Subscriber and Revenue Trends - Subscriber numbers increased from 925,270 on December 31, 2024, to 1,006,203 on December 31, 2025[133] - Subscription revenue decreased by 60%, or $23,376, to $15,687 for the three months ended December 31, 2025, compared to $39,063 for the same period in 2024[157] - FAST revenue decreased by 26%, or $15,964, to $46,381 for the three months ended December 31, 2025, compared to $62,345 for the same period in 2024[158] - Ad revenue decreased by 99.96%, or $50,110, to $22 for the three months ended December 31, 2025, compared to $50,132 for the same period in 2024[159] - Other revenue decreased by 100% or $5, to $0 in the three months ended December 31, 2025, compared to $5 for the same period in 2024[166] - For the three months ended December 31, 2025, total revenue was $62,090, a decrease from $151,545 in the same period of 2024, representing a decline of approximately 59%[226] - Membership revenue for the three months ended December 31, 2025, was $15,687, down from $39,063 in 2024, indicating a decrease of about 60%[226] - FAST revenue from related parties for the three months ended December 31, 2025, was $46,381, compared to $62,345 in 2024, reflecting a decline of approximately 25.6%[226] - Ad revenue for the three months ended December 31, 2025, was $22, significantly lower than $50,132 in 2024, marking a decrease of about 56.1%[226] - For the six months ended December 31, 2025, total revenue was $257,950, slightly down from $269,952 in 2024, a decrease of approximately 4.4%[226] - Ad revenue for the six months ended December 31, 2025, was $119,036, which included $125,000 recognized as Ad Agency Revenue under the Launch That Experimental Media Plan Agreement[226] Financial Position and Cash Flow - Cash balance as of December 31, 2025, was $433,363, with a working capital deficit of $3,839,068[134] - The company plans to raise additional equity financing to meet obligations for the next 12 months[134] - The company has incurred recurring losses and its ability to continue as a going concern is contingent upon obtaining additional financing[173] - Cash used in operations was $5,232,881 for the six months ended December 31, 2025, compared to $6,663,663 for the same period in 2024[170] - Cash used in operating activities decreased by $1,430,782 or 21.5% for the six months ended December 31, 2025, primarily due to a decrease in net loss[205] - Cash provided by financing activities increased by $1,456,098 or 39.7% for the six months ended December 31, 2025, mainly due to increased proceeds from convertible notes payable[207] - Cash used in investing activities decreased by $13,067 or 60% for the six months ended December 31, 2025, attributed to reduced cash used for purchasing property and equipment[206] Losses and Deficits - The company sustained a net loss of $2,783,982 for the three months ended December 31, 2025, compared to a net loss of $3,929,518 for the same period in 2024[173] - The total accumulated deficit reached $200,881,532 as of December 31, 2025[170] Equity and Financing Activities - The company entered into an Equity Purchase Agreement with a commitment to purchase up to $50 million in shares of Class A common stock[177] - The company may seek additional capital through various means, including private or public equity offerings and debt financings[175] - The company plans to file a registration statement for the resale of shares under the Equity Purchase Agreement within 30 days following the trading day after the Direct Listing date[185] - The total outstanding principal and accrued interest of $118,714 from a loan with Public Wire was converted into 29,679 shares of Class B common stock at a conversion price of $4.00 per share[189] - The company recognized a debt extinguishment loss of $118,714 upon the conversion of the loan with Public Wire[189] - The company received an additional $1,110,000 from Nextelligence between the agreement date and December 31, 2025[188] - As of December 31, 2025, the total outstanding principal on the revolving convertible note payable is $2,425,552, with accrued interest of $21,144, totaling $2,446,696[188] Operational Changes and Strategic Initiatives - The transition to a free registration subscription service has impacted subscription revenue, which is now supported by advertising revenue[157] - The company is strategically reinvesting in its proprietary Platform-as-a-Service (PaaS) infrastructure to enhance long-term enterprise value[160] - The recent decline in advertising revenue is attributed to the migration to the new in-house Zer0Gap Ads platform, which is expected to stabilize and improve revenue performance[162] - Major streaming platforms are expanding their first-party advertising ecosystems, impacting the competitive landscape for advertising revenue[164] - The company discontinued its SelectTV paid subscription service in October 2022 and rebranded to FreeCast.com, launching SmartGuide as a free registration subscription service[212] - Beginning in 2024, the company started recognizing contracts with customers from product sales requiring performance up to delivery, impacting revenue recognition practices[224] Legal and Accounting Considerations - The company assesses loss contingencies related to legal proceedings and unasserted claims, which may result in material losses[237] - If a material loss is probable and can be estimated, the estimated liability will be accrued in the financial statements[238] - Remote loss contingencies are generally not disclosed unless they involve guarantees[239] - Modifications to equity-classified instruments are accounted for based on the fair value difference before and after the modification[240] - Preferred stock subject to mandatory redemption is classified as a liability and measured at fair value, while conditionally redeemable preferred stock is classified as mezzanine equity[241] - The Series A Preferred Stock was reclassified from mezzanine equity to permanent equity after amending its terms on December 26, 2024[242] - The company does not anticipate that recently issued accounting standards will materially impact its financial position or results of operations upon adoption[243] - As a smaller reporting company, the company is not required to provide detailed market risk disclosures[244]

Core Insights - New to The Street is a prominent financial media brand that broadcasts weekly on Bloomberg Television and Fox Business, reaching millions of households across the U.S., Latin America, and MENA regions [6] Group 1: Featured Companies - FreeCast (NASDAQ:CAST) is transforming digital media aggregation and streaming access for consumers worldwide [3] - KLED.ai is advancing AI-driven enterprise and data intelligence solutions [3] - Lantern Pharma (NASDAQ:LTRN) is a leader in AI-powered oncology drug development [3] - BlackBarn Restaurant is a premier culinary destination in New York City known for its farm-to-table excellence [3] - Virtuix (NASDAQ:VRTX) specializes in immersive virtual reality technology [4] - NRx Pharmaceuticals (NASDAQ:NRXP) focuses on advanced therapeutics for critical conditions [4] - PetVivo Holdings is involved in veterinary regenerative medicine [4] - DataVault AI (NASDAQ:DVLT) provides data monetization and tokenization infrastructure [4] - Roadzen (NASDAQ:RDZN) offers an AI-powered insurance and mobility platform [4] - Stardust Power (NASDAQ:SDST) is engaged in lithium and energy infrastructure solutions [4] - CISO Global (NASDAQ:CISO) is an enterprise cybersecurity leader [4] - The Sustainable Green Team (OTC:SGTM) focuses on climate and sustainable infrastructure solutions [4] Group 2: Media Reach and Impact - New to The Street has a combined platform reach exceeding 5.1 million subscribers, including 4.44 million on its YouTube channel and over 700,000 on the NewsOut Digital Network [4][5] - The platform utilizes various distribution channels, including LinkedIn, X, Instagram, and Facebook, along with iconic billboard placements in Times Square and NYC's Financial District [4] - New to The Street continues to outperform traditional financial media platforms in terms of reach, engagement, and measurable impact, establishing itself as a dominant force in next-generation financial media [5]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - Tilly's, Inc. (TLYS) is up 63% at $2.63 - Bumble Inc. (BMBL) is up 25% at $3.55 - Petco Health and Wellness Company, Inc. (WOOF) is up 16% at $2.80 - Lightwave Logic, Inc. (LWLG) is up 15% at $5.82 - TMD Energy Limited (TMDE) is up 15% at $2.65 - Laird Superfood, Inc. (LSF) is up 11% at $2.77 - Build-A-Bear Workshop, Inc. (BBW) is up 10% at $48.20 - AIFU Inc. (AIFU) is up 9% at $2.09 - BitFuFu Inc. (FUFU) is up 7% at $2.21 - Mexco Energy Corporation (MXC) is up 6% at $12.59 [3] Premarket Losers - Netskope, Inc. (NTSK) is down 15% at $10.25 - FreeCast, Inc. (CAST) is down 14% at $6.82 - Paranovus Entertainment Technology Ltd. (PAVS) is down 14% at $1.95 - ESGL Holdings Limited (OIO) is down 11% at $3.31 - Acurx Pharmaceuticals, Inc. (ACXP) is down 10% at $5.39 - UiPath, Inc. (PATH) is down 7% at $11.45 - Aptera Motors Corp. (SEV) is down 7% at $3.19 - HighPeak Energy, Inc. (HPK) is down 5% at $5.55 - 60 Degrees Pharmaceuticals, Inc. (SXTP) is down 5% at $3.06 - Bit Origin Ltd (BTOG) is down 5% at $2.59 [4]

Group 1: Recent IPOs - Three new stocks were listed last week, with two being SPACs: MiniMed (MMED) raised $560 million by issuing 28 million shares at $20 per share [1] - SPAC GalaxyEdge Acquisition (GLEDU) raised $100 million, while Kensington Capital Acquisition VI (KCACU) raised $200 million [1] - Seven companies submitted IPO applications, including one Chinese company, Hyperides (HYRD) [1] Group 2: Upcoming IPOs - Freecast, Inc., a video streaming platform, plans to go public on NASDAQ on March 10, 2026, through a direct listing without issuing new shares, aiming to provide entertainment content discovery and management [1] - For the first nine months of 2025, Freecast reported revenue of $200,000 and a net loss of $2.86 million [1] - PayPay Corp, a fintech company, plans to list on NASDAQ on March 12, 2026, with a share price range of $17 to $20, aiming to raise approximately $1.1 billion by issuing 54.99 million shares [5][6] - As of the end of 2025, PayPay reported revenue of 278.5 billion yen and a net profit of 103.3 billion yen, with around 72 million registered users, capturing 75% of the Japanese smartphone user market [3][6]

Core Viewpoint - FreeCast, Inc. has announced the effectiveness of its registration statement for a proposed public direct listing of its Class A common stock on the Nasdaq Global Market, with an anticipated trading start date of March 3, 2026, under the ticker symbol "CAST" [1]. Company Overview - FreeCast, Inc. is a next-generation streaming technology company that provides a comprehensive Platform-as-a-Service ecosystem for modern television and digital video distribution [1]. - The company's infrastructure supports various entities including telecom operators, ISPs, broadcasters, municipalities, utilities, brands, and device manufacturers, focusing on scalable, policy-compliant, and monetization-enabled media deployment [1]. Registration and Listing Details - The registration statement on Form S-1 has been declared effective by the SEC, allowing FreeCast to proceed with its public direct listing [1]. - The prospectus related to the registration statement can be accessed via the SEC's EDGAR database or FreeCast's investor relations page [1].

As filed with the Securities and Exchange Commission on January 23, 2026 Registration No. 333-275508 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 11 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FREECAST, INC. (Exact name of registrant as specified in its charter) Florida 7990 45-2787251 (State or other jurisdiction of incorporation or organization) (Primary standard industrial classification code number) 6901 TPC Drive, Suite 200 Orlando, Flori ...

As filed with the Securities and Exchange Commission on December 31, 2025 Registration No. 333-275508 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 10 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FREECAST, INC. (Exact name of registrant as specified in its charter) Florida 7990 45-2787251 (State or other jurisdiction of incorporation or organization) (Primary standard industrial classification code number) 6901 TPC Drive, Suite 200 Orlando, Flor ...

As filed with the Securities and Exchange Commission on December 9, 2025 Registration No. 333-275508 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 9 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FREECAST, INC. (Exact name of registrant as specified in its charter) Florida 7990 45-2787251 (State or other jurisdiction of incorporation or organization) (Primary standard industrial classification code number) 6901 TPC Drive, Suite 200 Orlando, Florid ...

Registration No. 333-275508 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 8 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FREECAST, INC. (Exact name of registrant as specified in its charter) Florida 7990 45-2787251 (State or other jurisdiction of incorporation or organization) (Primary standard industrial classification code number) 6901 TPC Drive, Suite 200 Orlando, Florida 32822 (407) 374-1607 (Address, including zip code, and telephone number ...

As filed with the Securities and Exchange Commission on August 6, 2025 Registration No. 333-275508 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 7 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 FREECAST, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary standard industrial classification code number) Florida 7990 45-2787251 (I.R.S. employer identification number) 690 ...