Note 18. Subsequent Events

Issuance of Warrants in Lieu of Cash Fees

Second Annual Pre-Funded Warrants

On July 22, 2026, as payment of the annual Asset-based Fee under the GSR Asset Management Agreement for the period ended July 21, 2027 (the Second Annual Asset-based Fee), we issued GSR fully vested, nonforfeitable pre-funded warrants (the Second Annual Pre-Funded Warrants) for the purchase of up to 1,322,349 shares of our Common Stock with an exercise price of $0.0001 per share.

Second Annual Advisory Warrants

On July 22, 2026, in settlement of the annual Annual Advisory Fee (as defined in Note 17. Related Party Transactions) for the period ending July 21, 2027 (the Second Annual Advisory Fee), we issued the Second Annual GD Advisory Warrants (as defined in Note 17. Related Party Transactions) for the purchase of up to 566,721 shares of Common Stock with an exercise price of $0.0001 per share.

Share Repurchases

Between July 1, 2026 and September 22, 2026, we repurchased 1,999,604 shares of our Common Stock at a weighted-average purchase price of $1.05 per share.