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POAS files Form 20-F; FY26 revenue down, cash and equity improve
Phaos Technology (POAS) filed its Form 20-F for the fiscal year ended April 30, 2026, reporting revenue of S$132,077 versus S$167,707 in FY25 and saying delayed customer orders and non-recurring IPO/business-development costs weighed on FY26. Cash rose to S$762,234 from S$129,552, shareholders' equity turned to S$5.30M from a S$1.96M deficit, service revenue increased 59.3% to S$10,845, and the company expects revenue momentum in the six months ended October 2026 as delayed orders are captured.
Phaos (POAS) secures up to $10M equity facility with High West Partners
Phaos Technology (NYSE: POAS) entered a securities purchase agreement with High West Partners giving the company the right to sell up to $10.0 million of Class A ordinary shares over a 36-month period at prevailing market prices. The facility provides flexible, on-demand access to capital but proceeds depend on market prices and the company will issue commitment-fee shares at the first draw, creating immediate dilution.
POAS: Two former related parties ceased relationships effective Feb 23, 2026
Phaos (POAS) announced that SG AB Venture Pte. Ltd. and TongHuai SG2 Enterprise Pte. Ltd. are no longer related parties of the company as of February 23, 2026, with no ongoing directorships, management roles, equity or other relationships. The company says the change is not expected to have a material effect on its business or financial condition and will furnish appropriate disclosures to the SEC on Form 6-K.
Phaos files F-1/A to sell Class A shares with detachable 5‐yr warrants; offering not yet effective
Phaos Technology Holdings (Cayman) Limited filed SEC Form F-1/A. Phaos intends a primary offering of Class A ordinary shares together with detachable warrants (combined assumed price $0.2167), which will dilute existing holders at the offering closing and create additional overhang from exercisable warrants and underwriter’s warrants. The registration is preliminary and not effective, so no shares or warrants may be sold until the registration statement is declared effective and the offering closes; warrant exercise price, exact share counts and closing date are left as placeholders and an underwriter 45‐day overallotment may increase supply.
Phaos (POAS) postpones EGM to Aug 31; prior proxies voided
Phaos Technology (NYSE: POAS) postponed its Extraordinary General Meeting originally set for Aug 18 to Aug 31, 2026 and will conduct the rescheduled meeting virtually; the record date remains July 8, 2026. The board said the delay is to refine proposal wording, updated meeting materials and a new form of proxy will be sent and votes previously cast on the original proxy will not be counted.
POAS notifies NYSE of unusual trading; says no undisclosed material developments
Phaos Technology (POAS) reported unusual trading in its Class A shares on the NYSE from May 29–June 1 and issued an updated response under NYSE Company Guide Section 401(d). The company says its inquiries found no material development not previously disclosed but it could not determine the cause of the activity or whether corrective actions are appropriate, leaving a risk of continued volatility.