PeakCart Group pulls SEC registration for overhaul

HYDRO POWER TECHNOLOGIES, INC.

Rhea-AI Filing Summary

HYDRO POWER TECHNOLOGIES, INC. (PCGC), now operating as PeakCart Group Corp., is requesting withdrawal of its Form 10-12G registration statement and all amendments before they become effective. The company plans to submit a new, clean Form 10-12G after completing extensive corporate, capitalization, governance, and disclosure updates, including treatment of preferred stock series and a Board-authorized proposed issuance of 75,000,000 restricted common shares. Updated financial statements, responses to SEC staff accounting comments, revised beneficial-ownership and related-party disclosures, and only required exhibits will be included in the future filing. The company states that no securities have been sold under the withdrawn registration, which related to registration of a class of securities under Section 12(g) of the Exchange Act.

Key Figures

Par value per common share: $0.0001 per share Proposed restricted common-share issuance: 75,000,000 shares File number: 000-52753 +2 more

5 metrics

Par value per common share $0.0001 per share Class of securities: Common Stock, par value $0.0001 per share

Proposed restricted common-share issuance 75,000,000 shares Board authorization on July 27, 2026 relating to a proposed restricted common-share issuance

File number 000-52753 Exchange Act registration File No. 000-52753 for the withdrawn Form 10-12G

Withdrawal request date August 17, 2026 Date of the company’s signed request to withdraw the Form 10-12G registration statement

Board authorization date July 27, 2026 Date of Board authorization related to the proposed 75,000,000 restricted common-share issuance

Key Terms

Form 10-12G, Section 12(g), reverse-acquisition, ASC 805, +2 more

6 terms

Form 10-12G regulatory

"The Company currently intends to file a new Form 10-12G registration statement"

Section 12(g) regulatory

"registration of a class of securities under Section 12(g) of the Securities Exchange Act"

Section 12(g) is a rule that requires companies to register with the government and share their financial details when they have a certain number of shareholders or assets. It matters because it makes these companies more transparent, helping investors make informed decisions and keeping the markets fair.

reverse-acquisition financial

"accounting comments, including ASC 805, reverse-acquisition, predecessor, Rule 3-05"

ASC 805 financial

"accounting comments, including ASC 805, reverse-acquisition, predecessor"

ASC 805 is the U.S. accounting standard that governs how companies record and report business acquisitions, including how purchased assets, assumed liabilities and goodwill are measured on the buyer’s balance sheet. It matters to investors because the accounting choices under ASC 805 determine the reported value of an acquisition and future profit or loss effects—similar to how different ways of listing items in a household budget change the appearance of your finances and the story they tell.

beneficial-ownership financial

"completion of updated beneficial-ownership, related-party, recent-sales, and risk-factor disclosure"

reverse split financial

"including the name change, symbol change, reverse split, forward split, and active PCGC"

A reverse split is when a company reduces the number of its outstanding shares by combining several existing shares into one new share, so the price per share rises proportionally while the company’s overall value stays the same. Investors care because it can make a stock appear more respectable or meet exchange rules — like turning many small coins into a single larger bill — but it can also signal financial trouble and often affects trading liquidity and investor perception.

FAQ

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

Why is PCGC (PeakCart Group Corp.) withdrawing its Form 10-12G registration statement?

PeakCart Group Corp. is withdrawing its Form 10-12G to allow completion of outstanding corporate, capitalization, governance, financial-statement, and disclosure updates. It plans to refile a new, clean registration after integrating these changes and addressing SEC staff accounting comments.

Does the PCGC Form 10-12G withdrawal involve any sold securities?

No securities have been sold under the withdrawn Form 10-12G. The filing relates to registration of a class of securities under Section 12(g) of the Exchange Act, not a Securities Act offering, so no unsold securities are being withdrawn from an offering.

What major share action is referenced in the PCGC withdrawal request?

The company cites a Board authorization dated July 27, 2026 relating to a proposed issuance of 75,000,000 restricted common shares. Disclosure about this proposed issuance must be completed and incorporated into the new Form 10-12G registration statement.

What corporate actions must PCGC complete before refiling Form 10-12G?

PeakCart plans to incorporate a completed FINRA corporate action, including name change, symbol change, reverse split, forward split, and an active PCGC trading symbol, along with finalized share structure and transfer-agent support, into the new registration statement.

What accounting matters are being addressed before PCGC refiles its registration?

Management is preparing responses to SEC Staff accounting comments covering ASC 805, reverse-acquisition and predecessor issues, Rule 3-05, debentures, revenue recognition, inventory, tax, EPS, and segment matters, all to be reflected in the updated Form 10-12G.

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

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Accepted by SEC EDGAR 08/18/2026 - 03:10 PM EDT Learn about SEC filing dates

PeakCart Group Corp. - Form 10-12G
Withdrawal Request

EDGAR Submission Type: RW
Registrant: PeakCart Group Corp. CIK: 0001365359

File No.: 000-52753

Original Registration Statement: Form 10-12G

Amendment No. 1: Form 10-12G/A filed June 29, 2026

Class of Securities: Common Stock, par value $0.0001 per share
Requested Action: Withdrawal of Form 10-12G registration statement, as amended

Refile Status: The Company intends to file a new, clean Form 10-12G registration statement in due course after completion of outstanding documentation and disclosure items.

August 17, 2026 VIA EDGAR

Securities and Exchange Commission
Division of Corporation Finance Office of Trade & Services

100 F Street, N.E. Washington, D.C. 20549

Re: PeakCart Group Corp.

Registration Statement on Form 10-12G

Amendment No. 1 to Registration Statement on Form 10-12G filed June 29, 2026

File No. 000-52753

Request for Withdrawal

Ladies and Gentlemen:

PeakCart Group Corp., a Wyoming corporation formerly known as Hydro Power Technologies, Inc. (the “Company”), hereby respectfully requests withdrawal of the Company’s Registration Statement on Form 10-12G, together with all amendments thereto, including Amendment No. 1 filed on June 29, 2026, File No. 000-52753 (collectively, the “Registration Statement”).

The Company is requesting withdrawal prior to the Registration Statement becoming effective by operation of law. The Company has determined that withdrawal is in the best interests of the Company and its stockholders in order to allow management, counsel, the Company’s independent registered public accounting firm, and the Company’s other advisors to complete and incorporate all outstanding corporate, accounting, capitalization, share-structure, governance, financial-statement, and disclosure updates into a new, clean Form 10-12G registration statement.

The Company currently intends to file a new Form 10-12G registration statement in due course, after completion of the following items:

·finalization of the Company’s current share structure and transfer-agent support; 

·incorporation of the completed FINRA corporate action, including the name change, symbol change, reverse split, forward split, and active PCGC trading symbol; 

·resolution of the Board’s July 27, 2026 authorization relating to a proposed 75,000,000 restricted common-share issuance and related disclosure; 

·completion of the Company’s preferred-stock restructuring disclosure, including Series E, Series B, Series A-1, and Series A treatment; 

·inclusion of updated financial statements and required comparative financial information; 

·completion of management’s responses to the SEC Staff’s accounting comments, including ASC 805, reverse-acquisition, predecessor, Rule 3-05, debenture, revenue recognition, inventory, tax, EPS, and segment matters; 

·review by the Company’s independent registered public accounting firm; 

·completion of updated beneficial-ownership, related-party, recent-sales, and risk-factor disclosure; and 

·filing or incorporation by reference of only the required and material exhibits. 

No securities have been sold pursuant to the Registration Statement. Because the Registration Statement relates to registration of a class of securities under Section 12(g) of the Securities Exchange Act of 1934, and not a Securities Act offering, the Company is not requesting withdrawal of any unsold securities from a registered offering.

The Company acknowledges that it and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action, or absence of action by the Staff.

The Company respectfully requests that the Securities and Exchange Commission accept this withdrawal request and consent to the withdrawal of the Registration Statement, effective as of the date of filing of this request or as promptly as practicable thereafter.

Please direct any questions regarding this request to the Company’s counsel:

Alex R. Stavrou, Esq. Alex R. Stavrou, P.A.

4809 E. Busch Blvd., Suite 204

Tampa, FL 33617

Telephone: 813-251-1289 x1 Email: alex@alexstavrou.com

Respectfully submitted,

PEAKCART GROUP CORP.

 

By: /s/ Fengying Guo Name: Fengying Guo

Title: Chief Executive Officer Date: August 17, 2026