Quarterly report [Sections 13 or 15(d)]

Subsequent Events

v3.26.1
Subsequent Events
3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Subsequent Events

Note 16. Subsequent Events

 

On April 21, 2026, the Company completed a registered direct offering of 11,228,700 shares of Class A common stock and 2,225,000 pre-funded warrants, for net proceeds of approximately $53,916,703. On April 28, 2026, the Company entered into a five-year lease agreement for office space in Cape Canaveral, Florida, commencing May 1, 2026.

 

On May 11, 2026, Adarsh Parekh resigned as the Chief Financial Officer of the Company, effective June 1, 2026, to pursue a different role in a different geography. The Company has initiated a search for a new Chief Financial Officer. Effective June 1, 2026, John Burke, has been appointed as the Interim Chief Financial Officer.