Franklin Wireless Corp. 8-K Filing Summary

Franklin Wireless Corp. reported on July 31, 2026, that its South Korea-based subsidiary, Franklin Technology Inc. (FTI), has been ordered by the Seoul Central District Court to pay approximately $3,673,336 USD in damages to Partron Co., Ltd. This ruling stems from a dispute related to a commercial contract for device development and production. The damages are subject to accrued interest at a rate of 5% per annum from November 4, 2022, through July 16, 2026, and ongoing post-judgment interest at 12% per annum from July 17, 2026, until full payment. FTI is currently reviewing the court's decision with legal counsel to explore all available legal options, including a potential appeal, and the Company intends to vigorously defend its position.