shares of ISSC, equal to 0 % of the 17,604,155 shares outstanding (as of 1 May 2025). The group therefore no longer qualifies as a 5 %-plus beneficial owner and has exited its reporting obligations under Section 13(d). The effective exit date is 10 July 2025; all sales were executed in the open market, as detailed in Exhibit 99.9 (not included in the excerpt).

Key points for investors

• Complete divestiture: Former >5 % holder has sold its entire position.
• Voting power: Both sole and shared voting/dispositive power are now zero.
• Filing purpose: Marks the end of the shareholder group’s Schedule 13D obligations (exit filing).

No operational, earnings, or strategic data are provided; the filing strictly updates ownership information.

Amendment No. 9 to Schedule 13D discloses that Klear Kite LLC and its sole member Christopher Harborne collectively own 959,327 shares of Innovative Solutions & Support Inc. (ISSC). This holding equals 5.5 % of the company’s 17,604,155 outstanding common shares (as of 1 May 2025). Both parties share voting and dispositive power over the entire position.

The amendment, dated 8 July 2025 and signed 10 July 2025, replaces Item 5 in its entirety and adds Exhibit 99.8, which lists open-market transactions executed since Amendment No. 8 (details not included in the excerpt). No other sections of the original Schedule 13D are modified. The filing confirms that Harborne (citizenship: Thailand) and Klear Kite (Delaware LLC) remain passive 5 %-plus shareholders, classified as “IN” and “OO” reporting persons, respectively.