Starfighters Space, Inc.

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures are designed to ensure that information required to be disclosed by us in our Exchange Act reports is recorded, processed, summarized, and reported within the time periods specified in the SEC's rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Under the supervision and with the participation of our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures as of the end of the fiscal period ended June 30, 2026, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Based on this evaluation, our principal executive officer and principal financial officer concluded that during the period covered by this report, our disclosure controls and procedures were not effective as our management has identified material weaknesses.

Material Weaknesses

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of our annual financial statements will not be prevented or detected in a timely manner.

The Company has identified the following material weaknesses:

• Insufficient segregation of duties, oversight of work performed and lack of compensating controls in our finance and accounting functions, including, without limitation, the processing, review and authorization of all routine, non-routine, and related party transactions, due to limited personnel and resources;

• Lack of controls over banking authorities, including the opening of and custody over bank accounts, and the review and approval over cash disbursements; and

• Lack of controls around complex accounting of significant transactions, inclusive of financial instruments.

Remediation Efforts to Address the Identified Material Weaknesses

We plan to enhance our processes to identify and appropriately apply applicable accounting requirements to better evaluate debt and stock-based compensation accounting requirements that apply to our financial statements, and to improve robustness of controls and approvals processes of transactions and disbursements. Our plans at this time include:

• Adopting banking resolutions that limit banking relationships and defining approval authorities to ensure oversight and accountability over the Company's funds;

• Adopting approval thresholds and enforcing dual-approval requirements for material payments, including those of the Company's subsidiaries;

• Adopting board-approved bank account inventory and account-opening authority policy;

• Adopting bank access grant and revocation protocols;

• Providing enhanced access to accounting literature and research materials;

• Increasing communication among our personnel and third-party professionals;

• Enhancing our processes in our treasury functions to improve transparency and control;

• Implementing an enhanced matrix of approval authorities and review requirements on banking transactions;

• Implementing enhanced tracking of payables expenditures, including centralized processing of invoices; and,

• Enhancing vendor communications.

During the quarter ended June 30, 2026, the Company is in the process of implementing the aforementioned controls and procedures, subject to personnel and resource availability. Certain measures, such as adopting of banking resolutions and policies over account opening have been implemented, but efficacy thereof can only be evaluated over time. The elements of our remediation plan can only be accomplished over time, and we can offer no assurance that these initiatives will ultimately have the intended effects.

Changes in Internal Control over Financial Reporting

Except for the material weakness identified and the remediation procedures being implemented by the Company as described above, there was no change in our internal control over financial reporting during the fiscal quarter ended June 30, 2026 covered by this Quarterly Report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act).