Note 14. Subsequent Events

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to November 12, 2026, the date the financial statements are issued. Based on this review, other than as described below, the Company did not identify any subsequent events that would require adjustment to, or disclosure in, the condensed consolidated financial statements.

Nasdaq Minimum Bid Price Compliance

On October 7, 2026, the Company received a letter from the Nasdaq Staff notifying the Company that it had regained compliance with the Minimum Bid Price Requirement (see Note 8).

AVAX Price

As of November 10, 2026, the closing price of AVAX was $8.43 per token, compared with $10.93 as of September 30, 2026. Based on that price, the fair value of the 13,312,754 AVAX held by the Company as of September 30, 2026 would have been approximately $112,226,516, compared with $145,488,349 as of September 30, 2026.