On February 17, 2026 the Company entered into a definitive Merger Agreement with XTEND pursuant to which XTEND will acquire all of the outstanding equity interests of the Company, subject to the terms and conditions set forth in the agreement. In connection with the execution of the merger agreement, the Company remitted $30,223,000 to XTEND as an upfront payment. The transaction is structured as a business combination and is expected to close following the satisfaction of customary closing conditions, including regulatory approvals and the effectiveness of XTEND’s registration statement. Under the terms of the Merger Agreement, the Company and XTEND will coordinate on all material corporate actions prior to closing, including equity issuances, compensation‑related grants, and other matters requiring XTEND’s consent. The Company continues to operate independently until the closing of the transaction. If the merger does not close, the upfront payment will remain with XTEND, and the Company will retain its resulting equity interest in XTEND as a privately held entity.

Litigation

From time to time, the Company is party to various claims or actions arising out of the ordinary course of business. While any proceeding or litigation contains an element of uncertainty, management believes no matter exists that would have a material impact on the Company’s financial position, liquidity, or results of operations.

As of March 31, 2026, there was no on-going litigation. During the period ended March 31, 2025 there was ongoing litigation relating to a residential remodel whereby the customer has not paid their final invoice and the Company had filed a lien on the property. The case was settled on March 19, 2025, and the Company received a settlement amount of $39,138.