v3.26.1
Recapitalization (Tables)
12 Months Ended
Dec. 31, 2025
Recapitalization [Abstract]  
Schedule of Elements of Merger The following table reconciles the elements of the Merger to the consolidated and combined statements of cash flows and the consolidated and combined statements of changes in stockholders’ equity (deficit) for the period ended December 31, 2024:

Cash received from NUBI Trust

 

25,160,047

 

Less: discount payment related to Non Redemption Agreement

 

(13,937,997

)

Less: reimbursement for consideration shares related to the FPA

 

(2,193,800

)

Less: reimbursement for Recycled Shares related to the FPA

 

(80,241

)

Less: transaction expenses paid in connection with the Merger

 

(8,948,009

)

Net cash received from NUBI Trust

 

 

Add: cash from NUBI operating account

 

17,555

 

Add: prepaid expenses

 

165,407

 

Less: derivative liabilities

 

(20,889,950

)

Less: other liabilities

 

(4,086,172

)

Reverse recapitalization, net

 

(24,793,160

)

Schedule of Consummation of the Merger

The number of shares of common stock issued immediately following the consummation of the Merger were:

Nubia common stock, outstanding prior to the closing of the Merger

 

120,095

Shares issued to Nubia convertible noteholders

 

119,247

Predecessor HBC Shares

 

1,396,000

Common stock immediately after the closing of the Merger

 

1,635,342

Schedule of Number of Predecessor HBC Shares

The number of Predecessor HBC shares as follows:

 

Predecessor
HBC Shares

 

Shares
issued to
shareholders of
Predecessor
HBC

Common stock

 

1,000

 

1,396,000