UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 3, 2025
iWALLET CORP
(Exact name of registrant as specified in its charter)
NV | 000-56347 | 27-1830013 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
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401 Ryland St., Ste. 200A Reno, NV |
| 89502 |
(Address of principal executive offices) |
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Registrant’s telephone number, including area code: | (858) 610-2958 | |
n/a
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 7.01.Regulation FD Disclosure.
On April 3, 2025, iWallet Corporation (the “Company”) issued a press release announcing reaching a milestone in the development of its next-generation products, the iWallet 2.0 and iPassport. A copy of the press release is attached hereto and furnished as Exhibit 99.1.
This Current Report on Form 8-K does not constitute an offer to purchase securities or a solicitation of an offer to sell any securities or an offer to sell or the solicitation of an offer to purchase any securities, nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful.
The furnishing of the information in this Item 7.01 of this Current Report on Form 8-K is not an admission as to the materiality of such information. The information furnished in this Item 7.01 is intended to be considered in the context of more complete information included in the Company’s filings with the Securities and Exchange Commission (the “SEC”) and other public announcements that the Company has made and may make from time to time by press release or otherwise. The Company undertakes no duty or obligation to update or revise such information, although it may do so from time to time as its management believes is appropriate. Any such updating may be made through the filing of other reports or documents with the SEC, through press releases or through other public disclosures.
The information contained in this Item 7.01 of this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. |
| Description of Exhibit |
| Press Release, dated April 3, 2025 | |
104 |
| Cover Page Interactive Data File (embedded within Inline XBRL document |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| IWALLET CORP |
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Date: April 4, 2025 |
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| By: /s/ Steven Cabouli |
| Steven Cabouli |
| Chief Executive Officer |
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CORRECTION: iWallet Corporation Advances to Final Prototype Stage for iWallet 2.0 and iPassport, Setting New Standards in Premium Security Accessories
Correction to the email address and addition of forward-looking statement.
RENO, NEVADA / ACCESS Newswire / April 3, 2025 / iWallet Corporation (IWAL) today announced it has reached a pivotal milestone in the development of its next-generation products, the iWallet 2.0 and iPassport, with final production prototypes slated for completion by the end of the second quarter of 2025. These products represent a significant leap forward in premium, security-focused accessories, tailored for the modern, mobile lifestyle.
The iWallet 2.0 redefines the everyday wallet with its sleek, compact design and unparalleled security features. Constructed from aerospace-grade titanium, it offers exceptional durability and a lightweight profile, surpassing both steel and carbon fiber in strength-to-weight ratio. Key features include advanced biometric fingerprint authentication, integrated Bluetooth tracking, and robust RFID-blocking technology, ensuring the protection of up to eight credit cards.
Complementing the iWallet 2.0 is the iPassport, a premium travel wallet designed for the discerning global traveler. Crafted from the same high-grade titanium, the iPassport provides secure storage for passports, credit cards, and essential travel documents. It mirrors the iWallet 2.0’s advanced security features, including biometric access, Bluetooth tracking, and RFID protection, offering peace of mind during international travel.
iWallet Corporation’s engineering team boasts a distinguished pedigree, comprising talent from leading consumer technology brands, including Apple, Beats by Dre and Motorola. Notably, team members have contributed to the design of the iPad camera and project management for Beats by Dre. iWallet ensures superior build quality by utilizing a manufacturing partner that produces titanium parts for premium smartphones, employing a unique laser-cutting technique to maintain tight tolerances.
“The iWallet 2.0 and iPassport represent a fusion of cutting-edge design, robust security, and practical functionality, catering to the demands of today’s dynamic lifestyles. We’ve elevated our previous innovations by integrating the latest technological advancements,” stated Steven Cabouli, Founder and CEO of iWallet Corporation. “As we approach prototype completion, we are eager to move forward with the launch of these exceptional products.”
In addition, iWallet Corporation has finalized its investor presentation, which will be accessible on its soon-to-be-launched website. The site will feature detailed product showcases, company updates, and comprehensive investor resources.
iWallet Corporation will continue to provide updates and share key milestones through its official communication channels as product development progresses.
About iWallet Corporation
iWallet Corporation (IWAL) is dedicated to creating premium, security-focused accessories that blend innovative design with advanced technology. The company’s products are engineered to meet the needs of the modern, mobile consumer, offering unparalleled protection and functionality.
Forward-Looking Statements
This press release contains forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied in these statements.
Contact Information
STEVEN CABOULI
CEO
info@iwal.tech
(858)610-2958
SOURCE: iWallet Corp.