In addition to the other information set forth in this Quarterly Report
−Removed: on Form 10-Q, you should carefully consider the risks discussed in Part I, Item 1A.
−Removed: “Risk Factors” in our final prospectus
−Removed: filed with the SEC on July 17, 2025 (“Final Prospectus”).
−Removed: Additional risks and uncertainties not currently known to us or
−Removed: that we currently deem to be immaterial also may materially adversely affect our business, financial condition or future results.
−Removed: have been no material changes in the risk factors discussed in the Final Prospectus.
+Added: on Form 10-Q, you should carefully consider the risks discussed in the Annual Report on Form 10-K for the period from May 1, 2025 (inception)
+Added: to December 31, 2025 (the “Annual Report”) filed with the SEC on March 30, 2026.
+Added: Additional risks and uncertainties not currently
+Added: known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition or future
+Added: There have been no material changes in the risk factors discussed in the Annual Report.
+Added: Unregistered Sales of Equity Securities and Use of Proceeds
+Added: Defaults Upon Senior Securities
+Added: Mine Safety Disclosures
+Added: Not applicable.
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.