---
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"
generated_at: "2026-05-20T21:31:29.275043+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# EMAT reports Q1 2026 net loss of $441.6M, expects Nasdaq non-compliance notice for delayed 10-Q

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-059660
- JSON: https://secwatch.observer/filing/0001213900-26-059660.json
- Plain text: https://secwatch.observer/filing/0001213900-26-059660.txt

## Key facts
- Earnings Releases
  Evolution Metals & Technologies Corp. reported the Three Months Ended March 31, 2026 results: revenue $ 1,879, net income $ (441,633 ), EPS $ (0.72 ).
  - Period: the Three Months Ended March 31, 2026
  - Revenue: $ 1,879
  - Net income: $ (441,633 )
  - EPS: $ (0.72 )
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1866226/000121390026059660/0001213900-26-059660-index.htm

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