SUBSEQUENT EVENTS |
3 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS The Company has performed an evaluation of subsequent events through the date of issuance of this quarterly report on Form 10-Q with the SEC. On July 10, 2026, FRHC completed an offering and sale of 2,374,356 shares of its common stock, par value of $0.001 per share, for an aggregate offering price of $300,000. The securities were offered and sold pursuant to Regulation S of the Securities Act of 1933. The offering was made only to non-U.S. persons in offshore transactions outside the United States, in accordance with the requirements of Regulation S, including the provisions applicable to a Category 3 offering under Regulation S. Subscription proceeds in respect of this offering were received from investors prior to June 30, 2026. Because completion of the offering was not assured and the shares had not been issued as of that date, the subscribers held no residual interest in the Company, and the proceeds received were recorded as “Unsettled liability arising from a private placement” as of June 30, 2026. Upon completion of the offering on July 10, 2026, that liability was settled through the issuance of the common shares and reclassified to stockholders’ equity. On July 31, 2026, FRHC and its subsidiary, Freedom Finansial Hizmetler Anonim Şirketi, completed the acquisition of approximately 99.32% of Turkish Bank A.Ş., a bank operating in Türkiye, for a total consideration of $33.4 million.
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