Elmet Group Co. — Form 8-K

The United States Department of War (DOW) has entered into an investment agreement with The Elmet Group Co., dated September 11, 2026, resulting in issuance of: (1) 450,000 shares of Class A Redeemable Preferred Stock at $1,000 per share stated value (total ~$450M); (2) Penny Warrants to purchase 5,675,506 common shares at $0.001 per share; and (3) Strike Price Warrants to purchase 1,891,835 common shares at $15.92 per share. DOW receives 19.9% voting power, one board seat, and one observer seat. The preferred stock accrues cumulative dividends at 5.5% annually, compounds quarterly, and has liquidation preference senior to common stock. A Restricted Entity Compliance Plan was also adopted to prevent beneficial ownership of 10% or more by restricted foreign entities.