Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | — |
| Research & development | $0 | $45,000 | $262,000 | $133,000 | $0 |
| Operating expenses | $43.7M | $35.9M | $36.7M | $67.8M | $17.6M |
| Operating income | −$43.7M | −$35.9M | −$36.7M | −$67.8M | −$17.6M |
| EBITDA | −$23.8M | −$30.7M | −$36.5M | −$67.7M | −$17.6M |
| Net income | −$31.6M | −$62.0M | −$30.6M | −$66.7M | −$19.3M |
| Basic EPSper basic share | -$3.95 | -$27.15 | -$0.00 | -$0.00 | -$0.00 |
| Diluted EPSper diluted share | -$3.95 | -$27.15 | -$0.00 | -$0.00 | -$0.00 |
Reported shareholders
| Holder | % owned |
|---|---|
Bluescape Energy Partners LLC | 29.22%12.13M shares |
BEP Special Situations IV LLC / Bluescape Energy Partners IV GP LLC | ≈29.22%12.13M shares |
Meridian Investments Corp / Ascend Capital Advisors (S) Pte. Ltd. / Susanto Halim / Ascend Financial Holdings Ltd / Ascend Global Investment Fund SPC - Strategic Segregated Portfolio | ≈20.15%8.36M shares |
Lim Sen Ming | ≈12.42%5.16M shares |
AWM Investment Company, Inc. | 7.53%3.13M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.35%973.96K shares |
Aristides Capital LLC | 1.32%546.28K shares |
Potomac Capital Management, Inc. | 1.22%506.3K shares |
Bleichroeder LP | 1.11%458.77K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.72%300K shares |
MARSHALL WACE, LLP | 0.65%271.7K shares |
MERCER GLOBAL ADVISORS INC /ADV | 0.53%220.81K shares |
RENAISSANCE TECHNOLOGIES LLC | 0.48%200.2K shares |
Hunt Stephen Brian | ≈0.41%170.41K shares |
VANGUARD FIDUCIARY TRUST CO | 0.37%152.27K shares |
HOHIMER WEALTH MANAGEMENT, LLC | 0.27%110.98K shares |
Marex Group Ltd | 0.25%104.95K shares |
BlackRock, Inc. | 0.22%91.4K shares |
SALISBURY DAVID J | ≈0.16%65.62K shares |
NORTHERN TRUST CORP | 0.14%57.88K shares |
Percentages use 41.52M 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 |
|---|---|---|---|---|---|---|
| Feb 2, 2026Form 4 | BEP Special Situations IV LLC +1Director,TenPercentOwner | BuyCommon Stock | 4.00M | $2.00 | $8.00M | 12.13M |
| Feb 2, 2026Form 4 | Malm JoshuaCFO | BuyCommon Stock | 3.8K | $2.00 | $7.5K | 5.2K |
| Feb 2, 2026Form 4 | Weibel Paul Wesley IIIChief Executive Officer | BuyCommon Stock | 3.8K | $2.00 | $7.5K | 18.8K |
| Aug 25, 2025Form 4 | Ascend Global Investment Fund SPC - Strategic Segregated Portfolio +4Director,TenPercentOwner | BuyCommon Stock · indirect | 100.0K | $3.50 | $350.0K | 7.83M |
| Aug 25, 2025Form 4 | Bluescape Energy Partners IV GP LLC +1Director,TenPercentOwner | BuyCommon Stock | 100.0K | $3.50 | $350.0K | 7.60M |