Revenue
2024
2025
| 2025 | 2024 | |
|---|---|---|
| Revenue | $0 | $0 |
| Operating expenses | $859,747 | $354,066 |
| Operating income | −$859,747 | −$354,066 |
| EBITDA | −$859,747 | −$354,066 |
| Net income | $1.4M | $255,721 |
| Basic EPSper basic share | -$0.44 | -$0.34 |
| Diluted EPSper diluted share | -$0.44 | -$0.34 |
Reported shareholders
| Holder | % owned |
|---|---|
Wolverine Trading Partners, Inc. / WOLVERINE ASSET MANAGEMENT LLC / Wolverine Holdings, L.P. / Bellick Robert / Gust Christopher | ≈86.45%395.92K shares |
BERKLEY W R CORP | 68.88%315.49K shares |
MIZUHO SECURITIES USA LLC | 65.60%300.46K shares |
Hercules Capital Management Corp | ≈49.78%228K shares |
Zhang Fen | ≈49.78%228K shares |
AQR Arbitrage LLC | 37.43%171.42K shares |
Quarry LP | 33.93%155.4K shares |
RLH Capital LLC | 33.93%155.4K shares |
Cable Car Capital, LP | 21.83%100K shares |
Crossingbridge Advisors, LLC | 16.11%73.77K shares |
Yakira Capital Management, Inc. | 15.93%72.95K shares |
Westchester Capital Management, LLC | 10.92%50K shares |
Clear Street Group Inc. | 9.53%43.63K shares |
GOLDMAN SACHS GROUP INC | 4.55%20.86K shares |
Warberg Asset Management LLC | 2.20%10.06K shares |
UBS Group AG | 0.02%85 shares |
MORGAN STANLEY | 0.01%49 shares |
Percentages use 458K 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.
Reported positions exceed 100% in total, so the circle shows the selected holder only.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Dec 10, 2025Form 4 | Wolverine Trading Partners, Inc. +4TenPercentOwner | SellClass A Ordinary Shares · indirect | 400 | $11.07 | $4.4K | 395.9K |
| Dec 9, 2025Form 4 | Wolverine Trading Partners, Inc. +4TenPercentOwner | SellClass A Ordinary Shares · indirect | 1.0K | $10.89 | $10.9K | 396.3K |
| Dec 5, 2025Form 4 | Wolverine Trading Partners, Inc. +4TenPercentOwner | SellClass A Ordinary Shares · indirect | 2 | $10.91 | $21.82 | 397.3K |
| Dec 5, 2025Form 4 | WOLVERINE ASSET MANAGEMENT LLC +4TenPercentOwner | SellClass A Ordinary Shares · indirect | 2 | $10.91 | $21.82 | 397.3K |
| Dec 1, 2025Form 4 | Wolverine Trading Partners, Inc. +4TenPercentOwner | SellClass A Ordinary Shares · indirect | 10 | $10.89 | $108.90 | 397.3K |