Recent Updates — HLLK

SDR Drone, Inc. adopted the 2026 Stock Incentive Plan, reserving 12,000,000 shares of common stock for issuance to employees, officers, directors, and consultants under nonqualified stock option agreements. The company also executed a consulting agreement with SJT Capital LLC, issuing 250,000 fully earned shares plus milestone-based awards totaling up to 250,000 additional shares for strategic advisory services. Additionally, the South Carolina Attorney General advised the SEC that past regulatory disqualifications will not bar the company from Regulation A offerings, confirming required payments were made. SDR Drone develops and manufactures unmanned aerial vehicles.

SDR Drone, Inc. has suspended its pending Regulation A offering after identifying two administrative orders entered against the company while it operated under the name Hallmark Venture Group, Inc. The first is a 2014 Desist and Refrain Order from California regarding misrepresentations in a prior securities sale that raised over $800,000. The second is a 2018 Consent Order from South Carolina permanently barring the company from the state's securities industry, which included a $30,000 settlement paid to investors and regulators. These orders trigger disqualification provisions under SEC Rule 262 for Regulation A offerings and Rule 506(d) for private placements. The company intends to seek relief through written advice from South Carolina authorities or an SEC waiver request, but there is no assurance that such relief will be granted or obtained in time for the offering to proceed. SDR Drone, Inc. operates in the drone technology industry.

SDR Drone, Inc. filed a Form 8-K under Item 4.02 announcing that management and auditor Integritat CPA determined previously issued financial statements for fiscal years 2025 and 2024 should no longer be relied upon due to material misstatements. The restatement corrects errors including understated convertible notes, accrued interest, derivative liabilities, revenue recognition issues, and unaccrued expenses. For 2025, the net loss increased by $1,569,224, raising the accumulated deficit to $5,315,165. For 2024, the net loss increased by $826,206, resulting in a restated basic and diluted net loss per share of $(0.56) and an accumulated deficit of $3,922,221. The company disclosed material weaknesses in internal controls regarding accounting personnel segregation and audit committee independence, though an Audit Committee was established in June 2026. SDR Drone, Inc. operates in the drone technology industry.

SDR Drone, Inc. changed its corporate name from Hallmark Venture Group, Inc. to SDR Drone, Inc. and updated its ticker symbol from HLLK to SDCO, effective at the open of business on July 16, 2026. The name change was approved by majority voting power holders via written consent on June 16, 2020, and FINRA approved the approval of Articles of Amendment to its Articles of Incorporation in July 2026. SDR Drone, Inc. operates in the drone technology industry.

Hallmark Venture Group, Inc. entered into an Assignment of Debt Agreement with SB Technology Holdings, Inc. to transfer an impaired promissory note originally issued by Traderverse, Inc. SB Tech agreed to pay the company $1,000 in cash for the debt, which had an outstanding balance of approximately $113,752 as of December 31, 2025.