Business Context and Reporting Period
Company: Starfighters Space, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: December 26, 2025
Reporting Period: Event date December 26, 2025; Signed December 31, 2025
Business Context: The registrant is an emerging growth company incorporated in Delaware, operating from Cape Canaveral, Florida. The filing reports a specific corporate action regarding the issuance of unregistered equity securities.
Key Financial Metrics
This filing does not contain standard financial statements (Revenue, Profit, Cash Flow, Margins, Debt, or Liquidity). The only financial data provided relates to a specific warrant exercise transaction:
- Shares Issued: 11,676,166 shares of common stock.
- Warrants Exercised: 11,915,000 common stock purchase warrants.
- Exercise Price: $0.33 per share.
- Shares Withheld/Canceled: 238,834 shares.
- Aggregate Value of Withheld Shares: $3,932,306.28.
- Reference Price: $16.4646 per share (5-day volume weighted average price).
Material Changes
The filing details a material change in the company's capital structure due to the cashless exercise of warrants on December 26, 2025. The company issued 11,676,166 new shares while simultaneously canceling 238,834 shares to cover the exercise price. This transaction was executed under the Section 3(a)(9) exemption of the Securities Act of 1933.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, outlook, or specific risk factors beyond the standard disclosure of the equity issuance. The company identified itself as an emerging growth company but did not elect to use the extended transition period for new accounting standards.
Investor Verification Checklist
- Verify the impact of the 11.68 million new shares on total outstanding share count and potential dilution.
- Confirm the current trading price of the common stock (Symbol: FJET) relative to the $16.4646 reference price used for the cashless calculation.
- Review the company's latest 10-K or 10-Q for actual revenue, cash flow, and debt levels, as this 8-K does not contain them.
- Check for any subsequent filings regarding the remaining unexercised warrants or changes in the warrant agreement.