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(the “Company”, “Wright Holdings”, “we” or “us”) was incorporated on March 10, 1998.
−Removed: Company’s common stock is quoted on the OTC Pink Sheets and is traded under the symbol “iWSH”.
+Added: Company’s common stock is quoted on the OTC Markets Group Inc.
+Added: (OTC Pink Sheets) and is traded under the symbol “iWSH”.
+Added: OTC Markets Group is not a national securities exchange.
The Company currently has a substantial portion
−Removed: of its assets consisting of cash and cash equivalents and investments in U.S.
−Removed: Treasury Bills and mutual funds.
+Added: of its assets consisting of short-term investments in money market mutual funds with minimal cash balances.
Description of the Business of the Company
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cash and certain cash equivalents).
−Removed: The Company intends to evaluate and explore all
−Removed: available strategic options.
−Removed: The Company will continue to work to maximize stockholder value.
−Removed: Such strategic options may include acquisition
−Removed: of an investment advisory business, acquisition of a financial services business, creating partnerships or joint ventures for those or
−Removed: other businesses and investing in other businesses that provide attractive opportunities for growth.
+Added: The investment Company Act of 1940 Rule 3a-2 provides a one-year safe harbor from the definition of
+Added: “investment company” under Section 3(a)(1) for issuers that are temporarily engaged in investing, reinvesting, owning, holding,
+Added: or trading in securities while they transition to an operating business.
+Added: The Company is relying on Rule 3a-2 under the Investment Company
+Added: Act of 1940, which provides a one-year safe harbor from being deemed an “investment company” for issuers that have a bona
+Added: fide intent to be engaged primarily in a non-investment business as soon as reasonably possible.
+Added: Going Concern
+Added: The accompanying financial statements have been
+Added: prepared on a basis which assumes that the Company will continue as a going concern and which contemplates the realization of assets and
+Added: satisfaction of liabilities and commitments in the normal course of business.
+Added: The Company has suffered recurring losses from operations
+Added: and negative cash flows from operating activities.
+Added: At December 31, 2025, the Company had working capital of approximately $1,299,000.
+Added: At December 31, 2025, the Company had an accumulated deficit of approximately $31,554,000.
+Added: The Company held cash and cash equivalents
+Added: of approximately $33,000, and investments in mutual funds of $1,267,000, respectively, as of December 31, 2025.
+Added: The Company believes that its cash resources at
+Added: December 31, 2025 may not meet its operating expenditure requirements through the first quarter of 2027.
+Added: These factors raise substantial doubt about the
+Added: Company’s ability to continue as a going concern.
+Added: The Company continues to face significant challenges and uncertainties and intends
+Added: to evaluate and explore all available strategic options.
+Added: The Company will continue to work to maximize stockholder value, including a
+Added: continued evaluation of possible business ventures deemed to provide attractive opportunities for growth.
The directors will also consider
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consistent with the preservation of principal, maintenance of liquidity and avoidance of speculation.
+Added: During the period in which we are
+Added: seeking to complete such a transaction, substantially all of our assets consist of cash, cash equivalents and/or short-term investments.
See “Risk Factors” “The Company
−Removed: may be classified as an inadvertent investment company…” and “The Company is a shell company under the federal securities
+Added: may be classified as an inadvertent investment company if we acquire investment securities in excess of 40% of our total assets.”,
+Added: “The Company’s ability to continue as a going concern”, and “The Company is a shell company under the federal
+Added: securities laws.”
The Company has 2 full-time employees as of December
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.