• Independence Power Holdings posted net loss of $237,285 for quarter ended March 31, 2026, narrowing from $3.01 million a year earlier.
• Revenue was flat at no revenue, while it recognized tax benefit of $62,987.
• Research and development expense fell 86% to $122,521, while general and administrative expense dropped 57% to $833,340 on termination of a $500,000-per-month management agreement effective Sept. 30, 2025.
• Cash and cash equivalents totaled $1.55 million, while note receivable stood at $86.6 million with $43.3 million due within one year.
• First interest payment on GridCore Note was about $1.7 million in March 2026, with $868,567 of interest income recognized during the quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Independence Power Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001477932-26-002992), on May 12, 2026, and is solely responsible for the information contained therein.