Recent Updates — SCTH
SecureTech Innovations closed a strategic transaction with QStak Holding, acquiring an exclusive, worldwide license to QStak’s blockchain, exchange, wallet, and post-quantum technologies, while forming a joint venture, QStak Market, LLC, to commercialize the assets. SecureTech obtained a 15% net ownership interest in QStak for $4.5 million paid in Series A Preferred Stock and secured the license with up to $22 million in newly designated Series B Preferred Stock issued in tranches based on revenue milestones and stock price performance. The company also redeemed existing Series A Preferred shares for common stock and issued additional equity for consulting fees and director nominees. SecureTech Innovations is a diversified technology holding company operating across artificial intelligence-driven manufacturing, blockchain-based digital infrastructure, and vehicle security systems.
On October 16, 2026, SecureTech Innovations entered a Securities Purchase Agreement with Hinterland Partners LLC. The company issued a convertible promissory note with an aggregate principal amount of up to $10 million for a purchase price of up to $9 million. Hinterland funded the first tranche with $350,000, resulting in net proceeds of $293,000 after fees and expenses. The note bears 6% interest, matures on October 16, 2027, and converts at 60% of the lowest traded price over the prior 15 trading days. SecureTech Innovations operates in the technology sector.
SecureTech Innovations elected to retain AI UltraProd as a permanent subsidiary rather than pursuing a previously planned spin-off. Consequently, the company issued 357 additional shares of Series A Preferred Stock to shareholder AIUP Holding Limited in satisfaction of contingent consideration valued at $46,300 per share. The original Acquisition and Incubation Agreements automatically terminated upon issuance, with no breakup fees incurred. SecureTech retains full voting control over the subsidiaries, though the founding shareholder holds the right to designate one board member. This strategic decision consolidates operations under unified leadership to accelerate AI UltraProd's expansion into U.S. markets. The company operates in the technology sector, focusing on artificial intelligence-driven manufacturing, blockchain infrastructure, and vehicle security systems.
SecureTech Innovations dismissed Gary Cheng CPA Limited as its independent auditor on July 31, 2026, and engaged Marcum Asia CPAs LLP to replace them. The dismissal coincides with a restatement of financial statements for fiscal year 2025 and interim periods through March 2026 due to balance sheet classification errors involving redeemable non-controlling interest reclassification from permanent to mezzanine equity and accounts receivable reclassification from current to non-current assets. Management identified these issues internally, concluding that previously issued financial statements should no longer be relied upon. The company is also remediating material weaknesses in internal controls by nominating three independent directors to establish a fully independent Audit Committee ahead of a planned Nasdaq listing. SecureTech Innovations operates as a diversified technology holding company advancing artificial intelligence initiatives, industrial 3D printing and manufacturing technologies, and blockchain-based digital infrastructure.