Note 11 — Subsequent Events

The Company has evaluated subsequent events through the date these unaudited condensed consolidated financial statements were issued.

On July 16, 2026, the Company entered into a Consultancy Agreement with Challenger Deep SAS (“Kaiko”), a société par actions simplifiée organized under the laws of France, which is not a related party of the Company. Under the agreement and the related statement of work, the Company provides strategic advisory and business development services in support of Kaiko’s commercial and strategic positioning. Fees are $20,000 per month, exclusive of applicable taxes, invoiced monthly in arrears. The agreement has an initial term of two months from the effective date and may be terminated by either party for convenience upon not less than thirty days’ prior written notice. The agreement is governed by the laws of England and Wales.

The agreement was entered into after June 30, 2026 and is a non-recognized subsequent event. Accordingly, no revenue, receivable or other amount related to this engagement is reflected in the accompanying unaudited condensed consolidated financial statements. Revenue will be recognized as the related services are performed in accordance with ASC 606 beginning in the three months ending September 30, 2026.

Other than as described above, the Company has determined that there are no subsequent events requiring disclosure.