Market Movers (8-K)
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Innovative Payment Solutions, Inc. has formed a joint venture with Brant Point Solutions, LLC to develop real-time payment solutions for the gaming and casino markets.
OID
Innovative Payment Solutions, Inc. filed Restated Articles of Incorporation to increase authorized shares and clarify its capital structure.
Capital raise
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Innovative Payment Solutions, Inc. and Business Warrior Corporation have mutually agreed to terminate their merger agreement, effective January 22, 2025.
Worse than expected
OID
Innovative Payment Solutions has announced the resignation of its President, CFO, and Secretary, the appointment of a new CEO, and the issuance of convertible promissory notes to executives and an institutional investor.
Worse than expected
Capital raise
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Innovative Payment Solutions, Inc. and Business Warrior Corporation have agreed to merge, creating a combined fintech company focused on payment and lending solutions.
Capital raise
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Innovative Payment Solutions, Inc. has secured $308,000 through convertible notes and signed a non-binding letter of intent to acquire Business Warrior Corporation.
Capital raise
Quarterly Earnings (10-Q)
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Innovative Payment Solutions, Inc. reported no revenue for the quarter ended June 30, 2026, with a significant increase in general and administrative expenses and substantial liabilities, raising concerns about its going concern status.
Capital raise
Worse than expected
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Innovative Payment Solutions reports no revenue for Q1 2026 while navigating significant debt defaults and restructuring.
Capital raise
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Innovative Payment Solutions, Inc. reported a substantial increase in net losses for Q3 2025, driven by derivative liability movements and debt repricing, while continuing to generate no revenue.
Delay expected
Worse than expected
Capital raise
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Innovative Payment Solutions, Inc. reported a $26.1 million net loss for Q2 2025, citing significant derivative liabilities and convertible debt challenges.
Worse than expected
Delay expected
Capital raise
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Innovative Payment Solutions reports a significant increase in net loss for Q1 2025, driven by losses on convertible debt and fair value adjustments, despite a decrease in general and administrative expenses.
Delay expected
Worse than expected
Capital raise
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10-Q: Innovative Payment Solutions Reports Q3 2024 Results Amidst Merger Plans and Financial Challenges
Innovative Payment Solutions reports a net loss of $2.86 million for the nine months ended September 30, 2024, while navigating a proposed merger and ongoing operational challenges.
Worse than expected
Capital raise
Annual Reports (10-K)
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Innovative Payment Solutions, Inc. reported a net loss of $4.4 million for fiscal year 2025, continuing negative cash flows and raising substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
Delay expected
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10-K: Innovative Payment Solutions Reports Significant Losses in 2024, Cites Going Concern Uncertainty
Innovative Payment Solutions' 2024 annual report reveals substantial net losses and raises concerns about the company's ability to continue as a going concern.
Worse than expected
Capital raise
Delay expected
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Innovative Payment Solutions, Inc. has filed an amendment to its annual report to correct a typographical error in the signing date of the independent auditor's report.
Worse than expected
Capital raise
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Innovative Payment Solutions, Inc. reports its 2023 annual results, highlighting a strategic shift from its e-wallet business to a joint venture focused on real-time payment solutions, while also disclosing ongoing financial challenges and a potential merger.
Worse than expected
Delay expected
Capital raise
Insider Trading (Form 4)
OID
Innovative Payment Solutions, Inc. (IPSI) and Business Warrior Corporation (BZWR) have entered into a definitive merger agreement to combine their fintech solutions.
Capital raise