Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Initial Public Offering
On May 14, 2026, we completed our IPO, in which we issued and sold 31,914,893 shares of our Class A common stock, par value $0.0001 per share, at an initial public offering price of $15.00 per share. All of the shares issued and sold in our IPO were registered under the Securities Act pursuant to a registration statement on Form S-1 (File No. 333-295169), as amended, which was declared effective by the SEC on May 12, 2026. In our Quarterly Report on Form 10-Q for the three months ended March 31, 2026 (the “1Q26 Form 10-Q”), we disclosed that the Company received net proceeds of $454.8 million for the Class A common stock, after deducting underwriting discounts and commissions of $23.9 million. Subsequent to filing the 1Q26 Form 10-Q, we determined that the offering-related expenses totaled $31.9 million and, accordingly, the Company received net proceeds of $446.8 million for the Class A common stock, after deducting underwriting discounts and commissions and such other offering-related expenses. For further information regarding the use of proceeds from the IPO, please refer to Part II, Item 2. of the 1Q26 Form 10-Q.
Purchases of Equity Securities
During the three months ended June 30, 2026, we did not repurchase any shares registered pursuant to Section 12 of the Exchange Act.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not Applicable.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.