Revenue
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $27.8M | $11.3M | $0 | — |
| Research & development | $133,260 | $6,971 | $0 | — |
| Operating expenses | $6.6M | $1.7M | $309,018 | $181,003 |
| Operating income | $11.8M | −$1.7M | −$309,018 | −$181,003 |
| Operating margin | 42.43% | −15.07% | — | — |
| EBITDA | $12.4M | $5.7M | $0 | — |
| EBITDA margin | 44.64% | 50.56% | — | — |
| Net income | $8.4M | $1.4M | −$308,792 | −$181,003 |
| Net profit margin | 30.30% | 12.13% | — | — |
| Basic EPSper basic share | $0.17 | $0.08 | $0.00 | — |
| Diluted EPSper diluted share | $0.17 | $0.08 | $0.00 | — |
Reported shareholders
| Holder | % owned |
|---|---|
Jiang Zhenjun | ≈91.30%47.69M shares |
Bengochea Jose Antonio | ≈4.81%2.51M shares |
Bengochea SPAC Sponsors I LLC | ≈3.70%1.93M shares |
Caragol William J | ≈1.26%660K shares |
RIVERNORTH CAPITAL MANAGEMENT, LLC | 0.19%101.51K shares |
AQR Arbitrage LLC | 0.17%91.05K shares |
Westchester Capital Management, LLC | 0.09%48.72K shares |
WHITEBOX ADVISORS LLC | 0.06%30K shares |
D. E. Shaw & Co., Inc. | 0.05%23.81K shares |
Yakira Capital Management, Inc. | 0.04%20.74K shares |
ARISTEIA CAPITAL, L.L.C. | 0.03%16.84K shares |
Bulldog Investors, LLP | 0.02%10.92K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.02%10.08K shares |
UBS Group AG | <0.01%3.94K shares |
LONGFELLOW INVESTMENT MANAGEMENT CO LLC | <0.01%864 shares |
Russell Investments Group, Ltd. | <0.01%90 shares |
MORGAN STANLEY | <0.01%45 shares |
Percentages use 52.23M 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 29, 2023Form 4 | Bengochea SPAC Sponsors I LLCTenPercentOwner | BuyWarrants to purchase shares of common stock · derivative | 2.46M | — | — | 2.46M |