Panamera Holdings Corporation

What they do

Panamera Holdings was incorporated in 2014 as Panamera Healthcare Corporation and renamed in 2021. It originally intended to provide management and consulting services to healthcare organizations, but current management has redirected efforts to environmental services and emerging innovative technologies. Its only current operating activity is scrap-metal trading: it buys raw material, including from a company controlled by a related party, and resells it, including to a related-party customer.

Revenue drivers

• Scrap metal / raw material sales — Fiscal 2025 revenue was $241,430, all from sales of raw material including $115,153 to a company controlled by a related party. Cost of revenue was $179,915, including $19,100 of raw material purchased from a related party.
• Healthcare consulting (discontinued) — A March 1, 2022 consulting agreement with First DP Ventures, LP at $8,333 per month generated $66,667 of related-party revenue and $3,924 of income in fiscal 2024; it was terminated March 29, 2024.
• Rain Cage Carbon agreement — On August 1, 2025 the company entered an agreement with Rain Cage Carbon, Inc. to provide carbon capture capabilities to coal and other energy plants; no revenue from this has been reported.

Recent performance

Fiscal 2025 (year ended July 31, 2025) revenue was $241,430, up from $19,643 in fiscal 2024, with cost of revenue of $179,915 versus $11,549. Fiscal 2025 net loss was $536,414, compared with a $15,245,007 loss in fiscal 2024, which included $7,506,741 of stock-based compensation and a $7,548,000 impairment on an acquisition that was not completed. Operating cash flow was negative $515,320 in fiscal 2025 versus negative $99,380 in fiscal 2024. At April 30, 2026 the company reported total assets of $95,349, total liabilities of $4.3 million, negative shareholder equity of $4.2 million, and cash of $46. Quarterly revenue was $0 in both the quarters ended October 31, 2025 and April 30, 2026, and $139,500 in the quarter ended January 31, 2026.

Strategy

Management states it is seeking new business opportunities with established operating entities to merge with or acquire, emphasizing the environmental services industry and emerging innovative technologies. The company has an agreement with Rain Cage Carbon, Inc. to provide carbon capture capabilities to coal and other energy plants, which it says will enhance its ability to raise equity capital and focus on metals recycling, domestically sourced critical earth materials from recycling CO2, and energy production. Leadership changed in 2026: T. Benjamin Jennings ceased serving as CEO effective April 30, 2026 and as Chairman effective June 15, 2026, while Blair Aiken was elected President and interim CEO and named a board member and Chairman effective June 15, 2026. Any acquisition will require additional financing, and the company states it may fund operations through equity financing and related-party advances.

Risks

• Going concern uncertainty — As of July 31, 2025 the company had recurring losses, an accumulated deficit of $23,304,119, and limited revenue of $241,430, and it states these conditions raise substantial doubt about its ability to continue as a going concern for the next twelve months.
• No identified acquisition target — The company has not completed an acquisition and states it can provide no assurance that it will locate compatible business opportunities or acquire the financing needed to pursue its plan.
• Minimal liquidity — At April 30, 2026 the company held $46 of cash against $4.3 million of total liabilities and negative shareholder equity of $4.2 million.
• Related-party concentration — Fiscal 2025 sales included $115,153 to a company controlled by a related party and cost of revenue included $19,100 of raw material purchased from a related party.

Outlook

Management says it is pursuing merger or acquisition opportunities primarily in environmental services and emerging technologies, and points to the August 1, 2025 Rain Cage Carbon agreement and the 2026 leadership changes as steps toward implementing that strategy. The company states any new acquisition or business opportunity will require additional financing and that there is no assurance it can raise such funds; if it cannot, its business may fail. It expects to fund operations through equity financing arrangements and related-party advances, which it says may be insufficient for the year ending July 31, 2026.