---
schema_version: "secwatch.filing_event.v1"
accession: "0001062993-26-001958"
form_type: "8-K"
ticker: "FJET"
cik: "0001947016"
company_name: "Starfighters Space, Inc."
filed_at: "2026-04-13T23:59:59+00:00"
generated_at: "2026-05-15T06:37:19.789194+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Starfighters Space sued by former CEO Svetkoff alleging $26M+ damages; company denies, cites unauthorized transfers

## Summary
- Former CEO Rick Svetkoff filed suit in Brevard County, FL claiming breach of fiduciary duty, FDUTPA violations, and seeking >$26M in damages, director removal, and domain transfer.
- Company alleges Svetkoff made ~$1.0M unauthorized offshore transfer and $1.895M in unauthorized withdrawals to himself and his wife's firm.
- Starfighters denies all claims, is preparing counterclaims for conversion and misappropriation, and may refer matters to authorities.
- Suit names current CEO Timothy Franta, board members, and trustee Flagship Bank; company says misconduct occurred pre- and post-Svetkoff's Feb 2026 resignation.

## SEC filing metadata
- accession: 0001062993-26-001958
- form_type: 8-K
- ticker: FJET
- cik: 0001947016
- company_name: Starfighters Space, Inc.
- filed_at: 2026-04-13T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1947016/000106299326001958/0001062993-26-001958-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1947016/000106299326001958/form8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001062993-26-001958
- JSON: https://secwatch.observer/filing/0001062993-26-001958.json
- Plain text: https://secwatch.observer/filing/0001062993-26-001958.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.