Revenue
2024
2025
| 2025 | 2025 | 2024 | 2024 | |
|---|---|---|---|---|
| Revenue | $0 | — | $0 | — |
| Research & development | $116,742 | — | $0 | — |
| Operating expenses | $4.9M | — | $950,242 | — |
| Operating income | −$5.2M | — | −$950,242 | — |
| EBITDA | −$5.2M | — | −$950,242 | — |
| Net income | −$5.3M | $153,783 | −$1.0M | $773,772 |
| Basic EPSper basic share | -$0.18 | — | -$0.06 | — |
| Diluted EPSper diluted share | -$0.18 | — | -$0.06 | — |
Reported shareholders
| Holder | % owned |
|---|---|
Blue Bird Capital Enterprises LLC | ≈20.88%6.18M shares |
ALPS ADVISORS INC | ≈7.57%2.24M shares |
Parhar Naranjan Singh / Parhar Balvinder Kaur | ≈6.86%2.03M shares |
Spring Valley Acquisition Sponsor II, LLC / Sorrells Christopher Dixon | ≈5.79%1.71M shares |
Basi Kuljit Singh | ≈2.13%629.59K shares |
Mukhija Manavdeep Singh | ≈1.91%564.79K shares |
Alyeska Investment Group, L.P. | ≈1.26%373.01K shares |
Vident Advisory, LLC | ≈1.12%330.98K shares |
BlackRock, Inc. | ≈0.76%224.02K shares |
GEODE CAPITAL MANAGEMENT, LLC | ≈0.61%181.33K shares |
VANGUARD CAPITAL MANAGEMENT LLC | ≈0.56%166.2K shares |
VANGUARD FIDUCIARY TRUST CO | ≈0.27%78.87K shares |
UBS Group AG | ≈0.27%78.45K shares |
STATE STREET CORP | ≈0.25%73.35K shares |
MORGAN STANLEY | ≈0.24%70.89K shares |
Alberta Investment Management Corp | ≈0.20%60K shares |
NORTHERN TRUST CORP | ≈0.11%32.17K shares |
Banque Cantonale Vaudoise | ≈0.10%29K shares |
Virtu Financial LLC | ≈0.07%21.01K shares |
GABELLI FUNDS LLC | ≈0.05%15.2K shares |
Percentages use 29.58M shares of this listed class outstanding on May 31, 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.