Note 16 – Subsequent Events

The Company evaluated all events and transactions that occurred after June 30, 2026 up through August 13, 2026, which is the date that these unaudited condensed consolidated financial statements were issued. Other than the matter described below, there were no material subsequent events requiring disclosure in these unaudited condensed consolidated financial statements.

On July 17, 2026, the Company entered into a First Amendment to its merger agreement with Autonomous Power Corporation, which increases the earn-out shares to 55 million shares of Parent Common Stock while keeping the exchange ratio unchanged at 599.18229 shares per Target share; the amendment also provides for a potential 45-day automatic extension of the closing deadline if all conditions except antitrust approvals are satisfied, and the merger is intended to qualify as a tax-free reorganization under Section 368(a) of the Internal Revenue Code, with completion still subject to regulatory clearances, stockholder approvals, Nasdaq listing, and other customary closing conditions. For more details, please refer to the 8-K dated July 17, 2026.

On July 30, 2026, the Company filed a Registration Statement on Form S-4 with SEC in connection with its proposed business combination with Autonomous Power Corporation. The registration statement has not yet become effective, and the merger remains subject to customary closing conditions, including the effectiveness of the registration statement and other regulatory approvals.