Solesence Inc (SLSN) — Who Owns This Stock? 13F Breakdown (Q2 2026)

Solésence (ticker: SLSN) uncovered accounting errors while preparing its Q2 2026 financials: the way it historically allocated labor and overhead into inventory relied on budget-based percentages that weren't well supported and fell short of the requirements of accounting standard ASC 330. As a result, inventories were overstated and cost of revenue was misstated, rippling through gross profit, operating income, net income, EPS and equity. On August 17, 2026, the audit committee, board and executives concluded that financial statements spanning ten reporting periods — from fiscal year 2023 through Q1 2026 — can no longer be relied upon and must be restated, with amended annual and quarterly filings expected in the coming weeks.

AI summary pending

Solésence, Inc., through its wholly owned subsidiary Solésence, LLC, entered into a Settlement Agreement with Refy Beauty Ltd to resolve disputes over certain consumer care products. Under the agreement, Solésence will pay the British Pound Sterling equivalent of $938,000 in twelve equal installments of $78,166.66, starting August 5, 2026. The parties also agreed to a six-month exclusivity period for developing a new SPF product and potentially negotiating a new supply agreement. If a supply agreement is reached, the final six installment payments would be credited toward purchases under that agreement.