Recent Updates — FIEE
On September 4, 2026, David Natan notified the Board of his intention to resign as a director of FiEE, Inc., effective September 30, 2026. Mr. Natan served as Chair of the Audit Committee and was a member of the Compensation and Nominating and Corporate Governance Committees. The resignation is not due to any disagreement with the Company regarding operations or policies. The Nominating and Corporate Governance Committee has initiated a search for a successor, which will be disclosed in a subsequent filing. FiEE, Inc. operates in the financial technology industry, providing energy efficiency solutions.
FiEE, Inc. reported unaudited financial results for the fiscal quarter and half ended June 30, 2026. Revenue surged 15,298% year-over-year to $6.9 million, driven by a strategic shift from legacy hardware to SaaS solutions including MCN digital services, software services, and digital authentication. The company achieved a net income turnaround of $2.5 million compared to a $1.0 million loss in the prior period, with gross margins expanding to 77.3%. Additionally, the Board terminated director agreements for five directors effective August 13, 2026, while they continue serving on the board. The company also adopted new bylaws and entered into indemnification agreements with directors and CEO Li Wai Chung. FiEE, Inc. operates in the technology sector, integrating IoT, connectivity, and AI to provide brand management and digital content solutions.
On June 23, 2026, FiEE, Inc. entered into a sales agreement with A.G.P./Alliance Global Partners for an at-the-market equity offering program. The company intends to sell shares of its common stock for an estimated aggregate price of up to $6,272,809. The sales will be conducted through the company's existing shelf registration statement on Form S-3. Under the agreement, the Sales Agent will receive a 3.25% commission on aggregate gross proceeds from any shares sold. FiEE, Inc. maintains the discretion to suspend offers or terminate the agreement at any time. The company is a provider of technology or industrial services based in Japan.