FiEE, Inc. (FIEE): Entry into a Material Definitive Agreement

FiEE, Inc. (FIEE) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 FiEE, Inc. Announces Second Quarter and First Half 2026 Unaudited Financial Results Strong Growth Across Segments Boosted First Half 2026 Revenue to $6.9 million Profit Turnaround Achieved as First Half Net Income Reached $2.5 million Osaka, Japan – August 14, 2026 –

FiEE, Inc. (NASDAQ:FIEE) reported unaudited results for the three and six months ended June 30, 2026. First-half revenue rose to about $6.9 million from $0.05 million in 1H 2025, with gross margin up to 77.3% and net income of about $2.5 million versus a $1.0 million loss. Q2 revenue was about $4.8 million and net income about $2.1 million.

Mercer International plans a recapitalization by end-2026, including a $1.1B debt-for-equity swap and a $400M rights offering, with support from 87% of senior note holders and majority shareholders.

Bitcoin miner IREN plans $15 billion in capital spending for fiscal 2027, with $6 billion still to be raised. The company has secured $9 billion through cash, GPU financing, and prepayments. IREN aims to fund the remaining amount through targeted financing and corporate-level sources, subject to market conditions. The expansion is anchored by a $9.7 billion contract with Microsoft, with the first phase already delivered.

GM is recalling 67,380 electric vehicles, including Cadillac Lyriq, Vistiq, Celestiq, and Chevrolet Blazer EV, due to a software issue in the brake control module. The problem causes braking performance to be compromised under specific low-speed conditions. GM plans to fix the issue with a software update.

Tesla CEO Elon Musk announced the company will reduce Cybertruck production at its Texas factory by mid-2027 to prioritize Cybercab manufacturing. Cybertruck sales have declined, with 11,586 units sold in the U.S. this year, falling short of Musk's earlier projections. The vehicle has faced multiple recalls for safety issues.