Core Insights - House of Doge Inc. has entered into a letter of intent to form a strategic partnership with inKind, enabling Dogecoin to be the first cryptocurrency accepted for payments across inKind's restaurant network, which has over 3 million app users [1][2][3] Company Overview - House of Doge is the corporate arm of the Dogecoin Foundation, focused on advancing Dogecoin as a widely accepted global currency and investing in infrastructure for everyday commerce [5] - inKind is a leading hospitality payments and rewards platform that connects consumers with thousands of dining and hospitality partners across the U.S. [6] Partnership Details - The partnership will allow Dogecoin holders to pay for dining experiences at over 4,750 locations, marking a significant step in the real-world adoption of cryptocurrency [2][3] - The collaboration aims to create a recurring revenue stream through merchant payment processing fees, enhancing the utility of Dogecoin for its community [3] Market Impact - The integration of Dogecoin into inKind's platform is expected to attract a new generation of digital-first diners and expand inKind's ecosystem by allowing users to spend cryptocurrency in their daily lives [4] - The partnership opens access to a $1.5 trillion spending category in the U.S. hospitality sector, highlighting the potential for significant market impact [4]

Company Performance - Tvardi Therapeutics, Inc. (NASDAQ: TVRD) experienced an 84.23% decline in stock price, dropping to $6.56 from a year high of $43.65, possibly due to updates on its Phase 2 REVERT clinical trial for idiopathic pulmonary fibrosis [1][7] - Brag House Holdings, Inc. (NASDAQ: TBH) saw a 53.33% decrease to $1.12, down from a year high of $6.96, which may be linked to its recent merger with House of Doge [2][7] - Defiance Daily Target 2x Short QBTS ETF (QBTZ) recorded a 48.32% drop to $11.37, reflecting broader market trends or specific sector movements in the quantum computing industry [3][7] - Beyond Meat, Inc. (NASDAQ: BYND) faced a 46.57% decline to $1.074, down from a high of $6.81, potentially due to its announcement of an exchange offer for Convertible Senior Notes [4][7] - Enlightify Inc. (NYSE: ENFY) saw a 40.90% fall to $0.43, down from a year high of $2.53, as it informed the NYSE of its intent to address a price deficiency [5] Market Trends - The recent price declines across various sectors highlight market volatility and the diverse factors influencing investor sentiment, including company-specific challenges and broader economic conditions [6][7]

Group 1 - Dogecoin Foundation's House of Doge is set to merge with Brag House Holdings (NASDAQ: TBH) for a Nasdaq listing [1] - Post-merger, the company plans to build a Dogecoin yield ecosystem in collaboration with partners like 21Shares and Robinhood [1] - House of Doge currently manages approximately 837 million Dogecoin and over 50 million USD in funds [1]

Core Insights - The merger between House of Doge and Brag House aims to enhance Dogecoin's mainstream adoption and institutional utility, creating a scalable financial ecosystem [1][3][5] Transaction Highlights - The merger is a reverse takeover where Brag House will acquire House of Doge, with both Boards of Directors unanimously approving the agreement [1][3] - The combined entity will leverage over $50 million in investment capital and 837 million Dogecoin to create a multi-revenue stream digital asset management platform [3][4] - The transaction is expected to close early in 2026, subject to customary conditions and shareholder approval [8] Strategic Partnerships - House of Doge has established a 20-year exclusive partnership with the Dogecoin Foundation, enhancing the framework for a transparent and yield-producing Dogecoin economy [4][6] - Partnerships with 21Shares, Robinhood, and CleanCore Solutions are set to introduce regulated investment products and yield strategies, positioning Dogecoin as a financial asset [4][12][18] Governance Structure - Marco Margiotta, CEO of House of Doge, will lead the combined entity, ensuring continuity and strategic alignment [9][10] - The Board of Directors will consist of seven members, with six appointed by House of Doge, maintaining a strong governance structure [10] Market Positioning - The merger aims to connect Gen Z with the gaming, college sports, and digital media ecosystems, driving cultural adoption of Dogecoin [7][19] - The combined entity will focus on creating new financial products and services that enhance Dogecoin's accessibility and institutional support [5][19] Financial Infrastructure - House of Doge has launched the Official Dogecoin Treasury, currently holding over 730 million Dogecoin, which serves as a cornerstone for its financial infrastructure [17] - The partnership with Robinhood aims to develop secure, yield-bearing financial products, making Dogecoin an accessible asset for global investors [18]

Core Insights - Brag House Holdings, Inc. is focused on engaging Gen Z through a unique media-tech model that combines gaming, college sports, and digital media [1][2] Financial Position - The company has transformed its balance sheet and is now well-capitalized, having secured $15 million in growth capital to fund strategic plans and expand its event series [2] Product and Features - The platform utilizes "Brag Bucks," a non-monetary in-app currency earned through user engagement, which is used for predictions on in-game events [4] - Loyalty tokens, including Brag House Tokens (BHT), can be redeemed for physical and virtual prizes, creating a rewards model without cash payouts [4] Market Focus - The company targets the Gen Z demographic, which consists of 70 million U.S. consumers with over $360 billion in disposable income, emphasizing their gaming habits [4] Strategic Partnerships - A partnership with Learfield, which holds media rights for nearly 200 U.S. universities, is a key growth strategy, providing a scalable user acquisition funnel and revenue opportunities through media advertising [4] Data Strategy - Brag House is positioned as a "data powerhouse," aiming to monetize user interactions as first-party behavioral data through a subscription-based SaaS platform, offering brands actionable insights while protecting user privacy [4]

NEW YORK, Sept. 09, 2025 (GLOBE NEWSWIRE) -- Brag House Holdings, Inc. (NASDAQ: TBH) (“Brag House” or the “Company”), the Gen Z engagement platform at the intersection of gaming, college sports, and digital media, today announced a $4 million investment in CleanCore Solutions’ Foundation-backed Dogecoin treasury model through the purchase of pre-funded warrants. The investment provides exposure to Dogecoin alongside leading institutional and digital asset investors, and the Company believes it will strength ...

NEW YORK, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Brag House Holdings, Inc. (NASDAQ: TBH) ("Brag House" or the "Company"), the Gen Z engagement platform operating at the intersection of gaming, college sports, and digital media, announced today a change to its Board of Directors. The Board approved the appointment of Scott D. Woller as an independent director. In addition, the Company announced that Daniel Fidrya has resigned from his position as a member of the Company's Board of Directors, effective immediately ...

PART I [Item 1. Condensed Consolidated Financial Statements (Unaudited)](index=5&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) The unaudited condensed consolidated financial statements reflect improved equity, increased losses, and significant cash inflows post-IPO [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheets show a significant improvement in financial position, moving from a stockholders' deficit to a surplus post-IPO Condensed Consolidated Balance Sheets (Comparison) | Metric | June 30, 2025 (Unaudited) ($) | December 31, 2024 ($) | | :--- | :--- | :--- | | **Assets** | | | | Cash | $1,548,645 | $29,228 | | Total Current Assets | $1,864,989 | $82,227 | | Total Assets | $2,254,160 | $1,301,528 | | **Liabilities & Stockholders' Equity** | | | | Total Current Liabilities | $1,353,425 | $9,757,813 | | Total Liabilities | $1,353,425 | $9,757,813 | | Total Stockholders' Equity (Deficit) | $900,735 | ($8,456,285) | - The company's financial position improved significantly, moving from a stockholders' deficit of **($8.46 million)** at the end of 2024 to a surplus of **$0.90 million** by June 30, 2025, driven by convertible debt conversion and IPO proceeds[14](index=14&type=chunk) - Total liabilities decreased dramatically from **$9.76 million** to **$1.35 million**, primarily due to the conversion of convertible debt into equity following the IPO[14](index=14&type=chunk) [Condensed Consolidated Statements of Operations and Comprehensive Loss](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) The statements of operations indicate no revenue and a higher net loss, primarily due to increased operating expenses post-IPO Statements of Operations Highlights (Six Months Ended June 30) | Metric | 2025 ($) | 2024 ($) | | :--- | :--- | :--- | | Total Revenues | $0 | $55 | | Total Operating Expenses | $2,226,205 | $640,417 | | Net Loss | ($2,772,890) | ($1,991,124) | | Net Loss per Share | ($0.30) | ($0.35) | Statements of Operations Highlights (Three Months Ended June 30) | Metric | 2025 ($) | 2024 ($) | | :--- | :--- | :--- | | Total Revenues | $0 | $0 | | Total Operating Expenses | $1,641,735 | $408,612 | | Net Loss | ($1,705,217) | ($956,963) | | Net Loss per Share | ($0.16) | ($0.17) | - Operating expenses for the six months ended June 30, 2025, increased significantly to **$2.23 million** from **$0.64 million** in the prior year period, driven by higher advertising, legal, professional, and SG&A costs following the company's IPO[15](index=15&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) The cash flow statement highlights significant cash inflows from financing activities, primarily from the IPO, offsetting operational cash usage Cash Flow Summary (Six Months Ended June 30) | Metric | 2025 ($) | 2024 ($) | | :--- | :--- | :--- | | Net Cash Used In Operating Activities | ($3,226,885) | ($184,534) | | Net Cash Provided By Financing Activities | $4,746,302 | $158,818 | | Net change in cash | $1,519,417 | ($25,716) | | Cash at end of period | $1,548,645 | $8,173 | - Financing activities provided **$4.75 million** in cash, primarily from the **$6.79 million** gross proceeds from the IPO, net of offering costs[19](index=19&type=chunk) - A significant non-cash financing activity was the conversion of **$6.77 million** of convertible debt and accrued interest into common stock[19](index=19&type=chunk) [Notes to Condensed Consolidated Financial Statements (Unaudited)](index=12&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) The notes detail the IPO, 'going concern' warning, amended technology agreements, debt conversion, and a subsequent PIPE financing - **Going Concern:** The company has an accumulated deficit of **$17.4 million** as of June 30, 2025, and has incurred recurring net losses and negative cash flows, raising substantial doubt about its ability to continue as a **going concern** for the next twelve months[31](index=31&type=chunk)[35](index=35&type=chunk) - **Initial Public Offering (IPO):** The company completed its IPO on March 7, 2025, raising gross proceeds of **$5.9 million** from the initial sale and an additional **$0.89 million** from the over-allotment option, for total net proceeds of approximately **$5.6 million** after underwriting discounts and expenses[26](index=26&type=chunk)[29](index=29&type=chunk)[102](index=102&type=chunk) - **Technology Agreements:** In May 2025, the company amended its agreements with Artemis and EVEMeta, paying **$0.25 million** in cash to eliminate a minimum share price guarantee, which settled a stock-based compensation liability and resulted in a **$0.13 million** other expense[60](index=60&type=chunk)[95](index=95&type=chunk)[96](index=96&type=chunk) - **Debt Conversion:** Upon the IPO in March 2025, the entire balance of convertible debt and accrued interest, totaling approximately **$6.7 million**, was converted into 1,912,176 shares of common stock[137](index=137&type=chunk) - **Subsequent Event - PIPE Financing:** On July 24, 2025, the company entered into an agreement for a private placement (PIPE) to sell 15,000 units of Series B Convertible Preferred Stock and warrants for total gross proceeds of **$15 million**[33](index=33&type=chunk)[167](index=167&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=44&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses its college gamer market strategy, post-IPO operational results, liquidity concerns, and acknowledged material weaknesses - The company's business strategy focuses on creating a community-driven gaming platform for casual college gamers, with a monetization plan based on brand partnerships and a scalable data insights SaaS model, with a beta version expected in **Q1 2026**[169](index=169&type=chunk)[175](index=175&type=chunk) - A strategic partnership with Learfield was initiated in May 2025, aiming to leverage Learfield's college network to generate sponsorship revenue and access data for the company's evolving data insight model[174](index=174&type=chunk)[201](index=201&type=chunk) Comparison of Operating Results (Six Months Ended June 30) | Metric | 2025 ($) | 2024 ($) | | :--- | :--- | :--- | | Revenue | $0 | $55 | | Operating Expenses | $2,226,205 | $640,417 | | Net Loss | ($2,772,890) | ($1,991,124) | - The increase in operating expenses in 2025 is attributed to higher spending on SG&A, legal, professional, marketing, and software development as the company scaled operations following its March 2025 IPO[189](index=189&type=chunk) - Management acknowledges material weaknesses in internal controls related to cash disbursements, income tax accounting, complex debt/equity transactions, and cybersecurity, and has initiated a remediation plan[211](index=211&type=chunk)[229](index=229&type=chunk) - Despite raising funds through its IPO, the company's recurring losses and negative cash flows raise substantial doubt about its ability to continue as a **going concern**, with future operations dependent on generating revenue and potentially raising more capital[197](index=197&type=chunk)[224](index=224&type=chunk)[226](index=226&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=55&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company does not hold derivative instruments or engage in hedging activities - The company does not hold derivative instruments or engage in hedging activities[228](index=228&type=chunk) [Item 4. Controls and Procedures](index=55&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls were ineffective as of June 30, 2025, due to material weaknesses, with no material changes - As of June 30, 2025, the company's disclosure controls and procedures were determined to be ineffective[229](index=229&type=chunk) - The ineffectiveness is due to material weaknesses in several areas, including: review of cash disbursements, controls over income tax accounts, recording of complex debt/equity transactions, and lack of cybersecurity policies[229](index=229&type=chunk) - No material changes were made to the company's internal control over financial reporting during the quarter ended June 30, 2025[231](index=231&type=chunk) PART II [Item 1. Legal Proceedings](index=56&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no pending or threatened legal proceedings that could materially affect the business - There are no material legal proceedings pending or threatened against the company[233](index=233&type=chunk) [Item 1A. Risk Factors](index=56&type=section&id=Item%201A.%20Risk%20Factors) The company requested an investigation into potential illegal naked short selling of its stock, with the outcome pending - On May 14, 2025, the company requested an investigation by regulators (SEC, FINRA, Nasdaq) into potential illegal naked short selling of its stock[234](index=234&type=chunk) - The outcome of the investigation request is pending[234](index=234&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=56&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reports no unregistered sales of equity securities during the period that were not previously reported - There were no unregistered sales of equity securities during the quarter that have not been previously reported[235](index=235&type=chunk) [Item 3. Defaults Upon Senior Securities](index=57&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) This item is not applicable - Not applicable[238](index=238&type=chunk) [Item 4. Mine Safety Disclosures](index=57&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable - Not applicable[238](index=238&type=chunk) [Item 5. Other Information](index=57&type=section&id=Item%205.%20Other%20Information) This item is not applicable - Not applicable[239](index=239&type=chunk) [Item 6. Exhibits](index=57&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL data files - The report includes required certifications from the CEO and CFO pursuant to Sarbanes-Oxley Sections 302 and 906[241](index=241&type=chunk) - Amendments to the Master Services Agreement and EVEMeta Agreement are referenced as exhibits[241](index=241&type=chunk)

Core Viewpoint - Brag House Holdings, Inc. has regained compliance with Nasdaq's minimum bid price requirement, confirming its stock price has maintained a closing bid price of at least $1.00 for 10 consecutive business days [1][2]. Company Overview - Brag House is a media technology gaming platform focused on transforming casual college gaming into a community-driven experience, targeting the Gen Z demographic [3]. - The platform integrates gaming, social interaction, and technology, offering features like live-streaming, gamification, and custom tournament services to enhance user engagement and brand connection [3].

Core Points - Brag House Holdings, Inc. has successfully closed a private investment in public equity (PIPE) financing, raising approximately $15 million in gross proceeds [1] - The net proceeds from the offering will be utilized for general corporate purposes, including working capital [2] - The company sold 15,000 shares of Series B Convertible Preferred Stock, which can be converted into 15,923,567 shares of common stock at a conversion price of $0.942 per share [3] - Each unit sold consists of one share of Series B Convertible Preferred Stock and one warrant, priced at $1,000 per unit [3] - The warrants are immediately exercisable at an exercise price of $0.817 per share and will expire in five years [3] - Revere Securities LLC acted as the sole placement agent for the PIPE financing [4] - The securities offered have not been registered under the Securities Act and are available only to accredited investors [5] Company Overview - Brag House is a media technology gaming platform focused on transforming casual college gaming into a community-driven experience [7] - The platform integrates gaming, social interaction, and technology to create an engaging environment for casual gamers and brands targeting the Gen Z demographic [7] - Features include live-streaming capabilities, gamification, and custom tournament services to enhance user and brand engagement [7]