Current Report · Items 1.01, 2.03, 7.01, 9.01 · 8-K
DYNAMIC AEROSPACE SYSTEMS Corp
Entry into a Material Definitive Agreement · Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · Regulation FD Disclosure
Item 1.01 Entry into a Material Definitive Agreement. On October 23, 2026, Dynamic Aerospace Systems Corporation (the "Company") entered into a Master Short-Term Loan Agreement (the "Master Agreement") with Jeffrey Hail, the Company's Chief Operating Officer and a director, under which Mr.…
Filed Oct 29, 2026Accepted Oct 29, 2026, 1:23 PM EDTCIK 1854526Accession 0001437749-26-033892
Company context
Dynamic Aerospace Systems is a Nevada-incorporated business dedicated to developing innovative aerospace technologies, with a focus on advanced drones (UAVs) for military defense and commercial applications. Committed to engineering excellence and strategic partnerships, DAS delivers reliable, high-performance solutions to meet the evolving needs of the aerospace industry. The Company’s common stock is traded on the OTCQB Market under the ticker symbol “BRQL.”
Current securities
Disclosure sections
Items 1.01, 2.03, 7.01, 9.01Select an item to read the extracted section. The as-filed document remains the primary evidence.
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On October 23, 2026, Dynamic Aerospace Systems Corporation (the "Company") entered into a Master Short-Term Loan Agreement (the "Master Agreement") with Jeffrey Hail, the Company's Chief Operating Officer and a director, under which Mr. Hail agreed to make unsecured short-term advances to the Company of up to $40,000 each and $150,000 in total, subject to his right to terminate further funding on five business days' notice. Each advance carries a 5% original issue discount, bears simple interest at 18% per annum on any amount unpaid more than 14 days after funding, and is due no later than the earlier of December 31, 2026 and the Company's uplisting to a national securities exchange. Advances under the Master Agreement are to be repaid before payments under Mr. Hail's other loan agreements with the Company. On October 23, 2026, Mr. Hail funded an initial advance of $27,000.
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Master Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 2.03Item 2.03 - Creation of Direct Financial Obligation
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
The Company furnished a shareholder letter from Kent B. Wilson, Chief Executive Officer, which is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
The information in this Item 7.01, including Exhibit 99.1, is being furnished and 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 expressly set forth by specific reference in such a filing.
Forward-Looking Statements
This shareholder letter contains forward-looking statements within the meaning of applicable federal securities laws, including statements regarding anticipated sales conversions, customer demand, product development, strategic partnerships, patent applications, financing, preferred-share conversions, and a potential national securities exchange listing.
These statements are based on management’s current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially. Such factors include customer purchasing decisions, manufacturing capacity, financing availability, regulatory approvals, discussions about listing on a national exchange, exchange listing requirements, market conditions, and other risks described in the Company’s SEC filings.
Customer inquiries, quotations, and nonbinding letters of intent do not represent confirmed orders, contracted backlog, or recognized revenue. Projected sales conversions, financing arrangements, and listing plans are not guaranteed and remain subject to applicable conditions and approvals.
Forward-looking statements speak only as of the date made. Except as required by law, the Company expressly disclaims any obligation or intention to update any forward-looking statements. Investors should review the Company’s filings with the Securities and Exchange Commission for additional information regarding risks and uncertainties.