UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission file number: 001-39471 WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (858) 847-0659 (Registrant's Telephone Number) N/A (Registrant's Former Name) HERITAGE GLOBAL INC. (Exact name of registrant as speci ...