UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events
On July 28th, the Seoul Central District Court (62nd Civil Division) issued a ruling against Franklin Technology Inc. (“FTI”), a South Korea-based subsidiary of Franklin Wireless Corp. (the “Company”), in a legal proceeding brought by Partron Co., Ltd. (“Partron”).
The court ordered FTI to pay damages to Partron in the amount of approximately $3,673,336 USD, plus accrued interest at a rate of 5% per annum from November 4, 2022 through July 16, 2026, and ongoing post-judgment interest at a rate of 12% per annum from July 17, 2026 until full payment is made. The dispute relates to a commercial contract for the development and production of devices.
The Company, through FTI, is currently reviewing the court’s written decision with its legal counsel to evaluate all available legal options, including filing an appeal to a higher court. The Company intends to vigorously defend its position.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| FRANKLIN WIRELESS CORP. | ||
Date: July 31, 2026 |
By: | /s/ OC Kim |
| OC Kim, President | ||
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