Key Highlights

● MindWave, an Apimeds subsidiary, signed two 12-month blockchain services agreements with AQUAE Holdings and Flash Sports & Media.

● In the AQUAE deal, MindWave will deploy MindChain for AQUAEChain and receive service fees plus an allocation of ALCI Credits.

● For FlashChain, MindWave will receive Flash common stock plus FLASH TOKEN, which the press release puts at 20 percent.

● Flash's own 8-K values the stock at US$506,000 and dates its agreement September 28, 2026, a day earlier.

Apimeds Pharmaceuticals US, Inc. (NYSE American:APUS), a NYSE American-listed company based in Matawan, New Jersey, reported in a Form 8-K that its wholly owned Subsidiary MindWave Innovations Inc. has signed two 12-month blockchain services agreements. One, dated September 24, 2026, is with AQUAE Holdings Pte. Ltd. of Singapore. The other, dated September 29, 2026 in this filing, is with Flash Sports & Media Holdings, Inc. (OTC:FLZH), which trades over the counter under the symbol FLZH. The filing was made under Items 8.01 and 9.01, with a press release for each agreement attached, and was signed on September 29, 2026 by Dr. Vin Menon, Co-Chief Executive Officer.

The AQUAE Agreement

Under the first agreement, MindWave will deploy MindChain as the blockchain infrastructure for AQUAEChain, which the filing describes as a platform for the issuance, verification, transfer and retirement of ALCI Credits. The term is 12 months. MindWave's compensation is software development and technology service fees plus an allocation of ALCI Credits. The 8-K does not state the fee amounts, the number of ALCI Credits, or their value, and it does not explain what the credits represent beyond the description of the platform.

The FlashChain Agreement

The second agreement covers FlashChain. The filing says MindWave will deploy and operate a dedicated subnet on MindChain's Layer-2 infrastructure for FlashChain and develop integration and Smart Contract software. The press release says FlashChain is a blockchain network for managing digital broadcasting rights, video Assets and match ticket inventory. MindWave will operate validator nodes and provide cryptographic keys for network access, and it will develop an integration module connecting Flash's streaming app and ticketing platforms to the network. It will also build smart contracts to authenticate digital match tickets and prevent counterfeiting, and will provide monitoring, live-event troubleshooting, network security and staff training. Fan personal data stays off-chain, with only hashed or pseudonymized references recorded.

MindWave's compensation is shares of Flash's common stock and an allocation of FLASH TOKEN, which the press release puts at 20 percent of the token's total supply. It adds that an annual maintenance fee equals 50 percent of the applicable contract consideration. Apimeds' filing does not disclose an aggregate dollar value. Flash's own Form 8-K, filed separately, states that the stock is valued at US$506,000 and dates its agreement September 28, 2026, a day earlier than the date in the Apimeds filing.

The press release quotes Dr. Menon, identified there as MindWave's Chief Executive Officer, as saying, "A match ticket or a highlight clip only has value if people can trust it's genuine." Bradley Nattrass, Flash Sports & Media's Chief Executive Officer, is quoted as saying, "FlashChain gives us one ledger that we own to authenticate all of it." The release describes MindWave as developing blockchain infrastructure and digital solutions for emerging commercial ecosystems, expanding into sports, media and live-event ticketing, and describes Flash as a New York-based operator of streaming, ticketing and media businesses, including a direct-to-consumer streaming application.

What the Filing Does Not Say

The report does not discuss Apimeds' other Business activities, does not quantify the Revenue it expects from either agreement, and does not say how the received shares, tokens or credits will be accounted for. It carries the customary forward-looking statement caution, noting risks including development timelines, regulatory requirements, technical performance and market acceptance, and that actual results may differ materially.

MindChain Deals With AQUAE and Flash

Both agreements run for 12 months. Apimeds' next Quarterly Report may show whether the company records revenue from the services, and how it treats any FLZH shares, FLASH TOKEN or ALCI Credits it receives. Renewal terms, development milestones and launch dates for AQUAEChain or FlashChain are not described in the 8-K.