v3.26.3
Subsequent Events
3 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Management has evaluated subsequent events through the date of issuance of these financial statements. Except as described below, there were no events or transactions requiring recognition or disclosure.
On July 17, 2026, the Company issued 135,801 Shares to Robinhood Employee Fund, LP (the “Employee Fund”), at a price of $23.90 per share, for aggregate proceeds of $3,245,614. Following the issuance, 1,066,384 Shares were outstanding.
On August 14, 2026, the Company effected a reverse split of its Shares, pursuant to which each outstanding Share was converted into 0.97658 Shares. The Company’s Shares began trading on the New York Stock Exchange under the ticker symbol “RVII” on August 13, 2026. The Company closed its IPO of 8,000,000 Shares at a public offering price of $25.00 per share, for gross proceeds of $200,000,000. The Company received net proceeds of $191,000,000, after the sales load of $1.125 per Share. Following the IPO, 9,066,384 Shares were outstanding.
Upon consummation of the IPO, deferred offering costs of $4,137,817 were charged to paid-in capital, of which $1,615,769 was recorded as deferred offering costs at June 30, 2026. In addition, the organizational costs of $1,682,371 advanced by the Affiliate through the closing date, of which $1,603,347 had been incurred through June 30, 2026, became reimbursable by the Company and were charged to the Company by the Affiliate. The charge eliminated the Due from Affiliate, and reversed the organizational costs support and reimbursement of $1,603,347 recognized in the Statement of Operations for the three months ended June 30, 2026.