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SOLESENCE, INC.

For the period ended Dec 31, 2025. Filed Mar 31, 2026.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 31, 2026

SLSN$0.86-1.1%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2025

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM_____ TO_____

COMMISSION FILE NUMBER 001-42589

(Exact name of registrant as specified in its charter)

Delaware36-3687863
(State or other jurisdiction(I.R.S. Employer Identification No.)
of incorporation or organization)

**1319 Marquette Drive, Romeoville, Illinois 60446 **

(Address of principal executive offices) (zip code)

Registrant’s telephone number, including area code:(630) 771-6708

SOLESENCE, INC.

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 par value per shareSLSNThe NASDAQ Capital Market

Securities registered pursuant to Section 12(g) of the Act:

Indicate by check mark whether the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐No ☒

Indicate by check mark if the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒Yes ☐ No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐No ☒

The aggregate market value of the registrant’s voting stock held by non-affiliates of the registrant based upon the last reported sale price of the registrant’s common stock on June 30, 2025 was $27,254,231 as of such date.

The number of shares outstanding of the registrant’s common stock, par value $.01, as of March 30*,* 2026 was 70,632,445.

DOCUMENTS INCORPORATED BY REFERENCE

None.

PART I
Item 1.General2
Company Background2
Consumer Products2
Personal Care Ingredients3
Advanced Materials3
Sources and Availability of Raw Materials3
Markets and Distribution4
Research and Development4
Competitive Advantage4
Manufacturing Operations5
Intellectual Property and Proprietary Rights5
Competition5
Governmental Regulations, Including Climate Change6
Employees6
Backlog6
Business Segment and Geographical Information6
Key Customers7
Forward-Looking Statements7
Investor Information7
Item 1A.Risk Factors8
Item 1B.Unresolved Staff Comments8
Item 1C.Cybersecurity8
Item 2.Properties8
Item 3.Legal Proceedings9
Item 4.Mine Safety Disclosures9
PART II
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities10
Item 6.Selected Financial Data10
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations10
Item 7A.Quantitative and Qualitative Disclosures About Market Risk14
Item 8.Financial Statements and Supplementary Data14
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure14
Item 9A.Controls and Procedures14
Item 9B.Other Information15
Item 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections15
PART III
Item 10.Directors, Executive Officers and Corporate Governance16
Item 11.Executive Compensation18
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters22
Item 13.Certain Relationships and Related Transactions, and Director Independence24
Item 14.Principal Accounting Fees and Services24
PART IV
Item 15.Exhibits and Financial Statement Schedules25
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.