Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities · Regulation FD Disclosure
Item 1.01. Entry into a Material Definitive Agreement On September 28, 2026, Flash Sports & Media Holdings, Inc. (the “Company”) entered into a Software Development and Technology Services Agreement (the “Agreement”) with MindWave Innovations Inc. (“MindWave”), a wholly owned subsidiary of Apimeds Pharmaceuticals US, Inc. (NYSE American: APUS).…
Flash Sports & Media Holdings, Inc. is a sports and media company focused on the development and commercialization of cricket media, league-management, sponsorship and related sports-entertainment opportunities. Through its relationships and operating platforms, the Company is focused on professional cricket properties, media and broadcast opportunities, sponsorships, league operations and related commercial initiatives.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01. Entry into
a Material Definitive Agreement
On
September 28, 2026, Flash Sports & Media Holdings, Inc. (the “Company”) entered into a Software Development and Technology
Services Agreement (the “Agreement”) with MindWave Innovations Inc. (“MindWave”), a wholly owned subsidiary of
Apimeds Pharmaceuticals US, Inc. (NYSE American: APUS). Under the Agreement, MindWave will design, develop, deploy and operate FlashChain,
an independently branded blockchain network on a dedicated Layer-2 subnet on MindWave’s MindChain infrastructure, supporting digital
broadcasting-rights administration, video-asset and match-ticket inventory tracking, anti-counterfeiting and fan-data services.
As
consideration for the Services, the Company will issue MindWave shares of the Company’s common stock with an aggregate value of
US$506,000 in one installment upon completion of the 12-month term, valued at the closing trading price on the last trading day of the
applicable calendar quarter. The Company will also provide MindWave 20% of the total FLASH TOKEN issued and outstanding, calculated at
the end of each calendar quarter based on the MindChain issuance ledger. The Company will bear insurance premiums, administration charges
and Network Fees at actual cost. If the Agreement is renewed after the initial term, the annual maintenance contract fee will equal 50%
of the Total Contract Value per year and will be invoiced quarterly in advance.
The
Agreement has an initial term of 12 months. It may be renewed annually only by mutual written agreement delivered at least 60 days before
the applicable renewal date, and neither party is obligated to renew. Either party may terminate for an uncured material breach following
a 30-day cure period or upon the other party’s insolvency; neither party may terminate for convenience. Upon termination, the Company
remains liable for accrued compensation, MindWave will provide up to 60 days of transition assistance, and MindWave will make FlashChain
data and ledger records available to the Company.
The
Agreement includes customary representations and warranties, confidentiality obligations, an indemnification obligation by the Company
in favor of MindWave, and a limitation of liability generally capped at the fees paid or payable in the preceding 12 months, subject to
customary exceptions.
Item 3.02Item 3.02 - Unregistered Sales of Equity
Item 3.02. Unregistered
Sales of Equity Securities
The
information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by
reference into this Item 3.02. The number of shares of the Company’s common stock issuable to MindWave is not currently determinable
because it will depend on the closing trading price on the last trading day of the applicable calendar quarter. The shares are expected
to be issued in reliance on the exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, and/or Rule
506(b) of Regulation D, as a transaction not involving a public offering.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01. Regulation
FD Disclosure
On September 28, 2026,
MindWave issued a press release announcing the Agreement. A copy of the press release is furnished as Exhibit 99.1 to this Current Report
on Form 8-K and is incorporated herein by reference.
The information furnished
pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall
it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall
be expressly set forth by specific reference in such filing.
Filed exhibits (1)
EX-99.1 (by filename) ea030694901ex99-1.htm
Exhibit 99.1
MindWave
Innovations Expands U.S. Commercial Footprint with Second Agreement to Build and Operate FlashChain for New York-Based Flash Sports &
Media
The
12-month agreement covers a dedicated MindChain subnet for authenticating digital match tickets, sports memorabilia and media assets
MATAWAN,
New Jersey, Sept. 29, 2026 - MindWave Innovations Inc. (“MindWave”), a wholly owned subsidiary of Apimeds Pharmaceuticals
US, Inc. (NYSE American: APUS), has signed a 12-month software development and technology services agreement with New York-based Flash
Sports & Media Holdings, Inc. (Ticker: FLZH) (“FLZH”) to build and operate FlashChain, a blockchain for tracking digital
broadcasting rights, video assets and match ticket inventory.
Under
the agreement, MindWave will deploy a dedicated subnet for FlashChain on MindChain’s Layer-2 infrastructure, operate the validator
nodes that run it, and issue FLZH the cryptographic keys and secure connections it needs to access the network. FLZH will own the FlashChain
network, its brand and its Digital Asset and Ticketing Ledger, which will record authenticated digital match tickets, digital sports
memorabilia and related media-asset t…