Here are the 8-K filings from Exascale Labs Holdings Inc. (XLAB) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
An 8-K covers material events a company has to report between its quarterly reports, so if you follow XLAB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full XLAB filings page.
Exascale Labs Holdings Inc. (XLAB) entered into an agreement on October 9, 2026, to sell and provide Sunon Inc. with 12 NVIDIA HGX B300 GPU servers containing 96 GPUs, network equipment, management servers, deployment services and 36 months of IT operation services. The total contract value is US$8,208,000, exclusive of import duties and taxes.
Sunon is to pay 30% within three days after issuing its purchase order, which is due within five business days after the agreement's effective date; the remaining 70% is due within five business days after Exascale gives written notice that the equipment is ready for shipment. Delivery is subject to receipt of the down payment, chip manufacturer approval, and all export and import authorizations. The equipment is to be delivered to a U.S. data center designated by Sunon.
Exascale Labs Holdings Inc. (XLAB) appointed Jake Carney as chief financial officer effective September 25, 2026, and Gildas Bonnier’s service as interim chief financial officer ended that day after the company completed its search for a permanent CFO. Bonnier’s departure was not the result of a disagreement with the company regarding its operations, policies or practices.
Carney, 38, has 15 years of experience across banking, investment advisory and fintech. His prior roles include chief financial officer of ARC Group Securities Acquisition I and Deal Flow Capital. Under an employment agreement effective September 25, 2026, he will receive a base salary of $6,000 per month and be eligible for employee benefit plans and programs generally available to similarly situated employees, subject to those plans’ terms.
Exascale Labs Holdings Inc. reported fiscal 2026 revenue of $14,822,799, up 111% from $7,015,512 in fiscal 2025. Its unaudited consolidated statements show a net loss of $12,162,391, compared with $7,659,667 a year earlier. Intelligent computing power service increased 124%, and the customer renewal rate was around 68%.
Management reported a qualified customer pipeline of approximately $300 million and described an MOU with EnergyBank for offshore wind-powered compute and a letter of intent with Compal for an 800 VDC platform. The company said the MOU and LOI are non-binding and that it is focused on converting opportunities into signed contracts.
The June 30, 2026 balance sheet reflects Exascale as a standalone private company and excludes the effects of the business combination that closed August 27, 2026. It listed total assets of $6,726,725, including $2,693,586 in cash and cash equivalents and $2,160,746 in U.S. Dollar Coin, against total liabilities of $31,885,500.
Exascale Labs Holdings Inc. (XLAB) completed its business combination on August 27, 2026, with Exascale Labs Inc. surviving as its wholly owned subsidiary. Its Class A common stock and warrants began trading on Nasdaq under XLAB and XLABW on August 28, 2026.
For the year ended June 30, 2026, Exascale Labs Inc. reported revenue of $14,822,799, versus $7,015,512 in 2025, and a net loss of $12,162,391, versus $7,659,667. Operating cash used was $2,754,624, compared with $1,010,799. At closing, outstanding SAFEs converted into Class A shares, and Exascale Labs Inc. accessed approximately $11.8 million in retained business-combination proceeds. Management’s forecast supported its conclusion that substantial doubt about going concern had been alleviated and that liquidity would cover at least 12 months after the statements were issued.
After closing, 64,334,789 shares were outstanding: 33,689,050 Class A and 30,645,739 Class B. Class B shares carry 20 votes each, versus one vote per Class A share. Hoansoo Lee became CEO, and Jake Carney became CFO effective September 25, 2026.
Exascale Labs Holdings Inc. (XLAB) appointed Gildas Bonnier as Interim Chief Financial Officer and principal financial officer, effective September 4, 2026, while it conducts a formal search for a permanent CFO. He will report to the CEO and be subject to oversight by the Board’s Audit Committee.
The company entered into a consulting agreement under which Mr. Bonnier will receive a $10,000 monthly fee, payable in arrears, as his sole compensation, with no bonus, equity, severance, or employee benefits. The agreement continues until a permanent CFO starts or is earlier terminated, including by either party on 10 days’ written notice.
Mr. Bonnier, 51, has more than 20 years of experience in capital-intensive industrial infrastructure businesses, including senior roles at Air Liquide overseeing a $900 million business unit and partnerships involving approximately $325 million of contemplated capital investment, as well as leadership roles at Nikola Motors and co-founding Grove Hydrogen Solutions.
Exascale Labs Holdings Inc. (XLAB) reports completion of its business combination with SPAC D. Boral ARC Acquisition I Corp., redomiciling to Delaware and adopting the name Exascale Labs Holdings Inc. Exascale, a next-generation AI infrastructure provider focused on GPU-as-a-Service and related data-center solutions, becomes the operating business.
On August 27, 2026, Exascale issued or reserved an aggregate 33,689,050 Class A and 30,645,739 Class B Super Common shares as part of the transaction, including 50,000,000 shares as merger consideration valued at $500,000,000 ($10.00 per share). Holders of 26,865,211 BCAR Class A shares redeemed for cash. As of closing, there were 64,334,789 common shares outstanding and 14,099,992 warrants exercisable at $11.50 per share.
The dual-class structure gives Class B 20 votes per share; former Exascale holders own all Class B and the five-person board, with Hoansoo Lee as CEO and interim CFO. An equity incentive plan initially reserves 10,000,000 Class A shares with a 5% annual evergreen. Pro forma combined net losses were $4.15 million for the year ended June 30, 2025 and $3.47 million for the nine months ended March 31, 2026.