Cash |
3 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Cash and Cash Equivalents [Abstract] | |
| Cash | Note 3 — Cash
Cash and cash equivalents of $7,818 at June 30, 2026 consist of $7,453 on deposit at JPMorgan Chase Bank, N.A. and $365 held as physical currency in the custody of the Treasurer.
The Company opened the JPMorgan Chase Bank, N.A. account on June 10, 2026. The account was opened with no initial deposit, and all five customer subscription remittances received during the quarter, totaling $7,453, were credited to it. No disbursements were made from the account during the quarter and no bank service charges were incurred; all third-party obligations of the Company during the quarter were satisfied by direct payment from the Lender under the Founder Loan Facility (Note 4(b)).
The $365 of physical currency represents the unexpended portion of the March 2026 share subscription proceeds. It was not deposited to the Chase account upon that account’s opening and remained in the custody of the Treasurer at June 30, 2026.
Subsequent to the balance sheet date the Company changed its principal operating account; see Note 8(e).
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