{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-059660","form_type":"8-K","ticker":"EMAT","cik":"0001866226","company_name":"Evolution Metals & Technologies Corp.","filed_at":"2026-05-20T21:25:56+00:00","discovered_at":"2026-05-20T21:28:00.224397+00:00","generated_at":"2026-05-20T21:31:29.275043+00:00","sec_items":["8.01","2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"EMAT reports Q1 2026 net loss of $441.6M, expects Nasdaq non-compliance notice for delayed 10-Q","bullets":["Net loss of $441.6M ($0.72 diluted EPS) driven by $425.2M non-cash fair value change on financial instruments.","Revenue of $1.9M, gross profit $445K; operating loss $16.9M on $17.3M SG&A expenses.","Company will miss Rule 12b-25 extension for Q1 10-Q filing due to overseas equipment purchase accounting complexities.","Expects Nasdaq non-compliance notice but believes grace period will apply; no immediate impact on listing.","Cash $5.4M, total assets $85.5M, stockholders' deficit $24.6M highlighting liquidity constraints."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-059660","json":"https://secwatch.observer/filing/0001213900-26-059660.json","markdown":"https://secwatch.observer/filing/0001213900-26-059660.md","text":"https://secwatch.observer/filing/0001213900-26-059660.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026059660/0001213900-26-059660-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026059660/ea0291753-8k425_evolution.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-20T21:31:29.275043+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c9023c9dc3d8ab6c5c8029b901c4f9bc33ec504a","claim":"Evolution Metals & Technologies Corp. reported the Three Months Ended March 31, 2026 results: revenue $ 1,879, net income $ (441,633 ), EPS $ (0.72 ).","evidence_excerpt":"Revenues $ 1,879 Cost of sales (1,434 ) Gross profit 445 Operating expense: Selling, general and administrative (17,339 ) Operating loss (16,894 ) Other income (expense): Interest (expense) income, net (705 ) Other income (expense), net 1,170 Provision for credit losses — Change in fair value of financial instruments (425,227 ) Gain on foreign currency 15 Loss before income taxes (441,641 ) Income tax expense 8 Net loss $ (441,633 ) Net loss per share attributable to common stockholders Basic and diluted $ (0.72 ) Weighted average shares of common stock Basic and diluted 611,903,892","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1866226/000121390026059660/0001213900-26-059660-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the Three Months Ended March 31, 2026"},{"label":"Revenue","value":"$ 1,879"},{"label":"Net income","value":"$ (441,633 )"},{"label":"EPS","value":"$ (0.72 )"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}