{"url_path":"/sec/whlt/10-k/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-03-30","source_url":"https://www.sec.gov/Archives/edgar/data/1025771/0001477932-26-001702-index.html","accession_number":"0001477932-26-001702","cik":"0001025771","ticker":"WHLT","issuer_name":"CHASE PACKAGING CORP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1025771/0001477932-26-001702-index.html","primary_entity_key":"0001025771","primary_entity_name":"CHASE PACKAGING 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STATES**\n\n**SECURITIES AND EXCHANGE COMMISSION**\n\n**Washington, D.C. 20549**\n\n \n\n**FORM 10-K**\n\n \n\n(Mark One)\n\n \n\n☒     ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the fiscal year ended **December 31, 2025**\n\n \n\nOR\n\n \n\n☐     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nCommission file number: **0-21609**\n\n \n\n**CHASE PACKAGING CORPORATION**\n\n(Exact name of registrant as specified in its charter)\n\n \n\n**Delaware**\n\n \n\n**93-1216127**\n\n(State or other jurisdiction of\n\n \n\n(I.R.S. Employer\n\nincorporation or organization)\n\n \n\nIdentification No.)\n\n \n\n**PO Box 126, Rumson, NJ 07760**\n\n(Address of principal executive offices and zip code)\n\n \n\n**(732) 741.1500**\n\n(Registrant’s telephone number, including area code)\n\n \n\n**Securities registered pursuant to Section 12(b) of the Act: None**\n\n \n\n**Securities registered pursuant to Section 12(g) of the Act: Common Stock, par value $.00001 per share**\n\n \n\nIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐     No ☒\n\n \n\nIndicate 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 ☒\n\n \n\nIndicate by check mark whether 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 ☐\n\n \n\nIndicate by check whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒     No ☐\n\n \n\nIndicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (229.405) is not contained herein, and will not be contained, to the best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☐\n\n \n\nIndicate 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.\n\n \n\nLarge Accelerated Filer\n\n☐\n\nAccelerated Filer\n\n☐\n\nNon-accelerated Filer\n\n☒\n\nSmaller reporting company\n\n☒\n\n \n\nEmerging growth company\n\n☐\n\n \n\nIf 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. ☐\n\n \n\nIndicate 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. ☐\n\n \n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒     No ☐\n\n \n\nThe aggregate market value of voting and non-voting common equity held by non-affiliates as of June 30, 2025 was approximately $4,168,886 based upon 41,688,861 shares held by non-affiliates and the last reported sales price of $0.10 per share on such date.\n\n \n\nNumber of shares of common stock outstanding as of March 30, 2026: 61,882,172\n\n \n\n**Documents incorporated by reference**\n\n \n\nListed below are documents, parts of which are incorporated herein by reference, and the part of this report into which the document is incorporated: None\n\n \n\n \n\n \n\n \n\n**CHASE PACKAGING CORPORATION**\n\n \n\n**FORM 10-K**\n\n**For the Fiscal Year ended December 31, 2025**\n\n \n\n**TABLE OF CONTENTS**\n\n \n\n \n\n \n\n \n\n**PAGE NO**\n\n \n\n**PART I**\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n[ITEM 1](#IT1)\n\n[BUSINESS](#IT1)\n\n \n\n4\n\n \n\n[ITEM 1A](#IT1a)\n\n[RISK FACTORS](#IT1a)\n\n \n\n4\n\n \n\n[ITEM 1B](#IT1B)\n\n[UNRESOLVED STAFF COMMENTS](#IT1B)\n\n \n\n4\n\n \n\n[ITEM 2](#IT2)\n\n[PROPERTIES](#IT2)\n\n \n\n4\n\n \n\n[ITEM 3](#IT3)\n\n[LEGAL PROCEEDINGS](#IT3)\n\n \n\n4\n\n \n\n[ITEM 4](#IT4)\n\n[MINE SAFETY DISCLOSURES](#IT4)\n\n \n\n4\n\n \n\n \n\n \n\n \n\n \n\n \n\n**PART II**\n\n \n\n \n\n \n\n \n\n \n\n[ITEM 5](#IT5)\n\n[MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES](#IT5)\n\n \n\n5\n\n \n\n[ITEM 6](#IT6)\n\n[SELECTED FINANCIAL DATA](#IT6)\n\n \n\n5\n\n \n\n[ITEM 7](#IT7)\n\n[MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS](#IT7)\n\n \n\n6\n\n \n\n[ITEM 7A](#IT7A)\n\n[QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK](#IT7A)\n\n \n\n8\n\n \n\n[ITEM 8](#IT8)\n\n[FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA](#IT8)\n\n \n\n8\n\n \n\n[ITEM 9](#IT9)\n\n[CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE](#IT9)\n\n \n\n8\n\n \n\n[ITEM 9A](#IT9a)\n\n[CONTROLS AND PROCEDURES](#IT9a)\n\n \n\n8\n\n \n\n[ITEM 9B](#IT9b)\n\n[OTHER INFORMATION](#IT9b)\n\n \n\n9\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n**PART III**\n\n \n\n \n\n \n\n \n\n \n\n \n\n[ITEM 10](#IT10)\n\n[DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE](#IT10)\n\n \n\n10\n\n \n\n[ITEM 11](#IT11)\n\n[EXECUTIVE COMPENSATION](#IT11)\n\n \n\n12\n\n \n\n[ITEM 12](#i12)\n\n[SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS](#i12)\n\n \n\n13\n\n \n\n[ITEM 13](#IT13)\n\n[CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE](#IT13)\n\n \n\n14\n\n \n\n[ITEM 14](#IT14)\n\n[PRINCIPAL ACCOUNTANT FEES AND SERVICES](#IT14)\n\n \n\n14\n\n \n\n \n\n \n\n \n\n \n\n**PART IV**\n\n \n\n \n\n \n\n \n\n \n\n \n\n[ITEM 15](#IT15)\n\n[EXHIBITS AND FINANCIAL STATEMENT SCHEDULES](#IT15)\n\n \n\n15\n\n \n\n[SIGNATURES](#SIG)\n\n \n\n16\n\n \n\n \n\n \n\n2\n\n*Table of Contents*\n\n \n\n**FORWARD-LOOKING STATEMENTS**\n\n \n\nThis report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, and Section 27A of the Securities Act of 1933. Any statements contained in this report that are not statements of historical fact may be forward-looking statements. When we use the words “intends,” “estimates,” “predicts,” “potential,” “continues,” “anticipates,” “plans,” “expects,” “believes,” “should,” “could,” “may,” “will” or the negative of these terms or other comparable terminology, we are identifying forward-looking statements. Forward-looking statements involve risks and uncertainties, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. These factors include our capital needs and our ability to find a suitable merger partner wishing to go public or a suitable private company to acquire to create investment value for the Company. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.\n\n \n\nExcept as may be required by applicable law, we do not undertake or intend to update or revise our forward-looking statements, and we assume no obligation to update any forward-looking statements contained in this report as a result of new information or future events or developments. Thus, you should not assume that our silence over time means that actual events are bearing out as expressed or implied in such forward-looking statements. You should carefully review and consider the various disclosures we make in this report and our other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks, uncertainties and other factors that may affect our business.\n\n \n\n \n\n3\n\n*Table of Contents*\n\n \n\n**PART I**"}