Basic earnings (loss) per share (“EPS”) is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock, unless inclusion would be antidilutive.

In connection with the Business Combination completed on March 16, 2026, the Company issued shares of common stock in exchange for the outstanding equity interests of One Blockchain and Signing Day Sports. In addition, during June 2026, the Company completed an underwritten public offering of common stock. Earnings per share is computed based on the weighted-average number of shares of common stock outstanding during the applicable reporting period. Shares issued in connection with the Business Combination are reflected retroactively for all periods presented, while shares issued in the June 2026 public offering are included from their respective issuance dates.

On June 8, 2026, the Company completed an underwritten public offering of 33,333,334 shares of common stock. On June 15, 2026, Lucid exercised the over-allotment option in full. On June 17, 2026, the Company closed its sale of an additional 4,999,999 shares of common stock in connection with the full exercise of the over-allotment option. Accordingly, weighted-average shares outstanding for the three and six months ended June 30, 2026 include the effect of these shares from their respective issuance dates. Representative warrants issued in connection with the public offering to purchase 1,533,333 shares of common stock were excluded from diluted earnings per share because their effect would have been antidilutive for the periods presented.

For the three and six months ended June 30, 2026 and 2025, diluted earnings per share equaled basic earnings per share, as the Company incurred a net loss and the inclusion of potentially dilutive securities would have been antidilutive.