Exyn Technologies announced that Brandon Torres Declet resigned as CEO and Chairman effective August 19, 2026, following an internal investigation revealing he used company funds for approximately $286,000 in personal expenses. The Board appointed Benjamin Williams as Interim CEO with a base salary increase to $355,000 and Gregory McNeal as Non-Executive Chairman with an additional $35,000 annual retainer. Declet agreed to repay the misused funds in exchange for forbearance from immediate legal action and received no severance or equity acceleration. Exyn Technologies operates in the robotics industry, developing autonomous drone technology.

Exyn Technologies, Inc. entered into a Confidential Side Letter Agreement with Evergreen Capital Management, LLC on May 18, 2026, to prevent a declaration of default under a prior Note and Warrant Purchase Agreement. The company must pay an aggregate installment amount of $1,417,164.99 in three equal monthly payments of $472,388.33 due on June 17, July 17, and August 16, 2026. As consideration for a 30-day extension to file a resale registration statement, Exyn will issue 100,000 additional shares of common stock to Evergreen. Exyn Technologies, Inc. is a technology company.