Item 4. Controls and Procedures
ITEM 4. CONTROLS AND PROCEDURES
Evaluation of Disclosure Controls and Procedures
As of June 30, 2026, our management, with the participation of our Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer, evaluated the effectiveness of our disclosure controls and procedures pursuant to Rule 13a-15(b) promulgated under the Exchange Act. Based upon that evaluation, our Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer concluded that, as of June 30, 2026, our disclosure controls and procedures were effective at a reasonable assurance level in ensuring that material information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules, regulations and forms of the SEC, including ensuring that such material information is accumulated by and communicated to our management, including our Chief Executive Officer, Chief Financial Officer and Chief Accounting Officer, as appropriate to allow timely decisions regarding required disclosure. See “Changes in Internal Control over Financial Reporting” below for a discussion regarding the Ceres and Atlantic House acquisitions, which were completed on October 1, 2025 and May 1, 2026, respectively.
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Changes in Internal Control over Financial Reporting
In accordance with guidance issued by the SEC, companies are permitted to exclude acquisitions from their final assessment of internal control over financial reporting for the first fiscal year in which the acquisition occurred. Management’s evaluation of internal control over financial reporting excluded the internal control activities of Ceres, which we acquired on October 1, 2025, and Atlantic House, which we acquired on May 1, 2026, as discussed in Note 3 to our Consolidated Financial Statements. We have included the financial results of these acquisitions in the consolidated financial statements from the date of each acquisition. As of the date of this Report, we are in the process of completing the integration of Ceres and Atlantic House into our overall internal control over financial reporting, and have deferred our assessment of the internal control over financial reporting related to the Ceres and Atlantic House acquisitions. The table below shows the contribution to total assets, net assets, revenues and net income as a result of the acquisitions:
Three Months Ended
June 30, 2026
% of Total assets 3.4%
% of Net assets 6.4%
% of Revenues 9.7%
% of Net income 16.7%
Notwithstanding the Atlantic House acquisition, during the quarter ended June 30, 2026, there were no changes in our internal control over financial reporting that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
PART II: OTHER INFORMATION
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