Exascale Labs Holdings Inc. (XLAB) is reported as having 4,946,413 Class A common shares held directly by ARC Group International Limited, its ten-percent owner, as of October 7, 2026. The same holding is also attributed indirectly to ARC Group Limited and Abraham Cinta, ARC Group’s chief executive officer and a director, who has voting and dispositive power.
The holding includes 1,000,000 shares ARC Group International Limited agreed in June 2026 to sell to Publico Partners Ltd; they remain with the holder pending delivery, and the purchase price has been received. It excludes 40,000 shares underlying private placement warrants held by the SPAC sponsor that have not been transferred.
Exascale Labs Holdings Inc. (XLAB) has a reported beneficial ownership position of 4,946,413 shares of Class A common stock, or 14.7% of the class. The same amount is reported by ARC Group International Limited (AGIL), its parent ARC Group Limited, and Abraham Cinta, ARC Group's chief executive officer and a director. AGIL is the record holder; AGIL and ARC Group report shared voting and dispositive power, while Cinta reports sole voting and dispositive power.
The 14.7% is based on 33,689,050 shares outstanding, as reported by the issuer in its Annual Report on Form 10-K filed September 28, 2026. The beneficial ownership amount includes 1,000,000 shares AGIL agreed in June 2026 to sell to Publico Partners Ltd.; they remain held by AGIL pending delivery. It excludes 40,000 shares underlying private placement warrants exercisable at $11.50 per share, which remain with the SPAC sponsor and have not been transferred to AGIL. The joint filing agreement was signed by Carlos Lopez, a director, and Abraham Cinta, a director.
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. director David Edward Card received an award of 15,000 restricted stock units on October 6, 2026. Each unit represents a contingent right to receive one share of Class A common stock upon vesting and settlement. The units vest in full on the earlier of the first anniversary of the grant date or the scheduled expiration of his director term at an annual meeting where he is not nominated for re-election, subject to his continued service through the applicable vesting date.
Exascale Labs Holdings Inc. (XLAB) director Shachar Kariv received a grant of 15,000 restricted stock units on October 6, 2026, leaving a reported direct RSU position of 15,000. Each unit represents a contingent right to one Class A common share upon vesting and settlement. The units vest in full on the earlier of the grant's first anniversary or the scheduled expiration of Kariv's director term at an annual meeting where he is not nominated for re-election, subject to continued service through the applicable vesting date.
Exascale Labs Holdings Inc. (XLAB) reported that director Jaeyoung Shin was granted 15,000 restricted stock units on October 6, 2026. The reported position after the grant was 15,000 RSUs. Each RSU is a contingent right to receive one share of Class A common stock upon vesting and settlement. The award was made under the 2026 Omnibus Equity Incentive Plan as an Initial Award under the Non-Employee Director Compensation Policy. The RSUs vest in full on the earlier of the first anniversary of the grant date or the scheduled expiration of Shin’s director term at an annual meeting where he is not nominated for re-election, subject to his continued service through the applicable vesting date.
Exascale Labs Holdings Inc. (XLAB) Chief Executive Officer Hoan Soo Lee received an award of 300,000 restricted stock units on October 6, 2026. Each RSU represents a contingent right to receive one share of Class A common stock upon vesting and settlement. The RSUs vest in three equal installments on August 27, 2027, August 27, 2028 and August 27, 2029, subject to continued employment through each date and the employment agreement’s accelerated vesting provisions. His reported position following the award was 300,000 RSUs.
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.