First Breach and Ideaforge terminate joint venture agreement effective Oct. 26, 2026

FBDT•2026-10-28

First Breach and Ideaforge mutually terminated their joint venture agreement effective Oct. 26, 2026. First Breach has no further obligation to make a $10 million capital contribution and intends to continue UAV manufacturing and its program with Hellbender.

1. Joint venture ends

First Breach and Ideaforge mutually terminated their joint venture agreement effective Oct. 26, 2026, and released each other from all claims relating to the agreement. First Breach has no further obligation to make a $10 million capital contribution and intends to continue UAV manufacturing and advance its program with Hellbender.

First Breach and Ideaforge terminate joint venture agreement effective Oct. 26, 2026

1. Joint venture ends

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