Note 3: Members’ Equity

Parent was incorporated in Delaware on April 28, 2025, with 3G Capital as the sole member of the company owning 100% of the limited liability company interests. Upon consummation of the Merger and amendment and restatement of the Parent’s Limited Liability Agreement (the “A&R LLCA”), the capital of Parent will initially consist of two classes of units, designated as the Common Units and Class P units (“Class P Units,” and together with the Common Units, the “Members Units” or “Parent Units”). The holders of all issued and outstanding Parent Units will be entitled to the same rights and powers, except that each Class P Unit will be equivalent to 2.9655 Common Units.

On June 3, 2025, Parent issued 100% of its Common Units for $100.00, recorded as a members units receivable. The members units receivable is reflected as a reduction to members’ equity in accordance with ASC 505 and is treated as a non-cash financing transaction in the consolidated statement of cash flows.