Integral Technologies, Inc. is a Nevada-based blank check company with minimal recent operations, primarily holding intellectual property assets and seeking a business combination in the US.

# Company Summary: Integral Technologies, Inc.

## Business Overview
- **Type:** Blank check or shell company (special purpose acquisition company).
- **Incorporation Date:** February 12, 1996.
- **Location:** State of Nevada.
- **Current Operations:** Minimal, with little to no material business activity since 2018.
- **Agency Engagement:** Engaged Ascentaur, LLC to assist in identifying prospective partners or target companies for acquisition.
- **Main Strategy:** Seek a business combination by acquiring an operating business in the U.S., including potentially through a reverse merger.
- **Financial Status:**
  - Has not generated material revenues since 2018.
  - Nominal sources of revenue.
  - No specific current business plan or operational purpose.
  - Approximately **$4.24 million** in outstanding debt (including accrued interest, penalties, and fees).
- **Employees:** As of June 9, 2025, the company had **one officer and two directors** (no additional employees).

## Core Product Development
- **ElectriPlast®:** An innovative electrically and thermally conductive resin-based material.
  - **Description:** A compounded formulation of resin doped with proprietary micron conductive materials, molded into-shaped plastic components.
  - **Features:** Non-corrosive, durable, lightweight (40-60% weight reduction compared to metal).
  - **Applications:** Antennas, EMI shielding, lighting circuitry, switch actuators, resistors, batteries, medical devices, thermal management, cable connector bodies, among others.

## Past Technology Sale
- In 2019, sold bipolar plate (“biplate”) technology to **Pivotal Battery Corp**, where James Eagan, the company’s Chairman, is also the Chairman.
- Sale terms:
  - Purchase price of **$2 million** plus **1.5 million shares** of Pivotal’s stock.
  - Pivotal has paid $422,800 so far, which is considered additional consideration.
  - Pivotal has obtained two patents and prototypes for batteries.
- Recent developments include a September 2023 agreement transferring ownership of Series B Shares and a termination of obligations related to the purchase agreement, including a plan to distribute **2 million shares** of Pivotal stock to shareholders of Integral.

## Market and Competition
- Faces substantial competition from other venture capital firms, blank check companies, wealthy investors, and larger entities with greater resources.
- Efforts are hampered by limited financial and human resources.
- Economic downturns (e.g., COVID-19 pandemic) have increased competition and difficulty in acquiring businesses at favorable terms.
- Market entry barriers expected to increase due to reduced demand and higher raw material costs.

## Additional Notes
- No material revenues and no ongoing operations, with a focus on finding a suitable business partner or target for acquisition.
- The company’s primary assets are its intellectual property related to ElectriPlast® and its past sale of biplate technology.
- Becomes subject to SEC reporting and regulatory requirements as it seeks to complete its business plan.

Integral Technologies, Inc. is a shell company incorporated in Nevada, primarily seeking to acquire an operating business, while currently facing financial challenges and having minimal operations since 2018.

# Company Overview Summary: Integral Technologies, Inc.

**Business Structure and Operations:**
- **Incorporation:** Integral Technologies, Inc. was incorporated in Nevada on February 12, 1996.
- **Type of Company:** Classified as a "blank check" or "shell" company, primarily looking to acquire an operating business.
- **Current Operations:** The Company currently has minimal operations, primarily generating nominal revenue from two license agreements, having not generated material revenues since 2018.

**Revenue and Financial Status:**
- **Historical Revenue:** Since 2018, Integral has not realized substantial revenue and does not expect to do so in the immediate future. As of the filing date, the company reported approximately $7,000,000 in outstanding debt.
- **Losses:** The company has reported losses from operations since its inception and has never achieved positive cash flow. The inability to generate revenue and recurring losses has raised substantial doubt regarding its ability to continue as a going concern.
  
**Business Focus:**
- **Strategic Intent:** The Company is actively evaluating strategic alternatives, including a potential reverse merger with an operating entity in the U.S. 
- **Consulting Support:** Integral has engaged Ascentaur, LLC, a business consulting firm, to assist in identifying potential acquisition partners.

**Intellectual Property:**
- **ElectriPlast®:** Integral has developed an innovative electrically and thermally conductive resin-based material called ElectriPlast®, which is used as a non-corrosive, durable, conductive plastic alternative to metals in various applications, including antennas, EMI shielding, and medical devices.

**Recent Transactions:**
- In 2019, Integral sold its bipolar plate technology to Pivotal Battery Corp. Subsequently, on September 15, 2023, Integral and Pivotal entered into a Termination and Release Agreement affecting their prior commitments regarding the technology and shares.

**Employee and Customer Base:**
- **Employees:** As of September 25, 2024, Integral has just one officer and two directors, with no other employees.
- **Customers:** The Company does not specify the number of customers it serves due to its minimal current operations.

**Strategic Challenges:**
- **Market Positioning:** Integral faces competition from other venture capital firms and similar companies for viable acquisition opportunities.
- **Debt Reliance:** The Company relies on debt holders to fund its operational needs, which could adversely impact any business combination effort if not converted to equity.

**Overall Summary:** Integral Technologies, Inc. is in a transitional phase, seeking to restore operational viability through strategic acquisitions while currently facing financial and operational challenges. The Company has no significant revenue or active customer base, limited employees, and is engaged in finding a sustainable business strategy moving forward.

INTEGRAL TECHNOLOGIES INC

10-K / June 9, 2025

10-K / September 26, 2024

10-K / June 9, 2025

Company Summary: Integral Technologies, Inc.

Business Overview

Core Product Development

Past Technology Sale

Market and Competition

Additional Notes