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Note: This is a NASDAQ Direct Listing. This is NOT an IPO. A Direct Listing does NOT have an underwriter. RBW Capital Partners is the financial advisor for the NASDAQ Direct Listing of First Breach.
(Incorporated in Delaware)
We are an integrated manufacturer of high-quality ammunition and ammunition components, serving commercial, law enforcement, and military markets. With in-house production capabilities, we are able to maintain tight control over our supply chain and quality assurance from raw material processing to final product assembly. We operate in a state-of-the-art facility that includes an on-site lead smelting operation, allowing us to ensure the consistency, purity, and availability of one of the most critical raw materials in ammunition manufacturing, and brass cup and casing manufacturing from raw materials.
We maintain relationships with multiple raw materials suppliers worldwide, including but not limited to ABCO Metals, Gemciler Guven Metal, and Mittal Metals, to ensure a consistent inflow in the materials needed to manufacture product and avoid potential global supply issues. Our in-house wearable tooling department further enhances production efficiency and quality by designing and fabricating precision tools tailored to our manufacturing processes. Through stringent quality control, high-tech machinery, and deep industry expertise, we have established a strong reputation among shooting sports enthusiasts, tactical professionals, and OEM clients.
We distribute our products primarily through distributor channels, but we also sell smaller quantities of product directly to consumers and small businesses. We take pride in our customer relationships and do not limit ourselves to only a few customers, but we strive to distribute as many of our products as practical to as many customers as possible. In doing so, we have developed a strong customer base with over 140 potential sales channels.
In addition to our core operations, on Sept. 23, 2025, we entered into a strategic joint venture with ideaForge Technology Inc., the world’s #3 ranked dual-category drone manufacturer and a recognized innovator in unmanned aerial systems (“UAS”). The joint venture—First Forge Technologies Inc.—will be a U.S.-based enterprise focused on the localized production and sale of advanced drone platforms for defense, homeland security, and commercial applications.
In furtherance of our drone and defense technology strategy, on May 1, 2026, we entered into a Master Services Agreement with Hellbender, Inc. for the design, engineering, prototyping and demonstration of volume manufacturing capability for two Class 1 attritable first-person-view drone platforms targeted for deployment consistent with U.S. National Defense Authorization Act requirements and the Department of Defense Drone Dominance Program parameters.
Note: Net loss and revenue are for the 12 months that ended March 31, 2026.
Note: First Breach (FBDT) – a NASDAQ Direct Listing – started trading on the NASDAQ at $12.00 and 311 shares were traded, according to NASDAQ.
Note: Volume for its first day of trading totaled 1,162,325 shares.
(Note: First Breach, Inc. filed to offer up to 70.73 million shares from existing shareholders in its NASDAQ Direct Listing. This is NOT an IPO. No new stock is being issued. First Breach has not set a reference price. The estimated price range of $3.00 to $8.00 is based on transactions during the first quarter of 2026 that are mentioned in the prospectus – and the price range is used here only for illustration purposes. If First Breach offers all 70.73 million shares in the filing for the NASDAQ Direct Listing – and if the Direct Offering price were $5.50 – the mid-point of the range of its stock sale prices during the first quarter of 2026 – the NASDAQ Direct Listing would raise $389 million. NOTE: The actual numbers will depend upon the NASDAQ Reference Price and the number of shares offered today by the company.)
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