WHLT
Chase Packaging Corporation0.0337
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.09MP/E (TTM)
-Basic EPS (TTM)
0.00Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Chase Packaging reported no revenue for Q3 FY2025 ended September 30, 2025, with operating expenses dropping to $19,969 from $22,163 y/y, yielding an operating loss of $19,969 versus $22,163 last year. Interest income fell to $2,400 from $3,964 y/y, trimming the net loss to $17,569 from $18,199. YTD through September 30, 2025, the net loss narrowed to $61,962 from $76,831 y/y, driven by lower audit fees, while cash burn eased to $56,962 from $78,343. Cash stands at $240,748, sufficient for at least 12 months per management, with no debt. Expenses may rise pursuing a merger. Warrants for 6,909,000 shares expire March 7, 2026. No non-GAAP metrics disclosed in the 10-Q. Uncertainty lingers over merger success.
10-Q
Q2 FY2025 results
Chase Packaging reported no revenue for Q2 FY2025 ended June 30, 2025, with operating expenses of $32,456 up 17.8% y/y from $27,553, driven by higher other general and administrative costs like OTC fees and SEC filings, yet narrowing the net loss to $29,886 from $23,361 thanks to interest income of $2,570. For the six months, expenses fell 25.3% y/y to $49,781 from $66,690, trimming the net loss to $44,393 from $58,632, while interest income dropped to $5,388 from $8,058 on lower balances. Cash dwindled to $253,317 from $297,710 at year-end, with operating cash use of $44,393 matching the net loss and no capex for free cash flow. No debt burdens the balance sheet. Warrants for 6,909,000 shares extend to March 2026 at $0.15 exercise price. Management eyes mergers to revive operations. Uncertainty lingers over finding a suitable acquisition target.
8-K
New board appointment announced
Chase Packaging Corporation appointed Arthur J. Gajarsa, 84, to its Board of Directors effective May 23, 2025, bringing deep expertise in legal compliance, mergers and acquisitions, commercial litigation, international trade, and intellectual property. His background includes serving as a U.S. Circuit Judge for the Federal Circuit from 1997 to 2012, Senior Counsel at Wilmer Cutler Pickering Hale and Dorr until 2024, and board roles at Supreme Industries and universities like Rensselaer Polytechnic Institute. No committees assigned yet. This bolsters governance amid potential M&A and trade challenges.
10-Q
Q1 FY2025 results
Chase Packaging reported no revenue for Q1 FY2025 ended March 31, 2025, with operating expenses dropping 55.8% y/y to $17,325 from $39,137, driven by lower audit, accounting, and legal fees. This narrowed the operating loss to $17,325 from $39,137 y/y, while interest income of $2,818 trimmed the net loss to $14,507 from $35,271. Cash burn eased to $13,679 from $36,783 y/y, leaving $284,031 in cash equivalents, sufficient for at least 12 months per management. No debt weighs on the balance sheet. Expenses will likely stabilize as the shell hunts for a merger. Warrants for 6,909,000 shares linger at $0.15 strike, expiring March 2026. Yet merger success remains uncertain.
10-K
FY2024 results
Chase Packaging, a shell company hunting for a merger, posted zero revenue in FY2024 ended December 31, 2024, with operating expenses climbing 45% y/y to $104,887 from $72,259, driven by higher audit and professional fees. Yet net loss shrank to $88,949 from $403,030, thanks to absent warrant modification costs that hammered 2023. Interest income ticked up to $15,938 on better rates. Cash drained $90,461 in operations, leaving $297,710 in equivalents—enough for a year of filings and deal scouting. No capex or buybacks; liquidity holds steady. Expenses will dip but spike on acquisition hunts. Finding no merger partner stalls progress.
IPO
Sector
Industry
AACI
Armada Acquisition Corp. II
10.29-0.01
CBGGF
Chain Bridge I
10.91+0.00
CCIX
Churchill Capital Corp IX
10.57+0.00
CHAC
Crane Harbor Acquisition Corp.
10.86-0.16
CHPG
ChampionsGate Acquisition Corpo
10.13+0.00
FSHP
Flag Ship Acquisition Corp.
10.71+0.00
IWSH
Wright Investors' Service Holdi
0.19+0.01
SPKL
Spark I Acquisition Corp.
11.23+0.08
WELNF
Integrated Wellness Acquisition
12.21+0.00
YHNA
YHN Acquisition I Limited
10.65+0.00