Business Overview
Panamera Holdings Corporation is a Nevada-based company seeking new business opportunities in environmental services, metals recycling, domestically sourced critical earth materials, and energy production. On August 1, 2025, the company entered into a license agreement with Rain Cage Carbon, Inc. to secure exclusive rights to innovative carbon conversion and clean energy technologies for use in the U.S. and Mexico. The company operates through three wholly owned subsidiaries created in 2023: Panamera Metals Corporation, Panamera Technologies Corporation, and Panamera Waste Corporation.
Segment Performance
The company operates in a single reporting segment. For the nine months ended April 30, 2026, total revenues were $139.5 thousand (compared to $192.4 thousand in prior year nine months), gross profit was $84.6 thousand (compared to $53.6 thousand), and net loss was $153.9 million (compared to $306.9 thousand). The nine-month loss was significantly impacted by $153.4 million in research and development expenses related to the license technology acquisition in August 2025. For the three months ended April 30, 2026, revenues were $0 (compared to $109.6 thousand), with a net loss of $116.5 thousand (compared to $115.8 thousand).
Key Risk Factors
The company faces substantial doubt about its ability to continue as a going concern, with an accumulated deficit of $177.2 million, working capital deficit of $4.3 million, and net loss of $153.9 million for the nine months ended April 30, 2026. The company is heavily dependent on obtaining additional financing through debt and/or equity arrangements and related party advances to fund operations and capital expenditures. The company has significant related party debt obligations, including a note payable to related parties of $3.9 million as of April 30, 2026, and concentrations of credit risk in cash holdings and related party payables.
