SDR Drone, Inc.: identifies two prior regulatory orders

What happened SDR Drone, Inc. reported that, in a review of its corporate and regulatory history undertaken by the company’s current management following the change in control that closed on Jun 9, 2026, it identified two administrative orders entered against it while operating under the corporate name of Hallmark Venture Group, Inc. and against Robert L. Cashman, a former officer and director. The orders are a Desist and Refrain Order issued by the California Commissioner of Business Oversight dated Nov 25, 2014, and a Consent Order entered by the Securities Commissioner of South Carolina dated Jul 27, 2018. The company is filing this Current Report to describe the orders and the company’s assessment of their effects, including on the company’s pending offering under Regulation A.

Key details

• Review conducted by current management after change in control closed on Jun 9, 2026.
• Desist and Refrain Order: California Commissioner of Business Oversight, Nov 25, 2014.
• Consent Order: Securities Commissioner of South Carolina, Administrative Proceeding File No. 20166600, entered Jul 27, 2018.
• Orders were entered against the company while it was Hallmark Venture Group, Inc. and against Robert L. Cashman, a former officer and director.

Why it may matter The filing reports Item 8.01: Other events, describing the two prior administrative orders and the company’s assessment of their effects on the company and its pending offering under Regulation A. A filing does not show why the insider traded or why the company acted.