NAPC Defense delays quarterly report filing

NAPC Defense, Inc. requested a short Rule 12b-25 extension to complete its July 31, 2026 Form 10-Q, citing review and presentation delays without expecting major earnings changes.

Rhea-AI Filing Summary

NAPC Defense, Inc. (NAPD) notified that its Quarterly Report on Form 10-Q for the period ended July 31, 2026 will be filed late. The company cites delays in finalizing financial statement presentation and subsequent events, and its independent registered public accounting firm needs additional time to complete its review. NAPC Defense expects to file the report within the five-day extension allowed under Rule 12b-25 and indicates it does not anticipate any significant change in results of operations versus the same period last year.

Key Figures

Reporting period end: July 31, 2026 Original due date: September 14, 2026 Extension length: 5 calendar days +2 more

5 metrics

Reporting period end July 31, 2026 Quarterly Report on Form 10-Q period end

Original due date September 14, 2026 Filing date applicable to smaller reporting companies

Extension length 5 calendar days Maximum additional time to file the Form 10-Q under Rule 12b-25

All other reports filed Yes All required periodic reports in preceding 12 months have been filed

Significant change in results expected No Company does not anticipate significant change in results of operations versus prior year period

Key Terms

Rule 12b-25, Quarterly Report on Form 10-Q, smaller reporting companies, independent registered public accounting firm

4 terms

Rule 12b-25 regulatory

"seeks relief pursuant to Rule 12b-25(b)"

Rule 12b-25 is an SEC filing provision that lets a company notify regulators and the public that it cannot file a required periodic report (like a quarterly or annual report) on time and explains the reason for the delay. For investors, the notice is a formal heads-up that financial information will arrive late—similar to a company calling to say it will be late turning in homework—so it signals increased uncertainty and may affect trading and risk assessments until the filing is available.

Quarterly Report on Form 10-Q regulatory

"file its Quarterly Report on Form 10-Q for the period ended"

A quarterly report on Form 10-Q is a standardized financial filing public companies must submit to U.S. regulators every three months, summarizing recent financial results, cash flows, balance sheet changes, operations and material risks or legal developments. Investors treat it like a company report card that shows up-to-date facts rather than marketing copy, helping them track performance, spot trends, reassess risk and make buy or sell decisions.

smaller reporting companies regulatory

"filing date applicable to smaller reporting companies"

independent registered public accounting firm financial

"its independent registered public accounting firm requires additional time"

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

FAQ

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

Why is NAPD’s Form 10-Q for July 31, 2026 being filed late?

NAPC Defense, Inc. reports its July 31, 2026 Form 10-Q is delayed because it is still finalizing financial statement presentation and subsequent events, and its independent registered public accounting firm needs additional time to complete its review.

When does NAPD expect to file the delayed Form 10-Q?

NAPC Defense, Inc. states it anticipates filing the Form 10-Q for the period ended July 31, 2026 no later than the fifth calendar day after the September 14, 2026 due date, relying on the Rule 12b-25 extension.

Does NAPD expect significant changes in results versus last year?

No. NAPC Defense, Inc. indicates it does not anticipate any significant change in results of operations compared with the corresponding period of the prior fiscal year in the earnings statements to be included in the delayed Form 10-Q.

Have all other required NAPD reports been filed in the last 12 months?

Yes. NAPC Defense, Inc. confirms that all other periodic reports required under the Exchange Act during the preceding 12 months, or the shorter period it has been required to file, have been filed.

Who signed NAPD’s late filing notification and in what capacity?

The notification was signed on September 14, 2026 by Edward K. West, who is identified as the company’s Chief Executive Officer, acting as a duly authorized representative of NAPC Defense, Inc.

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

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Available on EDGAR 09/14/2026 - 04:02 PM Accepted by SEC EDGAR 09/14/2026 - 04:01 PM Learn about SEC filing dates

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

FORM 12b-25

 NOTIFICATION OF LATE FILING

(Check one):

o

Form 10-K

o

Form 20-F

o

Form 11-K

x

Form 10-Q

o

Form 10-D

o

Form N-SAR

o

Form N-CSR

For Period Ended: July 31, 2026

o

Transition Report on Form 10-K

o

Transition Report on Form 20-F

o

Transition Report on Form 11-K

o

Transition Report on Form 10-Q

o

Transition Report on Form N-SAR

For the Transition Period Ended:

 Read Instruction (on back page) Before Preparing Form. Please Print or Type.

Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

PART I — REGISTRANT INFORMATION

Full Name of Registrant:	NAPC Defense, Inc.
Former Name if Applicable:	Treasure & Shipwreck Recovery, Inc.
Address of Principal Executive Office (Street and Number):	4910 Creekside Dr. Suite K
City, State and Zip Code:	Clearwater, FL 33760

PART II — RULES 12b-25(b) AND (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)

⌧	(a)	The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
	(b)	The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
	(c)	The accountant's statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.

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PART III — NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

NAPC Defense, Inc. (the “Registrant”) was unable, without unreasonable effort or expense, to file its Quarterly Report on Form 10-Q for the period ended July 31, 2026 (the “Quarterly Report”) by the September 14, 2026 filing date applicable to smaller reporting companies due to a delay experienced by the Registrant in finalizing the presentation of the financial statements and subsequent events in the Quarterly Report. As a result, the Registrant is still in the process of compiling required information to complete the Quarterly Report and its independent registered public accounting firm requires additional time to complete its review of the financial statements for the period ended July 31, 2026 to be incorporated in the Quarterly Report.  The Registrant anticipates that it will file the Quarterly Report no later than the fifth calendar day following the prescribed filing date.

PART IV— OTHER INFORMATION

(1) Name and telephone number of person to contact in regard to this notification

Edward K. West		727		242-6272
(Name)		(Area Code)		(Telephone Number)

(2)	Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed ? If answer is no, identify report(s).
		Yes	x		No	o

(3)	Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?
		Yes	o		No	x

If so: attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

NAPC DEFENSE, INC.

 (Name of Registrant as Specified in Charter)

has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.

Date	September 14, 2026		By	/s/ Edward K. West
				Edward K. West
				Chief Executive Officer

INSTRUCTION: The form may be signed by an executive officer of the registrant or by any other duly authorized representative. The name and title of the person signing the form shall be typed or printed beneath the signature. If the statement is signed on behalf of the registrant by an authorized representative (other than an executive officer), evidence of the representative's authority to sign on behalf of the registrant shall be filed with the form.

ATTENTION

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

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