HAMMER TECHNOLOGY HOLDINGS CORP.

Hammer Technology Holdings Corp.

Overview

• Industry: Financial services technology (fintech)
• Core platform: HammerPay — a mobile payments platform offering a digital stored value system, digital wallet, and neo-banking capabilities for deployment in developed and emerging markets.
• Primary objective: Enable digital commerce between consumers and branded merchants with encrypted, secure remittance and banking transactions.
• Current focus: Following the divestiture of telecommunications assets in late 2024, the company is concentrating on fintech initiatives centered on HammerPay.

Corporate history and corporate actions

• Incorporated in Nevada on September 23, 2010 as Recursos Montana S.A.
• February 2, 2015: Acquired 100% of Tanaris Power Holdings, Inc. via share exchange.
• March 6, 2015: Amended Articles to change name to Tanaris Power Holdings, Inc.
• April 25, 2016: Executed a Share Exchange with Hammer Fiber Optics Investments, Ltd. (HFOI); HFOI became a wholly owned subsidiary.
• April 13–14, 2016: Plan of Merger to merge with Hammer Fiber Optics Holdings Corp. (reverse merger); stock underwent a 1-for-1,000 reverse split.
• May 3, 2016: FINRA approved the merger; shares began trading under ticker HMMR.
• 2018–2019: Acquired 1stPoint Communications LLC, Endstream Communications LLC, Open Data Centers LLC, Shelcomm Inc., and American Network, Inc.
• April 30, 2020: Discontinued operations of Open Data Centers LLC; Piscataway, NJ data center operations shut down.
• October 25, 2021 – January 3, 2022: Share exchange with Telecom Financial Services Limited (TFS); TFS assets tied to fintech operations were renamed HammerPay (USA) Ltd. after closing.
• July 31, 2023: Discontinued operations of Hammer Wireless (SL) Limited (data communications in Sierra Leone).
• August 7, 2024: Agreement to sell telecommunications assets to Viper Networks, Inc.; transaction closed November 1, 2024; Viper issued 2.5 million shares of the company in exchange for the assets (including HammerPay-related holdings).
• September 1, 2024: Board approved amendment to change the company name to Hammer Technology Holdings Corp.
• September 3, 2025: Name change effective.

Current operations and focus

• Business model: Focused on creating sustainable shareholder value through financial services technology.
• HammerPay capabilities: Digital stored value, prepaid merchant-card issuance, digital wallets, issuing and acquiring, and related payments infrastructure. Includes onboarding workflows with KYC/AML and sanctions screening.
• Market approach: Global deployment with emphasis on developing markets; supports digital commerce between consumers and branded merchants with secure, encrypted transactions.
• Corporate strategy: Concentrating on HammerPay and related fintech initiatives following disposal of non-fintech assets.

Employees and facilities

• Employees: Ten total (six full-time, four part-time).
• Facilities: No owned real property; operates from a month-to-month office space arrangement.

Intellectual property

• Proprietary assets supporting HammerPay include:
  • Software codebase, APIs, and middleware for prepaid merchant cards, digital wallets, and real-time settlement.
  • Platform design for onboarding, sanctions screening, and KYC/AML workflows.
  • User experience (UX) and interface assets specific to HammerPay.
  • Trademarks and brand assets (filings in progress in the U.S. and select international markets).
  • Proprietary processes for prepaid merchant card issuance, reseller management, and merchant revenue-sharing.
• Ownership: All intellectual property is owned by the company and governed by a formal IP program covering confidentiality and data security.

Competition

• Competitors: Payoneer, Wise (formerly TransferWise), Stripe Treasury, Marqeta, and other Banking-as-a-Service (BaaS) providers.
• Competitive strengths:
  • Integrated compliance infrastructure for sanctions screening and AML/KYC.
  • Merchant-specific card model that manages cash-out risk.
  • Unified issuing, acquiring, and digital-wallet capabilities via proprietary APIs.
  • Scalable white-label platform for rapid deployment under partner brands, with a focus on African markets and diaspora channels.
• Competitive challenges:
  • Larger, more widely recognized global brands and broader regulatory footprints.
  • Ongoing investments required for platform certification, licensing, and user acquisition.

Financial position and disclosures

• Going concern: The company reports it has sustained losses since inception and communicates substantial doubt about its ability to continue as a going concern without additional financing.
• Dividends: The company does not anticipate paying cash dividends to common shareholders in the foreseeable future.
• Stock liquidity: Common stock has historically been thinly traded and may be subject to price volatility, which can be exacerbated by penny-stock status.

Other information

• Website: http://www.hmmrgroup.com
• SEC filings: Accessible via the investor relations section of the company website.
• 10-K risk disclosures: Emphasize cybersecurity and IT dependencies, regulatory and compliance risks, potential privacy breaches, supplier labor-practice impacts, and the need to attract and retain qualified personnel.