v3.26.1
Subsequent Event
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
Subsequent Event

Note 12 – Subsequent Event

Management has evaluated subsequent events according to the requirements of ASC TOPIC 855, based on this evaluation, management has determined that a material subsequent event occurred;

On July 7, 2026, American Ventures converted 28,256 Preferred C shares to 51,940 shares of Class A common Stock.

On July 15, 2026, American Ventures converted 523,075 Preferred C shares to 961,517 shares of Class A common Stock.

On August 3, 2026, XTEND submitted its Form S-4/A2 registration statement to the Securities and Exchange Commission in connection with the proposed merger between the Company and XTEND. The filing of the Form S-4 occurred after the balance sheet date and does not impact the Company's financial position as of June 30, 2026.

On August 11, 2026 the Company filed a DEF14C Information Statement with the Securities and Exchange Commission. The filing was made to satisfy the applicable shareholder-notification and corporate-action requirements necessary to permit Xtend's Form S-4 registration statement to become effective.

 

 

Date of Management Review

The Company evaluates events and transactions occurring subsequent to the date of the financial statements for matters requiring recognition or disclosure in the financial statements. The accompanying financial statements consider events through August 13, 2026 the date that the financial statements were available to be issued.