v3.26.1
Subsequent Events
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events

NOTE 18 – Subsequent Events

 

The Company evaluated subsequent events and transactions that occurred after March 31, 2026, through the date the condensed consolidated financial statements were issued. Based upon this review, the Company identified the following subsequent events:

 

Following the quarter ended March 31, 2026, the Company converted a portion of its outstanding Avondale Prepaid Purchase #2 Convertible Notes into Class A common stock. These conversions were part of the Company’s ongoing efforts to reduce debt and strengthen its equity structure.

 

As the transactions occurred after the reporting date, they are classified as non-recognized subsequent events. In total, the Company issued approximately 11,420,837 shares of Class A common stock in connection with these conversions.