The investigation centers on the internal turmoil surrounding the company's December 2025 initial public offering, which raised $40 million at $3.59 per share. Tensions surfaced on February 23, 2026, when Rick Svetkoff stepped down from his roles as CEO, President, and Chairman, accompanied by the resignation of Brenda Svetkoff, the company secretary. Regulatory filings revealed that both individuals cited fundamental disagreements with the Board regarding company operations, policies, and practices as the catalyst for their departures.

While Starfighters Space has publicly contested the characterizations made in the resignation letters, the market reaction was immediate and negative. Johnson Fistel, a firm specializing in shareholder rights, is now evaluating whether these events constitute a breach of fiduciary duties or securities violations. Investors who acquired shares and sustained losses are currently being recruited for potential litigation, as the firm aims to uncover whether the company misled shareholders during its market debut.