Revenue
2024
2025
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | $0 | $0 | — |
| Operating expenses | $835,759 | $1.1M | $28,459 |
| Operating income | −$835,759 | −$1.1M | −$28,459 |
| EBITDA | −$835,759 | −$1.1M | — |
| Net income | $1.1M | $2.6M | $171,389 |
| Basic EPSper basic share | $0.17 | $0.28 | $0.08 |
| Diluted EPSper diluted share | $0.17 | $0.28 | $0.08 |
Reported shareholders
| Holder | % owned |
|---|---|
First Trust Capital Management L.P. | 31.98%680K shares |
MIZUHO SECURITIES USA LLC | ≈25.89%550.39K shares |
GLAZER CAPITAL, LLC | 6.29%133.74K shares |
Clear Street Group Inc. | 3.92%83.34K shares |
Karpus Management, Inc. | 3.63%77.13K shares |
SBI Securities Co., Ltd. | <0.01%112 shares |
UBS Group AG | <0.01%59 shares |
MORGAN STANLEY | <0.01%43 shares |
Percentages use 2.13M shares of this listed class outstanding on Jun 30, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Feb 11, 2025Form 4 | MIZUHO SECURITIES USA LLCTenPercentOwner | SellCommon Stock | 150.0K | $10.86 | $1.63M | 550.4K |