Unregistered Sales of Equity Securities and Use of Proceeds.
+Added: Unregistered Sales
+Added: We did not sell any equity securities during the quarter ended December 31, 2025.
Use of Proceeds
4 unchanged sentences
No underwriting discounts or commissions were paid with respect to such sales.
−Removed: Use of Proceeds
On May 22, 2025, we consummated the Initial Public Offering of 23,000,000 Units, which includes the full exercise by the underwriters of their over-allotment option in the amount of 3,000,000 Units.
1 unchanged sentence
Cohen acted as lead book runner and Northland acted as joint book-runner for the Initial Public Offering.
−Removed: The securities in the offering were registered under the Securities Act on Form S-1
−Removed: The registration statement became effective on May 20, 2025.
+Added: The securities in the offering were registered under the Securities Act on Form S-1(File
+Added: Nos.333-286110).The
+Added: registration statement became effective on May 20, 2025.
In connection with the Initial Public Offering, we incurred offering costs of approximately $14.4 million (which consisted of $4,600,000 of a cash underwriting fee, $9,200,000 of deferred underwriting fees, and $613,386 of other offering costs).
6 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.