What changed in this filing

/stocks — the workspaceLOADING

Item 1. Business

2026-09-28 compared with 2025-08-22 · 313 added, 430 removed, 45 unchanged (94% of the section changed)

We specialize in the development and production

of cleaning products that produce pure aqueous ozone for professional, industrial, or home use.

We have a patented nanobubble technology

using aqueous ozone that we believe is highly effective in cleaning, sanitizing, and deodorizing surfaces and high-touch areas.

Our mission is to become a leader in creating

safe, clean spaces that are free from any chemical residue or skin irritants.

We are currently expanding our distributor network, improving

our production processes, and proving the effectiveness of our products in restaurants, airports, and hotels.

As noted by the U.S.

Environmental Protection

Agency, or the EPA (“Wastewater Technology Fact Sheet:

Ozone Disinfection,” September 1999), ozone has been used in water

treatment facilities to remove pathogens from water for decades.

However, ozone was not safe for traditional cleaning because the gas

alone can be harmful when inhaled.

In recent years, ozone has been found to become a powerful cleaning solution if infused into tap water,

which then creates a solution called aqueous ozone.

Once the ozone is added into the water, the resulting solution is safe to handle,

yet continues to hold the effective cleaning and oxidizing components of ozone.

Our product offerings utilize a patented technology

that we believe produces an enhanced aqueous ozone solution that requires no additives, filters, or advanced chemicals.

We believe that

we are the only company that has an aqueous ozone solution that is produced in the form of nanobubbles.

In a critical review from Environmental

Science Nano (“Disinfection applications of ozone micro- and nanobubbles,” November 2, 2021) authors Petroula Seridou and

Nicolas Kalogerakis explain that since its discovery in the 1990’s, nanobubbles have been used to remove pollutants in many industries,

including biopharma and food processing.

Nanobubbles are nanometer-sized (one billionth of a meter) gaseous cavities in a liquid solution.

The common micro sized bubbles have larger diameters which causes them to rise quickly to the surface of an aqueous solution as compared

to the smaller bubbles.

Since nanobubbles have no natural buoyancy, they

remain underwater, where each tiny, negatively charged bubble is attracted to positively charged pollutants and harmful toxins.

article, Seridou and Kalogerakis write about how this union causes the nanobubbles to release ozone which extinguishes pathogens and slowly

breaks down the cell walls of mold, germs, and other residues.

Further, a smaller size of nanobubbles is also more effective as they have

a higher density of ozone and are able to provide a more thorough surface coverage, which destroys a higher number of contaminants.

Our pure aqueous ozone product is a natural cleaner,

sanitizer, and deodorizer produced through the infusion of ozone into water using electricity.

The use of this ozone solution has been

proven effective in eliminating germs, viruses, bacteria, allergens, and molds;

and it performs better than bleach according to a research

report published by PLoS One (“The microbial killing capacity of aqueous and gaseous ozone on different surfaces contaminated with

dairy cattle manure,” May 14, 2018).

Aqueous ozone technology has been tested and previously destroyed pathogens including E.

Staphylococcus, Listeria, and Salmonella as described in Catalyst journal (“Ozone and Photocatalytic Processes for Pathogens Removal

Frontier Inc., formerly CleanCore Solutions, Inc.

(the “Company”, “we”, or “Zone”) is helping to build

the critical infrastructure that powers the AI economy.

We aim to meet the increasing demand for compute capacity, power, and digital

infrastructure required by the world’s leading AI companies.

specialize in providing powered land and state-of-the-art data center facilities, in conjunction with our development partners, with a

goal to support over one gigawatt of computer power by 2030.

With campuses being planned and developed across rural and industrial Texas

and Minnesota, Zone intends to continue to steadily expand its project portfolio across the United States while diversifying its customer,

development partner and supplier base over time.

On June 8, 2026, the Company announced a new focus on building critical AI infrastructure

across the United States, led by its new CEO Tyler Hassen, and plans to move away from its cleaning products business and Dogecoin treasury

the twelve months ended June 30, 2026, the Company operated three Segments:

CleanCore, which specializes in the development

and production of cleaning products that produce pure aqueous ozone using patented nanobubble technology that is highly effective in cleaning,

sanitizing, and deodorizing surfaces and high-touch areas

Treasury, established on September 5, 2025 when

the Company adopted a Digital Asset Trading strategy focused on Dogecoin as part of a $175 million private placement offering.

Critical AI Infrastructure, announced on June 8,

2026, focused on building data centers to meet the increasing compute needs of AI companies

CleanCore segment specializes in the development and production of cleaning products that produce pure aqueous ozone for professional,

industrial, or home use.

We have patented nanobubble technology using aqueous ozone that we believe is highly effective in cleaning, sanitizing,

and deodorizing surfaces and high-touch areas.

Our mission is to become a leader in creating safe, clean spaces that are free from any

chemical residue or skin irritants.

We are currently expanding our distributor network, improving our production processes, and proving

the effectiveness of our products in restaurants, airports, and hotels.

noted by the U.S.

Environmental Protection Agency, or the EPA (“Wastewater Technology Fact Sheet:

Ozone Disinfection,” September

1999), ozone has been used in water treatment facilities to remove pathogens from water for decades.

However, ozone was not safe for traditional

cleaning because the gas alone can be harmful when inhaled.

In recent years, ozone has been found to become a powerful cleaning solution

if infused into tap water, which then creates a solution called aqueous ozone.

Once the ozone is added into the water, the resulting solution

is safe to handle, yet continues to hold the effective cleaning and oxidizing components of ozone.

product offerings utilize patented technology that we believe produces an enhanced aqueous ozone solution that requires no additives,

filters, or advanced chemicals.

We believe that we are the only company that has an aqueous ozone solution that is produced in the form

of nanobubbles.

In a critical review from Environmental Science Nano (“Disinfection applications of ozone micro- and nanobubbles,”

November 2, 2021) authors Petroula Seridou and Nicolas Kalogerakis explain that since its discovery in the 1990’s, nanobubbles have

been used to remove pollutants in many industries, including biopharma and food processing.

Nanobubbles are nanometer-sized (one billionth

of a meter) gaseous cavities in a liquid solution.

The common micro sized bubbles have larger diameters which causes them to rise quickly

to the surface of an aqueous solution as compared to the smaller bubbles.

nanobubbles have no natural buoyancy, they remain underwater, where each tiny, negatively charged bubble is attracted to positively charged

pollutants and harmful toxins.

In the article, Seridou and Kalogerakis write about how this union causes the nanobubbles to release ozone

which extinguishes pathogens and slowly breaks down the cell walls of mold, germs, and other residues.

Further, a smaller size of nanobubbles

is also more effective as they have a higher density of ozone and are able to provide a more thorough surface coverage, which destroys

a higher number of contaminants.

pure aqueous ozone product is a natural cleaner, sanitizer, and deodorizer produced through the infusion of ozone into water using electricity.

The use of this ozone solution has been proven effective in eliminating germs, viruses, bacteria, allergens, and molds;

and it performs

better than bleach according to a research report published by PLoS One (“The microbial killing capacity of aqueous and gaseous

ozone on different surfaces contaminated with dairy cattle manure,” May 14, 2018).

Aqueous ozone technology has been tested and

previously destroyed pathogens including E.

Coli, Staphylococcus, Listeria, and Salmonella as described in Catalyst journal (“Ozone

and Photocatalytic Processes for Pathogens Removal from Water:

A Review,” January 5, 2019).

The solution cleans hard surfaces, floors, carpets, upholstery, and food contact surfaces.

In addition, in an independent case study at Cape

Coral Hospital in Florida, the aqueous ozone solution worked to significantly deodorize smells.

The same internal case study notes that

the aqueous ozone does not mask smells, but instead destroys the bacterium causing the smell.

Our aqueous ozone solution is referred to as “pure”

because of its ability to keep high concentration of ozone in the solution without needing to use a stabilizer or additive.

on the product, the pure aqueous ozone solution contains between 0.5 to 1.5 parts per million, or ppm, of ozone for professional cleaning

and up to 20 ppm of ozone for industrial cleaning.

At these levels, we believe the concentration of ozone within the solution is strong

enough to effectively clean and deodorize better than bleach.

Corporate History and Structure

We were incorporated in the State of Nevada on

August 23, 2022 under the name CC Acquisition Corp.

for the sole purpose of acquiring substantially all of the assets of CleanCore Solutions,

LLC, a Delaware limited liability company, or CleanCore LLC, TetraClean Systems, LLC, a Delaware limited liability company, or TetraClean,

and Food Safety Technology L.L.C., a Delaware limited liability company, or Food Safety.

On November 21, 2022, we changed our name from

CC Acquisition Corp.

The solution cleans hard surfaces, floors,

carpets, upholstery, and food contact surfaces.

addition, in an independent case study at Cape Coral Hospital in Florida, the aqueous ozone solution worked to significantly deodorize

The same internal case study notes that the aqueous ozone does not mask smells, but instead destroys the bacterium causing the

aqueous ozone solution is referred to as “pure” because of its ability to keep high concentration of ozone in the solution

without needing to use a stabilizer or additive.

Depending on the product, the pure aqueous ozone solution contains between 0.5 to 1.5

parts per million, or ppm, of ozone for professional cleaning and up to 20 ppm of ozone for industrial cleaning.

At these levels, we believe

the concentration of ozone within the solution is strong enough to effectively clean and deodorize better than bleach.

Treasury segment started on September 5, 2025, when the Company adopted a digital asset treasury strategy focused on Dogecoin.

to an asset management agreement that the Company entered into with Dogecoin Ventures, Inc.

(the “Asset Manager”) and 21Shares

US LLC (“21Shares”), on September 5, 2025 (the “Asset Management Agreement”), the Company established a multiyear

advisory and asset-management program with the Asset Manager (which is a wholly-owned subsidiary of House of Doge Inc., the commercial

arm of the Dogecoin Foundation) and 21Shares to manage the Company’s treasury assets, which include available cash or digital assets

placed in the Company’s account to be utilized for such purpose (the “Treasury Account”), as well as all investments

thereof, proceeds of, income on and additions or accretions to the same, including all assets which are or were in the Treasury Account,

but which are deployed in decentralized finance or similar blockchain transactions from time to time in accordance with the investment

strategy described in the Asset Management Agreement (the “Treasury Assets”).

June 8, 2026, the Company announced plans to sell or dispose substantially all assets of the cleaning products business, including the

wholly owned Irish subsidiary, CleanCore Global Limited.

The Company is in the process of selling this business unit but is not under

binding contract with any party as of September 28, 2026.

The segment did not meet the criteria as Held for Sale as of June 30, 2026 and

is included in this Report.

July 9, 2026, the Company announced its first data center project.

Located in West Texas, and with development platform provider HST Technologies,

Inc., the company’s plan projects the initial phase to supply 200-megawatts of critical IT utility load to tenants by early 2029,

with initial revenue expected in the first half of the calendar year 2028 as part of a phased approach.

The project has the potential

to expand to more than 500-megawatts by 2030.

July 20, 2026, substantially all Dogecoin assets were sold.

The proceeds will be used to fund the Company’s AI strategy.

July 29, 2026, the Company announced its second data center project, a 40-megawatt critical IT load campus located in Minnesota with a

fully executed tenancy agreement with Cerebras Systems, a leading AI compute company.

The site is currently under construction, and the

Company expects to bring approximately at least 55-megawatts of utility power capacity and 40-megawatts of critical IT load fully online

by the end of the second calendar quarter of 2027.

Revenue is expected to steadily increase in the first half of 2027.

The initial contract

value is over $800 million dollars for a ten-year commitment with potential to reach over $3 billion dollars in aggregate revenue if two

ten-year extension options are exercised by Cerebras.

August 31, 2026, the Company changed its name from CleanCore Solutions Inc.

to Zone Frontier Inc.

History and Structure

were incorporated in the State of Nevada on August 23, 2022 under the name CC Acquisition Corp.

for the sole purpose of acquiring substantially

all of the assets of CleanCore Solutions, LLC, a Delaware limited liability company, or CleanCore LLC, TetraClean Systems, LLC, a Delaware

limited liability company, or TetraClean, and Food Safety Technology L.L.C., a Delaware limited liability company, or Food Safety.

November 21, 2022, we changed our name from CC Acquisition Corp.

to CleanCore Solutions, Inc.

On October 17, 2022, we entered into an asset

purchase agreement with CleanCore LLC, TetraClean, Food Safety and Burlington Capital, LLC, or Burlington, the majority owner of these

entities, pursuant to which we acquired substantially all of the assets of CleanCore LLC, TetraClean and Food Safety for a total purchase

price of $5,000,000, consisting of $2,000,000 in cash and the issuance of a promissory note in the principal amount of $3,000,000.

October 17, 2022, we entered into an asset purchase agreement with CleanCore LLC, TetraClean, Food Safety and Burlington Capital, LLC,

or Burlington, the majority owner of these entities, pursuant to which we acquired substantially all of the assets of CleanCore LLC, TetraClean

and Food Safety for a total purchase price of $5,000,000, consisting of $2,000,000 in cash and the issuance of a promissory note in the

principal amount of $3,000,000.

The predecessor of CleanCore LLC was CleanCore

8 unchanged sentences

control by Burlington prior to the acquisition by CC Acquisition Corp.

All discussions

in this report regarding our business prior to the acquisition reflect the combined business of CleanCore LLC, TetraClean, and

Food Safety , our predecessor companies.

Prior to the acquisition, we had no operations

other than operations relating to our incorporation and organization.

All discussions in this report regarding our business prior to

the acquisition reflect the combined business of CleanCore LLC, TetraClean, and Food Safety, our predecessor companies.

Prior to the acquisition,

we had no operations other than operations relating to our incorporation and organization.

On January 29, 2025, we established CleanCore

Global as a wholly owned subsidiary in Ireland in anticipation of the acquisition described below.

On February 21, 2025, CleanCore Global entered

into an asset purchase agreement, which was amended on April 15, 2025, with Sanzonate Europe Ltd., an Irish incorporated company, or Sanzonate,

and Sanzonate Global Inc., the majority stockholder of Sanzonate, pursuant to which on April 15, 2025 CleanCore Global acquired substantially

all of the assets of Sanzonate used in the manufacturer and distribution of aqueous ozone products for an aggregate purchase price of

$2,475,000, consisting of:

Global as a wholly owned subsidiary in Ireland.

February 21, 2025, CleanCore Global entered into an asset purchase agreement, which was amended on April 15, 2025, with Sanzonate Europe

Ltd., an Irish incorporated company, or Sanzonate, and Sanzonate Global Inc., the majority stockholder of Sanzonate, pursuant to which

on April 15, 2025 CleanCore Global acquired substantially all of the assets of Sanzonate used in the manufacturer and distribution of

aqueous ozone products for an aggregate purchase price of $2,475,000, consisting of:

(i) $425,000 in cash;

(ii) the issuance of a promissory note in the principal amount of $800,000;

up to $1,250,000 in Earn-Out Payments (as defined below).

As additional consideration, we issued to Sanzonate Global Inc.

warrant to purchase 425,000 shares of our class B common stock at an exercise price of $1.25 per share.

Sanzonate is also entitled to receive the following

payments (which we refer to as the Earn-Out Payments) to the extent that Net Sales (as defined in the asset purchase agreement) achieve

the following milestones during the five-year period beginning on the closing date and ending on the fifth anniversary of the closing

(ii) the issuance of a promissory

note in the principal amount of $800,000;

and (iii) up to $1,250,000 in Earn-Out Payments (as defined below).

As additional consideration,

we issued to Sanzonate Global Inc.

a five-year warrant to purchase 425,000 shares of our common stock at an exercise price of $1.25 per

is also entitled to receive the following payments (which we refer to as the Earn-Out Payments) to the extent that Net Sales (as defined

in the asset purchase agreement) achieve the following milestones during the five-year period beginning on the closing date and ending

on the fifth anniversary of the closing date.

If Net Sales are at least (i) €2,000,000, CleanCore Global shall pay $200,000 to Sanzonate;

(ii) €4,000,000, CleanCore

Global shall pay an additional $200,000 to Sanzonate;

(iii) €6,000,000, CleanCore Global shall pay an additional $200,000 to Sanzonate;

(ii) €4,000,000, CleanCore Global shall pay an additional $200,000 to Sanzonate;

(iii) €6,000,000, CleanCore Global shall

pay an additional $200,000 to Sanzonate;

(iv) €8,000,000, CleanCore Global shall pay an additional $200,000 to Sanzonate;

(v) €10,000,000, CleanCore Global shall pay

an additional $200,000 to Sanzonate;

and (vi) €12,000,000, CleanCore Global shall pay an additional $250,000 to Sanzonate.

(v) €10,000,000,

CleanCore Global shall pay an additional $200,000 to Sanzonate;

and (vi) €12,000,000, CleanCore Global shall pay an additional $250,000

to Sanzonate.

As of the date of this report, CleanCore Global

is our only subsidiary.

We offer products and solutions that are marketed

for janitorial and sanitation, ice machine cleaning, laundry, and industrial industries.

Our products are used in many types of environments

including retail establishments, distribution centers, factories, warehouses, restaurants, schools and universities, airports, healthcare,

food service, and commercial buildings such as offices, malls, and stores.

Janitorial and Sanitation

Within the janitorial and sanitation sector, we

currently manufacture the following products:

● Fill Stations :

Wall-mounted units that produce on demand aqueous ozone and can fill up spray

bottles or buckets for general cleaning, including our 1.0 Fill Station, which can produce one gallon per minute of aqueous ozone for

users with smaller cleaning needs, and our 3.0 Fill Station, which can produce three gallons per minute and is designed for commercial

and industrial cleaning requirements.

● POWER CADDY :

A 12-gallon tank that generates aqueous ozone within it, so users are able

to generate on-site, on-demand aqueous ozone as they clean.

These units come equipped with a spray gun and vacuum hose to properly clean

all locations.

The POWER CADDY includes a high-pressure spray gun with a pressure per inch boost over 100 for more intense cleaning.

● POWER MINI CADDY .

A six-gallon tank that generates aqueous ozone within it, so users are

able to generate on-site, on-demand aqueous ozone as they clean.

This product comes equipped with a spray gun and vacuum hose to properly

clean all locations.

The MINI CADDY is a smaller version of the POWER CADDY that is popular in smaller areas such as restaurants.

The Ice Treatment System establishes a proactive

ice machine cleaning program.

Cleaning ice machines is a labor intensive and slow process that needs to happen often to stop the buildup

of bacteria and mold in the ice machine, the buildup of which could contaminate the ice supply.

Ice machines, like other water systems

used within indoor environments, create ideal conditions for fostering the growth of bacteria and mold.

Pure aqueous ozone is highly effective

in cleaning the inside of ice machines.

Our Ice System destroys bacteria by sending 0.50 ppm of aqueous ozone through the ice machine

each time it makes more ice.

Aqueous ozone proactively prevents the growth of Listeria, Salmonella, E.

Coli, Norwalk Virus, and Shigella

in the ice and keeps the ice pure while preventing respiratory and gastrointestinal illnesses.

Commercial and Residential Laundry

We believe that the laundry unit effectively oxidizes

and deodorizes to extend the life of your laundry.

When the laundry ozone unit is connected to a washing machine, the aqueous ozone is

used to clean towels and linens.

As a result, by avoiding harsh chemicals, the aqueous ozone may expand the life of the linens, reduce

dry time, and eliminate skin irritation.

The flow rate of the commercial product is five GPM on each line.

Industrial Cleaning Products

We also plan to make aqueous ozone available for

industrial applications, primarily for the purpose of keeping industrial plants and production lines clean.

We believe this industrial

product is safe to be used on food-contact surfaces and has been used in meat packing plants to eliminate the need to stop the packaging

line for cleaning.

Additional applications for this product may include pet food packaging and manufacturing, canning operations, breweries,

wineries, distilleries, and consumer health manufacturers.

customized cleaning systems to meet the required needs of our clients.

volume output ranges from 10-250 GPM of our patented solution.

The concentration levels of our aqueous ozone solutions can be adjusted

to suit our client’s distinctive needs.

Multiple units can be placed in tandem for large volume projects.

Concentration levels

of ozone can be established at up to 20 ppm of ozone.

Sanitizing and Disinfectant Tablets

Branded “ GreenKlean,”

these chlorinated tablets kill 99.9% of viruses and bacteria on a surface.

These tablets

eliminate odors while disinfecting and can be used on a variety of hard non-porous surfaces.

We believe each tablet is easy to use, fast

dissolving in water, and each tablet provides a single, standardized cleaning dose.

The solution created from the tablet when mixed with

water may be applied with a spray device, cloth, wipe, sponge, brush, or mop.

Each tablet is effective for up to three days in a closed

container and should be prepared daily when used in open containers.

Generally, there is no need to rinse off the product after cleaning,

the surface just needs to fully air dry, with no remaining residue left nor harm to the surfaces’ finish.

The tablets are made according

to standards of the National Science Foundation, an independent agency of the United States government that supports fundamental research

and education in all the non-medical fields of science and engineering, under the “D2” classification, which means these tablets

may be used as an antimicrobial agent that would not need to be rinsed or qualified as a “no rinse sanitizer.”

Manufacturing

currently source components and raw materials both domestically and overseas from vendors.

The components and raw materials are shipped

to our facility in Omaha, NE and assembled.

We have implemented a strict quality control program which is run by our Director of Operations

along with our Lead Production Supervisor.

We have inventory control systems at our facilities

that track each manufacturing and packaging component as we receive it from our supply sources through manufacturing and shipment of each

product to customers.

To facilitate this tracking, most products we sell are bar coded.

We believe our distribution capabilities increase

our flexibility in responding to our customers’ delivery requirements.

Our manufacturing

operations are designed to allow low-cost production of a wide variety of products of different quantities, physical sizes and packaging

formats, while maintaining a high level of customer service and quality.

Flexible production line changeover capabilities and reduced

cycle times allow us to respond quickly to changes in manufacturing schedules and customer demands.

We believe that our manufacturing facilities generally

have sufficient capacity to meet our current business requirements and our currently anticipated sales.

On September 5, 2025, we adopted a digital asset treasury strategy focused on Dogecoin.

Pursuant to an asset management

agreement that we entered into with Dogecoin Ventures, Inc., or the Asset Manager, and 21Shares US LLC, or 21Shares, on September 5, 2025,

or the Asset Management Agreement, we established a multiyear advisory and asset-management program with the Asset Manager (which is a

wholly-owned subsidiary of House of Doge Inc., the commercial arm of the Dogecoin Foundation) and 21Shares to manage our treasury assets,

which include available cash or digital assets placed in our account to be utilized for such purpose, or the Treasury Account, as well

as all investments thereof, proceeds of, income on and additions or accretions to the same, including all assets which are or were in

the Treasury Account, but which are deployed in decentralized finance or similar blockchain transactions from time to time in accordance

with the investment strategy described in the Asset Management Agreement (which we refer to as the Treasury Assets).

As of February 27,

2026, all asset management agreements have been terminated but the Company maintains a portfolio of Dogecoin.

See Note 10 for more information.

On June 8, 2026, the Company announced plans

to sell or dispose substantially all assets of the cleaning products business, including the wholly owned Irish subsidiary, CleanCore

The Company is in the process of selling this business unit but is not under binding contract with any party as of September

The segment did not meet the criteria as Held for Sale as of June 30, 2026 and is included in this Report.

June 8, 2026, the Company also announced a new focus on building AI Critical Infrastructure and plans to dispose of the Cleaning Products

business and digital asset treasury strategy.

On July 9, 2026, the Company closed on its first data center campus, located in West Texas.

On July 23, 2026, a second campus acquisition, located in Minnesota, was completed.

August 31, 2026, the Company changed its name from CleanCore Solutions Inc.

to Zone Frontier Inc.

Raw Materials, and Suppliers

primary raw materials used in the manufacture of our products are chassis, generators, various sockets, degas cylinders, and a variety

of other components.

these raw materials is a key factor in pricing our products.

We source raw materials from multiple regional,

national and foreign suppliers;

however, we have a single vendor for a major component of two of our main products.

For the years ended

June 30, 2025 and 2024, this vendor accounted for approximately 11% and 30%, respectively, of our total purchases.

Certain of our materials

come from Asian-based suppliers.

Raw materials from Asian-based suppliers may be subjected to import duties, depending on various

foreign policies of the US government.

As such, we continue to explore partnership or supplier opportunities to optimize our costs.

As noted above, we have historically purchased

certain key raw materials from a limited number of suppliers.

We purchase raw materials on the basis of purchase orders.

While we believe

that there is an ample supply of most of the raw materials that we need, in the absence of

firm and long-term contracts, we may not be able to obtain a sufficient supply of these raw materials from our existing suppliers

or alternates in a timely fashion or at a reasonable cost.

If we fail to secure a sufficient supply of key raw materials in a timely fashion,

it will result in a significant delay in delivering our products.

Furthermore, failure to obtain a sufficient supply of these raw materials

at a reasonable cost could also harm our revenue and gross profit margins.

Please see Item 1A “ Risk Factors—Risks Related

to Our Business and Industry—We have historically depended on a limited number of third parties to supply key raw materials to us

and the failure to obtain a sufficient supply of these raw materials in a timely fashion and at reasonable costs could significantly delay

our delivery of products ” for a description of the risks related to our supplier relationships.

Sales and Marketing

utilize media, websites, email lists, social media to reach industries and new potential clients.

We actively participate in a variety

of trade shows in health care, food service, commercial real estate, and schools and universities where we demonstrate and market our

products to thousands of potential and existing customers.

We will also use these marketing tactics to grow awareness for our products

that we deploy in various cleaning applications.

Finally, we will distribute press releases, attend industry conferences, and leverage

our relationships with existing customers to grow our client base.

fourth quarter of fiscal 2025, we acquired the assets of Sanzonate and formed CleanCore Global in Ireland.

We will work to expand the

distribution base the former Sanzonate operation had by selling units in Europe through CleanCore Global.

We believe the work we are doing with KBS (as

described below) will allow us to expand sales opportunities with other building service management companies located in North America

and the European Union through CleanCore Global.

Historically,

we previously sold most of our products through distributors.

Over the past two years, we have started to sell an increasing number of

products directly to end customers.

10, 2025, we signed a three-year memorandum of understanding with Kellermeyer Bergensons Services, LLC, or KBS.

KBS is a national building

service management company that provides janitorial services to over 100,000 buildings in the United States.

The memorandum of

understanding covers pricing, accounts payable terms, and other key items to establish an opportunity for both companies to grow together.

KBS issued its first purchase order on May 28, 2025 for $1.369 million, of which $863,000 was invoiced in June 2025 and the remaining

balance is scheduled to be shipped and invoiced between July and September of 2025.

A second purchase order from KBS was received on June

4, 2025 for $261,000 with shipment scheduled between July and September of 2025.

year ended June 30, 2025, two customers, KBS and Prolink, Inc., accounted for 42% and 17% of revenue, respectively, and one customer,

KBS, accounted for 47% of all accounts receivable as of June 30, 2025.

build and manage data centers to power the AI economy.

We specialize in bringing powered land and state-of-the-art data center facilities,

in conjunction with development partners, to support the growing need for compute to power the next generation of Artificial Intelligence.

During the twelve months ended June 30, 2026, we did not purchase any products or materials for the AI segment.

Company’s Cleaning Products business, offers products and solutions marketed for janitorial and sanitation, ice machine cleaning,

laundry, and industrial industries using patented aqueous ozone technology, that consist of wall-mounted and mobile units.

The products,

components, and raw materials were sourced and assembled both domestically and overseas, and shipped from our facilities in Omaha, Nebraska

and Dublin, Ireland.

While the Cleaning Products business uses a variety of vendors, it sources many of its finished products from one

The Company had a contingency plan in place to use other vendors, if necessary, which could result in production delays.

Company implemented strict quality control and inventory control systems and the manufacturing

operations were designed to allow low-cost production of a wide variety of products of different quantities, physical sizes and packaging

Treasury segment did not purchase any products or raw materials from suppliers in the twelve months ended June 30, 2026.

Marketing, and Customers

Company markets itself to prospective tenants of its data centers through referrals and its website, in conjunction with targeted outreach

and public relations campaigns.

The Minnesota campus is leased exclusively to one customer, Cerebras, in a binding ten year contract with

the option for two addition ten-year renewal periods.

For other and future data center campuses, we may lease to one or more tenants.

The Company also markets itself to powered landowners and developers using its website.

Cleaning Products business sold most of its products through distributors and directly to end customers.

For the year ended June 30, 2026,

2024, one customer, Pro-Link, Inc., accounted for 14% of revenue, and two customers, Consensus Group and Tharaldson Hospitality,

each accounted for 28% of all accounts receivable as of June 30, 2024.

We do not have a long-term contract with any

of these customers mentioned (the memorandum of understanding with KBS is not binding and does not require the purchase of specific quantities

of products).

We primarily sell products to customers under individual purchase orders placed by them under their standard terms

and conditions of sale.

These terms and conditions generally include insurance requirements, representations by us with respect to the

quality of our products and our production process, our obligations to comply with law, and indemnifications by us if we breach our representations

or obligations.

There is no commitment from any of these customers to purchase from us, or from us to sell to them, any minimum number

The loss of any major customer could have a material

adverse effect on our results of operations.

See Item 1A “ Risk Factors—Risks Related to Our Business and Industry—Our

major customers account for a significant portion of our revenue and the loss of any major customer could have a material adverse effect

on our results of operations .”

The janitorial services industry is highly competitive

and has many established, large and small global competitors.

We compete against a wide range of cleaning-focused businesses.

our current competitors may be larger than we are, have larger customer bases, greater brand recognition and operating histories, a dominant

or more secure position, broader geographic scope, volume, scale, resources, and more market share than we do, or offer products and services

we do not offer.

Other competitors are smaller, younger, companies that may be more agile in responding quickly to new products or changes

in the market.

Our major competitors for our products are traditional

cleaning companies such as Proctor and Gamble and Unilever, which are companies that develop and manufacture traditional chemical cleaning

However, to the best of our knowledge, none of them have an aqueous ozone technology.

We also compete with companies in the

aqueous ozone cleaning market such as Tennant Company, Tersano Inc., and Enozo Technologies Inc and O3 Waterworks.

Each of these companies

also produces devices to make aqueous ozone, and Tersano Inc.

and Enozo Technologies Inc.

produce aqueous ozone products for both personal

and professional use.

We also compete with a multitude of foreign, regional,

and local competitors that vary by market.

If our existing or future competitors seek to gain or retain market share by reducing prices,

we may be required to lower our prices, which would adversely affect our operating results.

Similarly, if customers or potential customers

perceive the products or services offered by our existing or future competitors to be of higher quality than ours or part of a broader

product mix, our revenues may decline, which would adversely affect our operating results.

Competitive Strengths

We believe that the following competitive strengths

contribute to our success and differentiate us from our competitors:

● We have numerous patents for our technology .

have 15 patents for our technology.

These patents cover the functions of our products that allow our machines to produce ozone in the

form of nanobubbles.

● We have experience in the cleaning industry .

Our acquisition

and subsequent business with aqueous ozone products have led us to maintain and uphold significant and meaningful relationships throughout

the service cleaning industry with various providers of cleaning services.

● We believe that our products eliminate the need for harsh

chemicals and reduce costs of labor in janitorial services .

Various chemical solutions for cleaning are costly, but with the aqueous

ozone solution, we believe hospitals may reduce expenditures by switching to the aqueous ozone technology.

Our customers in janitorial

services have reported a reduced time in cleaning and sanitizing, which saves our customers on labor costs.

● There is no chemical residue left after using our solution,

and we believe it causes less irritation compared to typical cleaning agents .

When cleaning with the aqueous ozone solution, it

may remove and deodorize surfaces without using harsh caustic chemicals, and only water remains on the surface after cleaning, not any

chemical residue that may require additional rinsing.

As a result, our clients may report less eye, skin, and respiratory irritation after

switching to our cleaning products.

● Our product is environmentally conscious .

is to reduce packaging waste when replacing traditional cleaners and their packaging with aqueous ozone dispensers.

We believe our product

also reduces water consumption while cleaning.

A two-year study at a major Vancouver hospital found that clients use 90% less water since

the aqueous ozone technology removes the need to flush the cleaning dispensing system between various chemical cleaning agents.

our products may reduce the carbon footprint of a janitorial service business when used in lieu of traditional cleaning methods.

Growth Strategies

The key elements of our strategy

to grow our business include:

● Targeting key industries .

Historically, we sold our

products primarily through geographic and strategic distributors across the United States and Europe in the janitorial services sector.

In the past twelve months, we have shifted our focus to selling direct to end users.

Our focus target groups include building service

management companies, hospitality, education, venue, and education.

● Deploy marketing strategies that raise awareness for our cleaning

We plan to expand our marketing efforts to increase awareness of our products.

Our strategy includes attending industry

conferences and working with salespeople to start the use of our product in new areas.

● Create partnerships through exclusive licensing for distributors

and a direct sales model .

We anticipate evolving the business model into a hybrid of both traditional distributors and a direct

sales model with key salespeople penetrating the health care, education, food service, and commercial buildings industries.

also to create partnerships with some of the largest sports and entertainment arenas in the world, providing end-to-end sales and service.

● Expand distribution to the European Union .

acquisition of the assets of Sanzonate and the formation of CleanCore Global, we anticipate expanding the distribution network that Sanzonate

had to cover the entire European Union.

We believe that Sanzonate was a market leader in providing Aqueous Ozone cleaning devises in the

European Union and we plan to capitalize on this opportunity.

Research and Development

We are continuing

our research and development into specific product applications across our core janitorial and sanitation product line, specifically aligning

our new direct sales and support strategy by evolving the existing product lines to capture new “real time” testing evaluations.

we had conducted an adenosine triphosphate study on the Clemson University Core buildings to determine the cleaning effect of aqueous

ozone and our products.

active in developing consumer-focused products that can be sold and marketed online and in large box retail stores across the country.

We are exploring the development of our products for expanded usage in key market segments such as health care, food service, and commercial

cleaning industries.

Intellectual Property

we hold 15 patents, including 10 in the United States, 1 in Mexico and 4 in Canada.

These patents cover the functions of our products

that allow our machines to produce the ozone in the form of nanobubbles.

Each of our United States patents are utility patents, and are

We currently do not license any patents.

Patent Number

Expiration Year

two customers accounted for 27% and 16% of revenue, respectively, and

two customers accounted for 18% and 16% of all accounts receivable at June 30, 2026.

ended June 30, 2025, two customers, accounted for 42% and 17% of revenue, and one customer accounted for 47% of all accounts receivable

at June 30, 2025.

Treasury segment’s assets were bought and sold on public exchanges and it did not enter into any direct sales to customers in the

twelve months ended June 30, 2026.

loss of any major customer could have a material adverse effect on our results of operations.

See Item 1A “ Risk Factors—Risks

Related to Our Business and Industry—Our major customers account for a significant portion of our revenue and the loss of any major

customer could have a material adverse effect on our results of operations .”

AI Critical Infrastructure industry is evolving rapidly with many new competitors entering the market, in addition to several very large

and well capitalized established data center operators.

Our competitors include many established BTC mining operators that are converting

large power footprints into AI data centers.

Our ability to compete in the market is dependent upon finding suitable land and power, long-term

tenants, availability of key equipment, increasing demand for compute, adequate funding, public sentiment, and government regulation.

janitorial services industry is highly competitive and has many established, large and small global competitors.

We compete against a

wide range of cleaning-focused businesses, some of which may be larger, have larger customer bases, greater brand recognition and operating

histories, a dominant or more secure position, broader geographic scope, volume, scale, resources, and more market share than we do, or

offer products and services we did not offer.

Other competitors are smaller, younger, companies that may be more agile in responding quickly

to new products or changes in the market.

The Company is in the process of selling this business unit but is not under binding contract

with any party as of September 28, 2026.

The crypto currency market is highly competitive and subject to volatility relating to changing

investor sentiment, government regulation, and payment acceptance by the broader community.

The Company exited this strategy on July 20,

believe that the following competitive strengths contribute to our success and differentiate us from our competitors:

anchor tenant at our flagship project.

Our Minnesota project is supported by a multi-year colocation agreement with Cerebras

Systems, a leading AI compute company with a growing deployment footprint.

Securing a creditworthy tenant prior to construction reduces

speculative development risk and anchors project-level financing.

We believe our ability to attract and retain high-quality tenants is

central to the success of our AI infrastructure business.

equity commitment.

In August 2026, we raised $100 million through a public offering of common stock and warrants to fund

our equity commitment to the Minnesota project.

site strategy in rural and industrial markets.

We target sites where power availability, interconnection timing, and permitting

favor speed to market, rather than competing for constrained capacity in established data center hubs.

Our Minnesota site benefits from

existing power capacity, which we believe shortens our path to delivery.

We are evaluating additional sites in Texas, North Dakota, and

other states.

Aligned development

partners with local execution experience.

We develop projects with experienced data center developers and operators under

structures that tie partner compensation to on-time, on-budget delivery, and that provide us with opportunities to partner on future projects.

Our Minnesota partner has a multi-year operating history in the local market, including established relationships with utilities, municipal

authorities, and contractors.

team with capital allocation and multi-sector operating experience.

Our leadership has experience in energy, infrastructure,

industrial manufacturing, and government service, which we believe enables disciplined capital allocation and efficient deployment of

invested capital into revenue-generating projects.

Public-company

As an NYSE American-listed company, we have access to public equity and debt capital markets and the ability

to use our equity as currency for future site acquisitions and partnerships.

key elements of our strategy to grow our business include:

flagship Minnesota project on schedule.

Our 40-megawatt Minnesota project is under construction and is expected to be

delivered in phases beginning in the first calendar quarter of 2027, with revenue commencing upon customer acceptance of each phase.

delivery of this project is our near-term priority and is intended to establish our operating track record, our relationship with our

anchor tenant, and our access to project-level debt financing.

pipeline of power-enabled sites.

We are evaluating additional data center campus opportunities in Texas, North

Dakota, and other states, prioritizing sites with available or near-term power capacity, favorable interconnection timelines, and constructive

permitting environments.

We intend to advance the most attractive of these sites toward development as tenant demand and capital availability

Grow with our

We seek to structure customer agreements with expansion rights and to develop sites with capacity for additional

phases, so that we can grow our contracted capacity with existing tenants.

Scale through

development partnerships.

We partner with established developers and operators with technical teams and local market expertise.

This allows us to enter new markets and pursue multiple projects concurrently while retaining a lean organization, and to align partner

economics with project delivery.

We intend to pursue additional projects with existing partners and to add partners in new geographies.

Finance future

projects at the asset level.

We intend to fund future projects through a combination of project-level equity, project-level

debt, corporate equity, and, where available, customer-funded milestone payments, with the goal of reducing our corporate equity contribution

per project and increasing the number of projects we can develop with a given capital base.

and Development

the Cleaning business, we conduct research and development into specific product applications across our core janitorial and sanitation

product line, specifically aligning our direct sales and support strategy by evolving the existing product lines to capture new “real

time” testing evaluations.

we conducted an adenosine triphosphate study on the Clemson University Core buildings to determine the cleaning effect of aqueous ozone

and our products.

of June 30, 2026, we held 15 patents, including 10 in the United States, 1 in Mexico and 4 in Canada.

These patents covered the functions

of our products that allow our machines to produce the ozone in the form of nanobubbles.

Each of our United States patents are utility

patents, and were owned by us.

We did not license any patents.

Ozone Cleaning System

14 unchanged sentences

United States

System for Producing and Distributing an Ozonated Fluid

System for Producing and Distributing an Ozonated

Ozonated Liquid Dispensing Unit

6 unchanged sentences

United States

To protect our intellectual property, we rely

on a combination of laws and regulations, as well as contractual restrictions.

We rely on Federal patent laws to protect our intellectual

property, including our patented technology.

We also rely on the protection of laws regarding unregistered copyrights for certain content

we create and trade secret laws to protect our proprietary technology.

To further protect our intellectual property, we enter into confidentiality

agreements with our executive officers and directors.

to attract and retain quality employees in the areas of sales, marketing, and internal operations.

Our salespeople will be selected to

continue to identify and develop our client relationships.

Our marketing staff will develop brand awareness of our products within the

janitorial services market.

As of June 30, 2025, we had

15 full time employees, 13 of whom were in the United States and 2 of whom were in Ireland.

None of our employees are represented

by labor unions, and we believe that we have an excellent relationship with our employees.

Government Regulation

As a manufacturer

of ozone devices, we are subject to regulation by multiple U.S.

protect our intellectual property, we rely on a combination of laws and regulations, as well as contractual restrictions.

Federal patent laws to protect our intellectual property, including our patented technology.

We also relied on the protection of laws

regarding unregistered copyrights for certain content we created and trade secret laws to protect our proprietary technology.

protect our intellectual property, we entered into confidentiality agreements with our executive officers and directors.

seek to attract and retain quality employees.

of June 30, 2026, we had 18 full time employees, 16 of whom were in the United States and

2 of whom were in Ireland.

Sixteen employees were assigned to the Cleaning business, 2 to the AI business, and none to the Treasury business.

None of our employees are represented by labor unions, and we believe that we have an excellent relationship with our employees.

artificial intelligence and data center industry is rapidly evolving, and we may be subject to future regulations at the federal, state,

and local level.

We believe we are in compliance with all government regulations as of June 30, 2026.

cleaning business is subject to regulation by multiple U.S.

government agencies, including the EPA.

We must also comply with the Federal

Insecticide, Fungicide, and Rodenticide Act, or FIFRA, which establishes procedures for registering pesticides and pesticide generating

devices with the U.S.

Department of Agriculture and following established labeling provisions.

FIFRA mandates that the EPA regulates the

use and sale of pesticides and pesticide generating devices to protect human health and preserve the environment.

Under FIFRA’s

definition, ozone is considered a pesticide and manufacturers of ozone generating devices are required to register with the EPA.

registration establishment number is 090379-NE-001.

subject to regulation by the U.S.

Food and Drug Administration, or the FDA, for the use of ozone for water treatment as well as its use

as an antimicrobial agent for the treatment, storage, and processing of foods.

In 1982, the FDA granted “GRAS” approval, meaning

it is “generally recognized as safe” status for ozone treatment of bottled water.

The FDA and the Center for Food Safety and

Applied Nutrition announced on June 26, 2001 that ozone may be safely used in the treatment, storage, and processing of foods, including

meat and poultry, when used in accordance with the specified conditions;

and that ozone is approved as a secondary food additive permitted

for human consumption.

Additionally,

Department of Agriculture and Food Safety and Inspection Service declared in December 2001 that ozone may be used on food labeled

as “organic,” and that there are no special labeling requirements for treated raw and ready-to-eat meat and poultry products

if treated with ozone just prior to packaging.

The Occupational

Safety and Health Administration, or OSHA, and the American Conference of Governmental Industrial Hygienists, or ACGIH, have also issued

guidelines and regulations for ozone gas exposure.

OSHA regulates ozone gas exposure based on time-weighted averages, and states that

ozone levels in ambient air should not exceed 0.10 ppm for an eight-hour exposure period.

Similarly, ACGIH guidelines state provide for

similar time weighted averages, distinguishing based on the level of exertion starting from 0.10 ppm of ozone exposure for eight hours

of light work to 0.05 ppm of ozone exposure for eight hours of during heavy work.

Communication Standard provides workers who are exposed to hazardous chemicals or alike with “the right to know” the identities

and protective measures to be taken to protect themselves from adverse effect of air contaminants.

Government recommendations include

guidelines that if an employee is exposed to ambient ozone levels higher than permitted, to wear a respirator or other personal protective

equipment until such a time when air contaminate levels are in within compliance according to the OSHA standards.

Health Canada has issued our company a letter of no-objection to the use of our solution as a sanitizer in Canada for use as a general

use sanitizer, hand disinfectant, personal hygiene cleaner, as a drain cleaner, for food packaging materials, and in use with food contacting

hard surfaces.

Our Health Canada reference numbers are:

IS13041201/02, IS13041209 to IS13041216, and IP13101701.

The application, interpretation, and enforcement

of these U.S.

and foreign laws and regulations are often uncertain, particularly in the rapidly evolving industry in which we operate

and may be interpreted and applied inconsistently from country to country and inconsistently with our current policies and practices.

Any existing or new legislation applicable to our operations could expose us to substantial liability, including significant expenses

necessary to comply with such laws and regulations, to respond to regulatory inquiries or investigations, and to defend individual or

class litigation.

These events could dampen growth in the use of the internet in general and cause us to divert significant resources

and funds to addressing these issues, and possibly require us to change our business practices.

Our EPA registration establishment

number was 090379-NE-001.We were also subject to regulation by the U.S.

Food and Drug Administration, or the FDA, for the use of ozone

for water treatment as well as its use as an antimicrobial agent for the treatment, storage, and processing of foods.

application, interpretation, and enforcement of U.S.

and foreign laws and regulations are often uncertain, particularly in the rapidly

evolving industry in which we operate and may be interpreted and applied inconsistently from country to country and inconsistently with

our current policies and practices.

Any existing or new legislation applicable to our operations could expose us to substantial liability,

including significant expenses necessary to comply with such laws and regulations, to respond to regulatory inquiries or investigations,

and to defend individual or class litigation.

These events could dampen growth in the use of the internet in general and cause us to divert

significant resources and funds to addressing these issues, and possibly require us to change our business practices.

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.

What changed 10-K

Item 1. Business