Item 1A. Risk Factors
Item 1A. Risk Factors
In addition to the other information set forth in this Quarterly Report
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)
to December 31, 2025 (the “Annual Report”) filed with the SEC on March 30, 2026. Additional risks and uncertainties not currently
known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition or future
results. There have been no material changes in the risk factors discussed in the Annual Report.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
None.
Item 3. Defaults Upon Senior Securities
None.
Item 4. Mine Safety Disclosures
Not applicable.
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