v3.26.1
Condensed Consolidated Statement of Cash Flows (Unaudited)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
USD ($)
Cash flows from operating activities  
Net income $ 7,080
Adjustments to reconcile net income to net cash provided by operating activities  
Amortization of deferred financing costs 335
Stock-based compensation 76
Change in assets and liabilities  
Other assets (5,449)
Other liabilities 1,014
Due to affiliates 627
Net cash provided by operating activities 3,683
Cash flows from financing activities  
Proceeds from public offering of common stock 2,012,398
Payments of underwriting and offering costs (62,232)
Payments of deferred financing costs (10,466)
Net cash provided by financing activities 1,939,700
Net increase (decrease) in cash and cash equivalents 1,943,383
Cash and cash equivalents, beginning of period 0
Cash and cash equivalents, end of period 1,943,383
Supplemental disclosure of cash flows information  
Payments of interest 0
Supplemental disclosure of non-cash investing and financing activities  
Accrued underwriting fee 17,764
Offering costs due to affiliates 7,868
Deferred financing costs due to affiliates 175
Accrued pre-acquisition costs $ 15