Dalrada Technology Group, Inc. Receives Notice of Default on Term Loan

Key Developments

• Date of Event: April 24, 2026
• Company Involved: Dalrada Technology Group, Inc. and certain subsidiaries
• Event: Receipt of a notice of default from Nautilus Parent Holdings, LLC (successor-in-interest to OnPoint LTB, LLC) and Nautilus Funding Solutions, LLC – Series XIII
• Form Filed: 8-K (Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement)
• Report Filed Date: April 30, 2026
• CEO and Chairman: Brian Bonar

Detailed Summary

On April 24, 2026, Dalrada Technology Group, Inc. (“the Company”), together with certain of its subsidiaries, received a notice of default from legal counsel to Nautilus Parent Holdings, LLC and Nautilus Funding Solutions, LLC – Series XIII (collectively, the “Lender”). This notice pertains to one or more term loans or related financial obligations for which Dalrada and its subsidiaries are responsible.

The default notice may trigger acceleration or increase of a direct financial obligation, or obligations under any off-balance sheet arrangements that the Company may have. This could potentially result in the loans being called immediately due and payable, or other enforcement actions being initiated by the Lender.

Dalrada’s Response: The Company has stated that it is currently reviewing the notice and intends to enter into discussions with the Lender to resolve the outstanding obligations. However, Dalrada cautions that there is no assurance the defaults will be cured, the loans will not be accelerated, or that enforcement actions will not be pursued. This uncertainty presents a significant financial and operational risk for the Company.

Potential Shareholder Impact and Price Sensitivity

• Financial Risk: The notice of default could lead to the acceleration of loan repayments, which may impact Dalrada’s cash flow, liquidity, and overall financial stability. If the Company is unable to cure the default or negotiate a favorable resolution, it could face severe financial consequences, including potential bankruptcy proceedings or the forced sale of assets.
• Uncertainty: The absence of assurance regarding a resolution increases the risk profile of the Company. Investors should be aware that further negative developments could impact the Company’s share price adversely.
• No Exchange Listing: The report confirms that Dalrada’s securities are not currently listed on any national exchange, which may further limit liquidity and exacerbate price volatility in the event of negative news.
• Leadership: The filing has been signed by Brian Bonar, Chief Executive Officer and Chairman, indicating the highest level of executive involvement in addressing this issue.
• No Emerging Growth Company Status: Dalrada does not qualify as an emerging growth company, so it is not eligible for certain regulatory accommodations that could ease financial reporting or compliance burdens during periods of distress.

What Investors Should Watch

1. Ongoing Negotiations: Monitor for further updates from Dalrada regarding negotiations with the Lender and any agreements reached to cure the default.
2. Potential Acceleration: Watch for any announcements of loan acceleration or legal action by the Lender, as these would be material events likely to impact shareholder value.
3. Company Guidance: Be alert for any revised financial forecasts, strategic actions, or changes in management’s assessment of the situation.

Conclusion

The receipt of a default notice is a material, potentially price-sensitive event for Dalrada Technology Group, Inc. It introduces substantial uncertainty and possible financial distress for the Company. Shareholders and prospective investors should exercise caution and closely monitor all future disclosures from Dalrada regarding this matter.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should perform their own due diligence and consult with professional advisors before making investment decisions. The information herein is based on the Company’s SEC filings as of the date indicated and may be subject to change without notice.

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