| Noncontrolling Interest As of June 30, 2026, the Company holds 33,736 Class A Units in Opco and the existing direct and certain indirect equity holders of Omni (“Omni Holders”) hold 6,568 units of Opco designated as Class B Units (“Opco Class B Units”) and 6,568 corresponding Company Series B Preferred Units which together are exchangeable into 6,568 shares of common stock of the Company. The following tables provide the exchange activity of the Opco Class B Units and the corresponding fully-diluted noncontrolling interest ownership percentage in the Company based on such exchange activity. | | | | | | | | | | | | | | | Opco Class B Units | | | | Fully-diluted Ownership | | Outstanding units at December 31, 2025 | 8,760 | | | | | 22.0 | % | | Exchanged into shares of common stock | (133) | | | | | | | Outstanding units at March 31, 2026 | 8,627 | | | | | 21.5 | % | | Exchanged into shares of common stock | (2,059) | | | | | | | Outstanding units at June 30, 2026 | 6,568 | | | | | 16.4 | % | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | Opco Class B Units | | | Fully-diluted Ownership | | Outstanding units at December 31, 2024 | 10,088 | | | | 25.3 | % | | Exchanged into shares of common stock | (585) | | | | | | Outstanding units at March 31, 2025 | 9,503 | | | | 23.8 | % | | Exchanged into shares of common stock | (80) | | | | | | Outstanding units at June 30, 2025 | 9,423 | | | | 23.5 | % |
As of June 30, 2026, there have been a total of 5,537 Opco Class B Units and corresponding Company Series B Preferred Units exchanged for 5,537 shares of common stock, and such actual exchanges and subsequent issuances represented 16.4% of the outstanding shares of common stock as of the end of such period.
|