Londax 10-K: Zero Cash, Going-Concern Doubt, and 5.35M Shares After Alpha Takeover
LDXC has more than doubled off its 52-week low of $0.25 on light trading volume (0.1× avg).
Summary
Londax's FY2026 10-K shows zero cash, a going-concern warning, and material control weaknesses. Post-year-end, Alpha Investment took control and the share count more than doubled to 5.35M.
Key Events · Earnings and Guidance · LDXC
-
Going-Concern Warning
Auditor and management both state substantial doubt about the company's ability to continue as a going concern. Zero cash, $40,622 accumulated deficit, and $44,035 current liabilities at May 31, 2026.
-
Revenue Collapse
FY2026 revenue fell 57.3% to $28,323 from $66,410. Net loss widened to $37,343 from $1,198.
-
Material Weaknesses
CEO concluded disclosure controls and internal controls over financial reporting were not effective as of May 31, 2026, citing lack of segregation of duties and undocumented financial reporting processes.
-
Post-Year-End Dilution
Alpha Investment received 2,768,865 restricted shares and 350,000 shares went to consultants. Outstanding shares rose from 2,231,135 at May 31, 2026 to 5,350,000 by September 1, 2026.
Analysis · LDXC · Technology
The audited annual report confirms the company is in severe financial distress: zero cash, a $37,343 net loss, and an accumulated deficit of $40,622. The auditor's going-concern paragraph and management's own disclosure raise substantial doubt about the company's ability to continue. Against that backdrop, the post-year-end change in control by Alpha Investment Inc. and the issuance of 3.1M+ new shares (restricted to Alpha and to consultants) materially altered the capital structure — outstanding shares jumped from 2.23M at fiscal year-end to 5.35M by September 1, 2026. The company also disclosed material weaknesses in internal controls and a pending name change to Alpha Digital Voltz Inc. This is a high-risk micro-cap with a new controlling shareholder, no cash, and a strategic pivot to AI/data-center infrastructure that remains entirely unfunded.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 36% of the 1040 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LDXC was trading at $1.50 on OTC in the Technology sector. The 52-week trading range was $0.25 to $3.64. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.