v3.26.1
Stockholders' equity
 6 Months Ended
Jun. 30, 2026
Stockholders̕ equity [Abstract]  
Stockholders' equity
6.
Stockholders’ equity
 
The Company’s capital stock as of June 30, 2026 and December 31, 2025, is as follows:
 
   
2026
    
2025
  
   
Number of shares
    
Amounts in USD
    
Number of shares
    
Amounts in USD
  
                         
Ordinary Shares
    
148,936,013
    
$
14,894
      
128,136,859
    
$
12,814
  
                                 
Total
    
148,936,013
    
$
14,894
      
128,136,859
    
$
12,814
  

Initial Public Offering
 
On June 29, 2026, the Company completed its initial public offering of 17,750,000 shares of common stock at a public offering price of $12.00 per share. Net proceeds to the Company were $192,945,880 (after deducting underwriting discounts of $14,910,000 and other offering costs such as legal fees and other expenses of $5,144,120 related to the successful equity financing) and are included within the Additional Paid-in Capital in the Unaudited Condensed Consolidated Statements of Changes in Stockholders’ Equity.
 
Private Placement
 
On November 15, 2025, the Company launched a private placement offering of up to 9,714,286 shares of common stock for an aggregate purchase price of up to $47,600,000 at a price per share of $4.90 (the “Private Placement”). Between January 5 and March 30, 2026, 3,049,154 ordinary shares of the Company were purchased as part of the Private Placement at a price of $4.90 per share by Electrum Global Holdings L.P. and other investors and had been issued by the Company as detailed in the following table. These purchases completed the Private Placement.
 
Stockholder
  
Investment
Amount ($)
    
Shares Issued
at $4.90/share
  
             
Electrum Global Holdings L.P.
  
$
13,172,857
      
2,688,338
  
Other Investors
    
1,767,998
      
360,816
  
Total
  
$
14,940,855
      
3,049,154