Ridgetech, Inc. reported a net loss of $1.25 million for fiscal year 2026 ended March 31, compared to net income of $10.20 million in the prior year. Revenue increased 10.2% to $132.16 million, driven by a 1,190.8% surge in online platform sales following the acquisition of Allright on February 28, 2025. Gross profit rose 23.8% to $4.75 million with an improved gross margin of 3.6%. The company completed its strategic transition to a wholesale-focused model by divesting its retail drugstore business. Additionally, the filing discloses that all share and per-share amounts have been retroactively adjusted to reflect a 1-for-150 reverse stock split effective April 7, 2026.

Ridgetech, Inc. entered into a new sales agreement with Pacific Century Securities, LLC on July 28, 2026, to continue its at-the-market (ATM) offering program. This agreement replaces the prior arrangement with AC Sunshine Securities LLC, which was terminated and suspended as of July 11, 2026. The new program allows the company to sell ordinary shares with an aggregate offering price of up to $184,720,213. The sales agent receives a commission of 3.5% of gross proceeds and may be reimbursed for expenses up to $100,000. The company is not obligated to sell any shares under this agreement. Ridgetech, Inc. operates in the technology sector, providing software and digital solutions.

Ridgetech, Inc. authorized 2,000,000 Series A Preferred Shares, each carrying 100 votes per share, and entered into a subscription agreement on July 16, 2026, for the issuance of 100,000 shares to Board Chair Lingtao Kong at $0.001 per share for a total of $100. The issuance aims to promote leadership continuity, strategic direction, and corporate stability while minimizing economic dilution. Ridgetech, Inc. is a technology company providing various services and products in the consumer electronics and consumer goods sectors.

Ridgetech, Inc. terminated its Sales Agreement with AC Sunshine Securities LLC on July 11, 2026, suspending all sales under its $200,000,000 ATM Offering. Since the inception of the agreement, the company had sold 3,487,171 ordinary shares through the ATM program. Ridgetech, Inc. currently has 3,629,540 ordinary shares issued and outstanding. The company operates in the technology sector and provides specialized technology solutions.