{"success":true,"data":{"pressRelease":{"id":"165798","rtpr_id":"nGNX2mn4Qr-20261009","ticker":"APUS","exchange":"NYSE American","all_tickers":["APUS"],"title":"MindWave Innovations Signs 3 Client Network Agreements in 10 Days, Extending MindChain into Climate Finance, Sports Media and Insurance; Apimeds Pharmaceuticals US Provides Required NYSE American Disclosure ","author":"Globe Newswire","published_at":"2026-10-09T22:00:00.094Z","article_body":"MATAWAN, N.J., Oct. 09, 2026 (GLOBE NEWSWIRE) -- via IBN – MindWave\nInnovations Inc. USA\n(https://www.globenewswire.com/Tracker?data=Vu0Fd54xnduB9Wt0sUUF7-nmfJ_m86uV1OkzkNOemWOy-sNLet3qiVQycsQdYPXhDZWzxFtCmkSQV5KT5emw5S5X-Rlk5sZKirGr2skD8tXU4_wInNrYO1raCJGT8rA1)\n(\"MindWave\"), a wholly owned subsidiary of Apimeds Pharmaceuticals US, Inc.\n(NYSE American: APUS\n(https://www.globenewswire.com/Tracker?data=7ITvx_sAINbWDp-fbUwcaglV3ZlzohQkWXSe9UnPzFz50F9QSYb93ToHJ_XBWpqB1gYIBDUjFKpkOm-n9n3bnGcVR3xun9zxgPlU3v6CMu8bI8TRQcysCxFw5q76lCu8)),\nsigned three agreements between Sept. 24 and Oct. 4, 2026, to build and\noperate dedicated blockchain networks for clients in climate finance, sports\nmedia and insurance, all running on MindChain.\n\nThe three agreements follow the same model. MindWave builds and runs a\ndedicated network for each client on MindChain and is compensated through\ncontracted fees or equity, together with an allocation equal to 20% of the\ncredits or tokens issued on that client's network. Two of the three clients\nare U.S. companies, expanding MindWave's U.S. commercial footprint.\n\n\"In 10 days we signed three clients in three very different industries, and\neach one runs on the same MindChain infrastructure,\" said Dr. Vin Menon, Chief\nExecutive Officer of MindWave Innovations Inc. USA. \"Climate credits, match\ntickets and insurance claims have very little in common, but they all need a\nrecord people can trust. That is what we build. Our focus now is delivering\nthese networks on schedule and turning signed agreements into recurring\nrevenue.\"\n\nThree Networks, Three Industries\n\nAQUAEChain: On Sept. 24, MindWave signed a 12-month technology services\nagreement with Singapore-based AQUAE Holdings Pte. Ltd. to deploy MindChain as\nthe infrastructure for AQUAEChain, a platform for issuing, verifying,\ntracking, transferring and retiring ALCI Credits (Aquae Labs Ecosystem\nConservation Index). The platform combines a credit registry, environmental\ndata management and a marketplace, and the MindChain issuance ledger records\neach credit from issuance to retirement. AQUAE leads the methodology, brand\nand market development. MindWave earns service fees plus an allocation equal\nto 20% of the ALCI Credits issued and outstanding.\n\nFlashChain: On Sept. 29, MindWave signed a 12-month software development and\ntechnology services agreement with New York-based Flash Sports & Media\nHoldings, Inc. (FLZH) to build and operate FlashChain, a dedicated MindChain\nsubnet that authenticates digital match tickets, sports memorabilia and media\nassets. MindWave will connect FLZH's FLASHSM streaming application, online\nticketing platforms and stadium gate scanners to the network, while FLZH owns\nFlashChain, its brand and its Digital Asset and Ticketing Ledger. MindWave\nwill receive FLZH common shares and an allocation equal to 20% of the total\nsupply of FLASH TOKEN.\n\nAssureChain: On Oct. 4, MindWave signed a 2-year master agreement with\nDelaware-based BlockAssure Inc. to build and operate AssureChain, an insurance\nand reinsurance network that runs as a subnet of MindChain. Contracts,\npolicies, premium and payment entries, reinsurance treaties and claims all run\non AssureChain, and a data oracle allows parametric claims to trigger\nautomatically when pre-agreed thresholds are met. MindChain handles settlement\nand anchors records to Ethereum, and each module will be independently\nsecurity-audited before production. MindWave is BlockAssure's exclusive\nblockchain provider for AssureChain and will earn quarterly development fees\nplus an allocation equal to 20% of the total supply of AssureCoin.\n\nOne Infrastructure, a Repeatable Model\n\nAll three networks run on the same MindChain infrastructure, so each new\nclient adds activity to a shared platform rather than requiring a separate\none. For every network, MindWave handles deployment, operates the validator\nnodes and provides ongoing technical support, while the client leads its own\nbrand, market and regulatory strategy. Clients get a blockchain network of\ntheir own without building the underlying infrastructure themselves.\n\nThe model gives MindWave more than one way to benefit from each client's\nsuccess. Contracted fees or equity provide consideration during the build, and\nthe 20% allocations give MindWave a continuing position in each network it\nhelps create.\n\nNext Steps\n\nFor each client network, technical specifications, delivery timelines and\nacceptance criteria are set out in a statement of work, with development\ndelivered against agreed milestones. MindWave will report progress as each\nmilestone is reached and as each network goes into operation.\n\nRequired Going Concern Disclosure\n\nAs previously noted in its Annual Report on Form 10-K for the fiscal year\nended December 31, 2025, which was filed with the Securities and Exchange\nCommission on May 4, 2026, Apimeds Pharmaceuticals US, Inc. (NYSE American:\nAPUS) (the “Company”) announces that the audited consolidated financial\nstatements included in the Annual Report contained an audit report from its\nindependent registered public accounting firm, Kreit & Chiu CPA LLP, with an\nexplanatory paragraph stating that there is substantial doubt about the\nCompany’s ability to continue as a going concern. This announcement is made\npursuant to Sections 401(h) and 610(b) of the NYSE American Company Guide and\ndoes not represent any change or amendment to any of the Company’s filings\nfor the fiscal year ended December 31, 2025.\n\nAbout MindWave Innovations Inc. USA\n\nMindWave Innovations Inc. USA, a wholly owned subsidiary of Apimeds\nPharmaceuticals US, Inc. (NYSE American: APUS\n(https://www.globenewswire.com/Tracker?data=7ITvx_sAINbWDp-fbUwcan1dT-kmRjapU8Jo4MDWkXwdAgrNpQXdhrT6aVZLpCQOmXBsQL_7QDKLhtPSUzMngrDTHpbZBES9sQEmrFqMkuQNz3e_01_bKReJbZd7aTG5)),\ndevelops technology infrastructure and digital solutions for\nblockchain-enabled applications, data-driven platforms, and emerging\ncommercial ecosystems.\n\nThrough projects such as AQUAEChain, FlashChain and AssureChain, MindWave is\nexpanding the application of its technology into climate finance, sports media\nand insurance.\n\nFor more information, visit www.mindwaveinnovations.com\n\nAbout MindChain\n\nMindChain is a blockchain infrastructure developed within the MindWave\necosystem to support transparent, traceable, and verifiable digital\ntransactions. It is designed to provide the underlying ledger capabilities\nrequired for applications involving digital assets, registries, tokenized\necosystems, and decentralized services.\n\nForward-Looking Statements\n\nThis announcement contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995, including statements\nregarding the development and operation of AQUAEChain, FlashChain and\nAssureChain, and the receipt of fees, equity and token or credit allocations.\nThese statements are based on current expectations and are subject to risks\nand uncertainties, including the Company's ability to raise additional capital\nto fund its operations and continue as a going concern, development timelines,\nachievement of project milestones, acceptance testing, technical performance,\nnetwork scalability, integration with third-party systems and hardware, the\nvalue of equity and token consideration, regulatory requirements applicable to\ndigital assets, and market acceptance, as well as the other risks described\nunder \"Risk Factors\" in the Company's Annual Report on Form 10-K for the\nfiscal year ended December 31, 2025 and its other filings with the Securities\nand Exchange Commission. Actual results may differ materially from those\nexpressed or implied. The Company and MindWave undertake no obligation to\nupdate these statements except as required by applicable law.\n\nMedia and Investor Relations\nMindWave Innovations Inc. USA\n\nWebsite : https://www.mindwaveinnovations.com\nEmail : contact@mindwaveinnovations.com\n\nCorporate Communications\n(https://www.globenewswire.com/Tracker?data=dcImKBL6uCARGAxxglu4_QN7rJrZvuVGhWdGVgzcAmPpFp8SsiOjCunXVHUNZY3YiajCE8DSQzOZaDHF5cLwuhBOApW4HleW4B4JIEZRwy3YkErCK68LIeCUJNgLgFGv4AisCVEOBshJH0M7iNdOAA==):\nIBN.Ai\nAustin, Texas\nwww.IBN.Ai\n512.354.7000 Office\nEditor@IBN.Ai\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/78aac141-558d-4345-85df-d00bb59a0ea2)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX2mn4Qr-20261009","title":"MindWave Innovations Signs 3 Client Network Agreements in 10 Days, Extending MindChain into Climate Finance, Sports Media and Insurance; Apimeds Pharmaceuticals US Provides Required NYSE American Disclosure ","author":"Globe Newswire","ticker":"APUS","created":"2026-10-09T22:00:00.094Z","tickers":["APUS"],"exchange":"NYSE American","article_body":"MATAWAN, N.J., Oct. 09, 2026 (GLOBE NEWSWIRE) -- via IBN – MindWave\nInnovations Inc. USA\n(https://www.globenewswire.com/Tracker?data=Vu0Fd54xnduB9Wt0sUUF7-nmfJ_m86uV1OkzkNOemWOy-sNLet3qiVQycsQdYPXhDZWzxFtCmkSQV5KT5emw5S5X-Rlk5sZKirGr2skD8tXU4_wInNrYO1raCJGT8rA1)\n(\"MindWave\"), a wholly owned subsidiary of Apimeds Pharmaceuticals US, Inc.\n(NYSE American: APUS\n(https://www.globenewswire.com/Tracker?data=7ITvx_sAINbWDp-fbUwcaglV3ZlzohQkWXSe9UnPzFz50F9QSYb93ToHJ_XBWpqB1gYIBDUjFKpkOm-n9n3bnGcVR3xun9zxgPlU3v6CMu8bI8TRQcysCxFw5q76lCu8)),\nsigned three agreements between Sept. 24 and Oct. 4, 2026, to build and\noperate dedicated blockchain networks for clients in climate finance, sports\nmedia and insurance, all running on MindChain.\n\nThe three agreements follow the same model. MindWave builds and runs a\ndedicated network for each client on MindChain and is compensated through\ncontracted fees or equity, together with an allocation equal to 20% of the\ncredits or tokens issued on that client's network. Two of the three clients\nare U.S. companies, expanding MindWave's U.S. commercial footprint.\n\n\"In 10 days we signed three clients in three very different industries, and\neach one runs on the same MindChain infrastructure,\" said Dr. Vin Menon, Chief\nExecutive Officer of MindWave Innovations Inc. USA. \"Climate credits, match\ntickets and insurance claims have very little in common, but they all need a\nrecord people can trust. That is what we build. Our focus now is delivering\nthese networks on schedule and turning signed agreements into recurring\nrevenue.\"\n\nThree Networks, Three Industries\n\nAQUAEChain: On Sept. 24, MindWave signed a 12-month technology services\nagreement with Singapore-based AQUAE Holdings Pte. Ltd. to deploy MindChain as\nthe infrastructure for AQUAEChain, a platform for issuing, verifying,\ntracking, transferring and retiring ALCI Credits (Aquae Labs Ecosystem\nConservation Index). The platform combines a credit registry, environmental\ndata management and a marketplace, and the MindChain issuance ledger records\neach credit from issuance to retirement. AQUAE leads the methodology, brand\nand market development. MindWave earns service fees plus an allocation equal\nto 20% of the ALCI Credits issued and outstanding.\n\nFlashChain: On Sept. 29, MindWave signed a 12-month software development and\ntechnology services agreement with New York-based Flash Sports & Media\nHoldings, Inc. (FLZH) to build and operate FlashChain, a dedicated MindChain\nsubnet that authenticates digital match tickets, sports memorabilia and media\nassets. MindWave will connect FLZH's FLASHSM streaming application, online\nticketing platforms and stadium gate scanners to the network, while FLZH owns\nFlashChain, its brand and its Digital Asset and Ticketing Ledger. MindWave\nwill receive FLZH common shares and an allocation equal to 20% of the total\nsupply of FLASH TOKEN.\n\nAssureChain: On Oct. 4, MindWave signed a 2-year master agreement with\nDelaware-based BlockAssure Inc. to build and operate AssureChain, an insurance\nand reinsurance network that runs as a subnet of MindChain. Contracts,\npolicies, premium and payment entries, reinsurance treaties and claims all run\non AssureChain, and a data oracle allows parametric claims to trigger\nautomatically when pre-agreed thresholds are met. MindChain handles settlement\nand anchors records to Ethereum, and each module will be independently\nsecurity-audited before production. MindWave is BlockAssure's exclusive\nblockchain provider for AssureChain and will earn quarterly development fees\nplus an allocation equal to 20% of the total supply of AssureCoin.\n\nOne Infrastructure, a Repeatable Model\n\nAll three networks run on the same MindChain infrastructure, so each new\nclient adds activity to a shared platform rather than requiring a separate\none. For every network, MindWave handles deployment, operates the validator\nnodes and provides ongoing technical support, while the client leads its own\nbrand, market and regulatory strategy. Clients get a blockchain network of\ntheir own without building the underlying infrastructure themselves.\n\nThe model gives MindWave more than one way to benefit from each client's\nsuccess. Contracted fees or equity provide consideration during the build, and\nthe 20% allocations give MindWave a continuing position in each network it\nhelps create.\n\nNext Steps\n\nFor each client network, technical specifications, delivery timelines and\nacceptance criteria are set out in a statement of work, with development\ndelivered against agreed milestones. MindWave will report progress as each\nmilestone is reached and as each network goes into operation.\n\nRequired Going Concern Disclosure\n\nAs previously noted in its Annual Report on Form 10-K for the fiscal year\nended December 31, 2025, which was filed with the Securities and Exchange\nCommission on May 4, 2026, Apimeds Pharmaceuticals US, Inc. (NYSE American:\nAPUS) (the “Company”) announces that the audited consolidated financial\nstatements included in the Annual Report contained an audit report from its\nindependent registered public accounting firm, Kreit & Chiu CPA LLP, with an\nexplanatory paragraph stating that there is substantial doubt about the\nCompany’s ability to continue as a going concern. This announcement is made\npursuant to Sections 401(h) and 610(b) of the NYSE American Company Guide and\ndoes not represent any change or amendment to any of the Company’s filings\nfor the fiscal year ended December 31, 2025.\n\nAbout MindWave Innovations Inc. USA\n\nMindWave Innovations Inc. USA, a wholly owned subsidiary of Apimeds\nPharmaceuticals US, Inc. (NYSE American: APUS\n(https://www.globenewswire.com/Tracker?data=7ITvx_sAINbWDp-fbUwcan1dT-kmRjapU8Jo4MDWkXwdAgrNpQXdhrT6aVZLpCQOmXBsQL_7QDKLhtPSUzMngrDTHpbZBES9sQEmrFqMkuQNz3e_01_bKReJbZd7aTG5)),\ndevelops technology infrastructure and digital solutions for\nblockchain-enabled applications, data-driven platforms, and emerging\ncommercial ecosystems.\n\nThrough projects such as AQUAEChain, FlashChain and AssureChain, MindWave is\nexpanding the application of its technology into climate finance, sports media\nand insurance.\n\nFor more information, visit www.mindwaveinnovations.com\n\nAbout MindChain\n\nMindChain is a blockchain infrastructure developed within the MindWave\necosystem to support transparent, traceable, and verifiable digital\ntransactions. It is designed to provide the underlying ledger capabilities\nrequired for applications involving digital assets, registries, tokenized\necosystems, and decentralized services.\n\nForward-Looking Statements\n\nThis announcement contains forward-looking statements within the meaning of\nthe Private Securities Litigation Reform Act of 1995, including statements\nregarding the development and operation of AQUAEChain, FlashChain and\nAssureChain, and the receipt of fees, equity and token or credit allocations.\nThese statements are based on current expectations and are subject to risks\nand uncertainties, including the Company's ability to raise additional capital\nto fund its operations and continue as a going concern, development timelines,\nachievement of project milestones, acceptance testing, technical performance,\nnetwork scalability, integration with third-party systems and hardware, the\nvalue of equity and token consideration, regulatory requirements applicable to\ndigital assets, and market acceptance, as well as the other risks described\nunder \"Risk Factors\" in the Company's Annual Report on Form 10-K for the\nfiscal year ended December 31, 2025 and its other filings with the Securities\nand Exchange Commission. Actual results may differ materially from those\nexpressed or implied. The Company and MindWave undertake no obligation to\nupdate these statements except as required by applicable law.\n\nMedia and Investor Relations\nMindWave Innovations Inc. USA\n\nWebsite : https://www.mindwaveinnovations.com\nEmail : contact@mindwaveinnovations.com\n\nCorporate Communications\n(https://www.globenewswire.com/Tracker?data=dcImKBL6uCARGAxxglu4_QN7rJrZvuVGhWdGVgzcAmPpFp8SsiOjCunXVHUNZY3YiajCE8DSQzOZaDHF5cLwuhBOApW4HleW4B4JIEZRwy3YkErCK68LIeCUJNgLgFGv4AisCVEOBshJH0M7iNdOAA==):\nIBN.Ai\nAustin, Texas\nwww.IBN.Ai\n512.354.7000 Office\nEditor@IBN.Ai\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/78aac141-558d-4345-85df-d00bb59a0ea2)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-09T22:00:00.137898074Z","server_sent_at_ms":1791583200137},"received_at":"2026-10-09T22:00:00.188Z","source_url":null},"analysis":{"id":"154183","press_release_id":"165798","analysis_json":{"industry":{"label":"Software","sector":"Information Technology"},"redFlags":["going-concern doubt disclosed in fiscal 2025 10-K audit report (Kreit & Chiu CPA LLP)","consideration partly in equity and tokens (FLZH shares, FLASH TOKEN, AssureCoin, ALCI Credits) with uncertain value","revenue contingent on milestone acceptance and client market/regulatory strategies"],"eventType":"operations_update","narrative":"MindWave Innovations, a wholly owned subsidiary of Apimeds Pharmaceuticals US (APUS), signed three client agreements between Sept. 24 and Oct. 4, 2026 to build and operate dedicated blockchain networks for clients in climate finance, sports media and insurance.\n\nAll three networks (AQUAEChain, FlashChain and AssureChain) run on MindChain, with MindWave earning contracted fees or equity plus an allocation equal to 20% of the credits or tokens issued on each client network; two of the three clients are U.S. companies.\n\nThe release also includes a required NYSE American disclosure confirming the auditor's audit report for fiscal 2025 contained an explanatory paragraph stating substantial doubt about APUS's ability to continue as a going concern.\n\nRevenue conversion depends on hitting development milestones in statements of work, and the company's own risk factors flag the need to raise additional capital to fund operations.","sentiment":"mixed","agentHooks":{"shouldPost":true,"suggestedAngle":"Three MindChain client wins in 10 days gives APUS a repeatable commercial model, but the going-concern disclosure is the dominant risk."},"keyFigures":{"customDimensions":{"contract_terms":["AQUAEChain 12-month agreement","FlashChain 12-month agreement","AssureChain 2-year master agreement"],"token_allocation":"20% of credits/tokens issued on each client network","new_client_contracts":3}},"quotedText":"there is substantial doubt about the Company’s ability to continue as a going concern","namedEntities":{"people":[{"name":"Dr. Vin Menon","role":"CEO, MindWave Innovations Inc. USA"}],"products":["MindChain","AQUAEChain","ALCI Credits","FlashChain","FLASH TOKEN","FLASHSM","AssureChain","AssureCoin"],"companies":[{"name":"Apimeds Pharmaceuticals US, Inc.","ticker":"APUS","relationship":"parent of MindWave (filer)"},{"name":"MindWave Innovations Inc. USA","relationship":"wholly owned subsidiary of filer"},{"name":"AQUAE Holdings Pte. Ltd.","relationship":"client (climate finance)"},{"name":"Flash Sports & Media Holdings, Inc.","ticker":"FLZH","relationship":"client (sports media)"},{"name":"BlockAssure Inc.","relationship":"client (insurance)"},{"name":"Kreit & Chiu CPA LLP","relationship":"independent auditor"},{"name":"IBN.Ai","relationship":"corporate communications"}],"dollarAmounts":[]},"materialImpact":{"score":3,"reasoning":"Three new client agreements in 10 days extend the MindChain business model across climate finance, sports media and insurance with fee, equity and 20% token-allocation economics; however, the release also carries a required NYSE American disclosure reiterating substantial doubt about APUS's ability to continue as a going concern, which tempers the positives."},"tickerRelevance":{"others":[{"ticker":"FLZH","relevance":"client/partner"}],"primary":"APUS"},"globalImportance":22,"audienceRelevance":18,"eventTypeSecondary":["partnership"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"client-contract-wins-plus-going-concern-disclosure","issuerAuthored":true,"retailFavoriteBoost":false}},"event_type":"operations_update","event_type_secondary":["partnership"],"sentiment":"mixed","material_impact_score":3,"narrative":"MindWave Innovations, a wholly owned subsidiary of Apimeds Pharmaceuticals US (APUS), signed three client agreements between Sept. 24 and Oct. 4, 2026 to build and operate dedicated blockchain networks for clients in climate finance, sports media and insurance.\n\nAll three networks (AQUAEChain, FlashChain and AssureChain) run on MindChain, with MindWave earning contracted fees or equity plus an allocation equal to 20% of the credits or tokens issued on each client network; two of the three clients are U.S. companies.\n\nThe release also includes a required NYSE American disclosure confirming the auditor's audit report for fiscal 2025 contained an explanatory paragraph stating substantial doubt about APUS's ability to continue as a going concern.\n\nRevenue conversion depends on hitting development milestones in statements of work, and the company's own risk factors flag the need to raise additional capital to fund operations.","key_figures":{"customDimensions":{"contract_terms":["AQUAEChain 12-month agreement","FlashChain 12-month agreement","AssureChain 2-year master agreement"],"token_allocation":"20% of credits/tokens issued on each client network","new_client_contracts":3}},"named_entities":{"people":[{"name":"Dr. Vin Menon","role":"CEO, MindWave Innovations Inc. USA"}],"products":["MindChain","AQUAEChain","ALCI Credits","FlashChain","FLASH TOKEN","FLASHSM","AssureChain","AssureCoin"],"companies":[{"name":"Apimeds Pharmaceuticals US, Inc.","ticker":"APUS","relationship":"parent of MindWave (filer)"},{"name":"MindWave Innovations Inc. USA","relationship":"wholly owned subsidiary of filer"},{"name":"AQUAE Holdings Pte. Ltd.","relationship":"client (climate finance)"},{"name":"Flash Sports & Media Holdings, Inc.","ticker":"FLZH","relationship":"client (sports media)"},{"name":"BlockAssure Inc.","relationship":"client (insurance)"},{"name":"Kreit & Chiu CPA LLP","relationship":"independent auditor"},{"name":"IBN.Ai","relationship":"corporate communications"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-09T22:00:05.694Z","global_importance":22,"audience_relevance":18,"importance_components":{"tickerTier":"micro-cap","eventGravity":"client-contract-wins-plus-going-concern-disclosure","issuerAuthored":true,"retailFavoriteBoost":false}},"durationMs":5491,"modelName":"glm-5.3-flashx"}}