18. SUBSEQUENT EVENTS

Investment in Sentinel Strategic Holdings LP

On October 1, 2026, the Company entered into a Subscription Agreement with Sentinel Strategic Holdings LP (the “Fund”), a Cayman Islands exempted limited partnership, pursuant to which the Company agreed to invest $20.0 million in Class A limited partnership interests of the Fund. The Fund’s investment strategy focuses on long-term capital appreciation through strategic equity investments and acquisitions, directly or through underlying investment vehicles. On October 5, 2026, the Company completed its $20.0 million capital contribution to the Fund.

The Company has evaluated subsequent events through November 13, 2026, the date on which these unaudited consolidated financial statements were available to be issued. Except for the subsequent investment described above, the Company has determined that there were no other material subsequent events requiring recognition or disclosure in the accompanying condensed consolidated financial statements.