10-K
Annual report
✓ VerifiedStarfighters Space's first annual report as a public company shows the December IPO raising $22,061,857 gross, a $5,000,000 aircraft deposit paid, and losses widening $8,634,839 on scale-up spending.
Filed Apr 15, 2026 · 16:16 ET
Summary
- Shares began trading on NYSE American under FJET on December 18, 2025 after an IPO raising gross proceeds of $22,061,857.
- Convertible debentures converted into 3,834,857 shares at $2.154, a 40% discount to the IPO price.
- Starfighters International paid the $5,000,000 initial deposit for additional F-104 aircraft in two installments during early 2025.
- Net loss widened by $8,634,839, driven by consulting fees of $4,263,195, business development of $1,841,982, and advertising of $1,436,875, each carrying substantial stock-based compensation.
- The company completed STARLAUNCH 1 wind tunnel testing in January 2026.
Key facts
- IPO proceeds
- $22,061,857 gross
From the filing for IPO proceeds
“for gross proceeds of $22,061,857”
- Aircraft deposit
- $5,000,000
From the filing for Aircraft deposit
“totaling $5,000,000, on January 24, 2025, and March 3, 2025”
Why it mattersThe annual report shows a pre-revenue launch company converting IPO cash into aircraft and a test program while costs run well ahead.
- Filed
- Apr 15, 2026
- Accepted
- 2026-04-15 20:16Z
- Period
- Dec 31, 2025
- Accession no.
- 0001062993-26-002001
- Size
- 9.4 MB
- Index
- Filing index
Documents
Read the original on EDGAR ↗- Exhibit 4.16 KB
- Exhibit 19.122 KB
- Exhibit 21.15 KB
- Exhibit 23.12 KB
- Exhibit 31.16 KB
- Exhibit 31.26 KB
- Exhibit 32.13 KB
- Exhibit 97.147 KB
- R1.htm72 KB
- R10.htm19 KB
- R11.htm7 KB
- R12.htm120 KB
- R13.htm36 KB
- R14.htm85 KB
- R15.htm23 KB
- R16.htm83 KB
- R17.htm15 KB
- R18.htm10 KB
- R19.htm9 KB
- R2.htm114 KB
- R20.htm17 KB
- R21.htm14 KB
- R22.htm15 KB
- R23.htm4 KB