1 unchanged sentence
Evaluation of disclosure controls and procedures
−Removed: Management, with the participation and supervision of our principal executive officer and our principal financial officer, have evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Act) as of September 30, 2025, the end of the period covered by this Form 10-Q.
+Added: Management, with the participation and supervision of our Chief Executive Officer (principal executive officer) and our Chief Financial Officer (principal financial officer), have evaluated the effectiveness of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Act) as of March 31, 2026, the end of the period covered by this Form 10-Q.
The Company’s disclosure controls and procedures are designed to ensure that information the Company is required to disclose in reports that it files or submits under the Act is recorded, processed, summarized, and reported within the time periods specified in the SEC rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.
−Removed: Based on such evaluation, our principal executive officer and principal financial officer have concluded that the Company’s disclosure controls and procedures were effective as of September 30, 2025.
−Removed: Due to the SEC staff's general guidance that an assessment of an acquired business may be omitted from the scope of management's assessment for one year following the acquisition, management excluded Mercury, which was acquired on September 11, 2025, from our assessment of internal control over financial reporting as of September 30, 2025.
−Removed: Mercury represents approximately 44% of the Company’s consolidated total assets as of September 30, 2025, excluding intangible assets, and approximately 10.1% and 4.0% of the Company’s consolidated revenue for the three and nine months ended September 30, 2025, respectively.
−Removed: See Note 2 "Acquisition of Mercury Financial LLC" to our condensed consolidated financial statements for further discussion of the Mercury acquisition.
−Removed: Remediation of Material Weakness
−Removed: As of December 31, 2024, the Company’s management, including the principal executive officer and principal financial officer concluded that our disclosure controls and procedures were not effective as of December 31, 2024 because a material weakness in our internal control over financial reporting existed related to management’s failure to adequately design and implement internal controls to determine whether or not each of the inputs into the Company’s valuation model for its Loans at fair value consistent with U.S.
−Removed: The material weakness described above did not result in a misstatement to the Company’s annual or interim consolidated financial statements.
−Removed: The Company’s management is committed to maintaining a strong internal control environment.
−Removed: In response to the material weakness identified above, management, with the oversight of the Audit Committee of the Board of Directors, evaluated the material weakness described above and designed a remediation plan to enhance the Company’s internal control environment.
−Removed: To remediate the material weakness, the Company’s management implemented a new control designed to evaluate the appropriateness in accordance with U.S.
−Removed: GAAP of all inputs used in the Company’s valuation model for its Loans at fair value.
−Removed: These enhanced procedures were implemented as of March 31, 2025, and have been monitored for effectiveness.
−Removed: Based on the successful monitoring of these enhanced procedures, the Company concluded that the material weakness identified above has been remediated as of the date of this report.
+Added: Based on such evaluation, our principal executive officer and principal financial officer have concluded that the Company’s disclosure controls and procedures were effective as of March 31, 2026.
+Added: Due to the SEC staff's general guidance that an assessment of an acquired business may be omitted from the scope of management's assessment for one year following the acquisition, management excluded Mercury, which was acquired on September 11, 2025, from our assessment of internal control over financial reporting as of March 31, 2026.
+Added: Mercury represents approximately 41.4% of the Company’s consolidated total assets as of March 31, 2026, and approximately 33.0% of the Company’s consolidated revenue for the three months ended March 31, 2026.
+Added: See Note 1 "Description of Our Business" to our condensed consolidated financial statements for further discussion of the Mercury acquisition.
Changes in internal control over financial reporting
−Removed: Other than changes related to the remediation of the material weakness described above, there have been no changes in the Company’s internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Act) during the quarter ended September 30, 2025, that have materially affected or are reasonably likely to materially affect the Company’s internal control over financial reporting.
+Added: During the quarter ended March 31, 2026, no change in our internal control over financial reporting (as defined in Rule 13a-15(f) under the Act) occurred that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
Limitations on Controls
13 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.