| Schedule of information pertaining to reverse recapitalization |
The following summarizes the common stock outstanding immediately following the de-SPAC transaction, on February 24, 2026: | | | | | | | | Number of shares | | % | | SVII Public Shareholders(1) | | 1,101,717 | | 3.44 | % | SVII Rights Conversion | | 2,299,982 | | 7.17 | % | SVII Founders(2) | | 2,528,334 | | 7.88 | % | Total SVII | | 5,930,033 | | 18.49 | % | Eagle Energy Shareholders | | 21,638,289 | | 67.45 | % | Aurora Energy | | 1,710,991 | | 5.33 | % | Shares Issued for Transaction Costs | | 300,000 | | 0.94 | % | Total Common Stock at Closing | | 29,579,313 | | 92.21 | % | Series A Cumulative Convertible Preferred Stock, As Converted | | 2,500,000 | | 7.79 | % | Total Shares | | 32,079,313 | | 100.00 | % |
| (1) | Includes 691,666 shares of common stock transferred by SVII Sponsor to certain SVII Public Shareholders in accordance with a non-redemption agreement among the parties. |
| (2) | Includes SVII Sponsor and former independent directors of SVII. Excludes 691,666 shares of common stock transferred in accordance with a non-redemption agreement. |
A reconciliation of net contributions from reverse recapitalization is as follows: | | | | Cash | | $ | 4,894,595 | Less: transaction costs | | | (2,916,782) | Proceeds from the reverse recapitalization | | $ | 1,977,813 | | | | | Net liabilities assumed by the Company: | | | | Prepaid expenses | | $ | 24,284 | Accounts payable and accrued liabilities | | | (10,913) | Promissory notes payable | | | (2,422,133) | Net assets (liabilities) | | $ | (2,408,762) | | | | | Add: conversion of promissory notes to warrants | | $ | 2,422,133 | Net contributions from reverse recapitalization | | $ | 1,991,184 |
A reconciliation of cash assumed on reverse recapitalization is as follows: | | | | Proceeds from the reverse recapitalization | | $ | 1,977,813 | Add: transaction costs not paid from de-SPAC proceeds | | | 48,689 | Less: Cash disbursed for prepaid expenses from de-SPAC proceeds | | | (87,045) | Cash assumed on reverse recapitalization | | $ | 1,939,457 |
|