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BAYAR • CIK 0001969475
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Operating Expenses | $21.539 | $1,027.17 | $986.503 | $1,385.977 |
| Operating Income (Loss) | $-21.539 | $-1,027.17 | $-986.503 | $-1,385.977 |
| Net Income (Loss) Attributable to Parent | $85.516 | $1,752.975 | $202.599 | $-798.611 |
| Other Nonoperating Income | — | $1.004 | $2.775 | $1.826 |
| Investment Income, Net | $107.055 | $2,779.141 | $1,186.327 | $585.54 |
| Nonoperating Income (Expense) | $107.055 | $2,780.145 | $1,189.102 | $587.366 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Cash | $582.308 | $93.62 | $44.129 | $50.543 |
| Prepaid Expense, Current | $72.014 | $31.347 | $8.336 | $48.07 |
| Assets, Current | $654.322 | $124.967 | $52.465 | $98.613 |
| Assets Held-in-trust, Noncurrent | $60,107.055 | $39,582.82 | $11,710.99 | $10,763.268 |
| Assets, Noncurrent | — | — | $11,760.99 | $12,014.746 |
| Assets | $60,791.054 | $39,707.787 | $11,813.455 | $10,861.881 |
| Accrued Liabilities, Current | $303.759 | $634.06 | $842.103 | $1,217.199 |
| Notes Payable, Current | — | $125 | — | $1,525 |
| Accounts Payable, Current | — | $86.833 | $669.311 | $1,228.932 |
| Liabilities, Current | $313.759 | $1,280.893 | $3,467.119 | $4,762.323 |
| Deferred Revenue, Noncurrent | $2,100 | $2,100 | $2,100 | $2,100 |
| Liabilities, Noncurrent | — | — | $2,100 | $2,100 |
| Liabilities | $2,413.759 | $3,380.893 | $5,567.119 | $6,862.323 |
| Temporary Equity, Carrying Amount, Attributable to Parent | $60,107.055 | $39,582.82 | $11,760.99 | $10,763.268 |
| Common Stock, Value, Issued | $0.196 | $0.173 | $0.173 | $0.173 |
| Retained Earnings (Accumulated Deficit) | $-1,729.956 | $-3,256.099 | $-5,514.827 | $-6,763.883 |
| Stockholders' Equity Attributable to Parent | $-1,729.76 | $-3,255.926 | $-5,514.654 | $-6,763.71 |
| Financial Instruments Subject to Mandatory Redemption, Settlement Terms, Number of Shares | — | 3,709,011 | 1,005,792 | 881,636 |
| Preferred Stock, Shares Authorized | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 |
| Preferred Stock, Shares Issued | 0 | 0 | 0 | 0 |
| Common Stock, Shares Authorized | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 |
| Common Stock, Shares, Outstanding | 1,725,000 | 1,732,500 | 1,732,500 | 1,732,500 |
| Proceeds from Issuance or Sale of Equity | $-2,460 | $-2,460 | $-2,460 | $-2,460 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss) Attributable to Parent | $85.516 | $1,752.975 | $202.599 | $-798.611 |
| Net Cash Provided by (Used in) Operating Activities | $-4.41 | $-488.688 | $-49.491 | $-0.132 |
| Payments for Repurchase of Common Stock | — | $23,803.376 | $30,283.157 | $9,960.299 |
| Proceeds from Notes Payable | — | $500 | $1,275 | $850 |
| Net Cash Provided by (Used in) Financing Activities | $60,586.718 | $-23,303.376 | $-29,008.157 | $-9,110.299 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $582.308 | $-488.688 | $-49.491 | $-0.132 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $582.308 | $582.308 | $93.62 | $44.129 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | — | $93.62 | $44.129 | $41.715 |
| Investment Income, Net | $107.055 | $2,779.141 | $1,186.327 | $585.54 |
| Increase (Decrease) in Other Accrued Liabilities | $8.488 | $417.134 | $208.043 | $122.913 |
| Increase (Decrease) in Other Accounts Payable and Accrued Liabilities | — | — | $582.478 | $582.478 |
| Net Cash Provided by (Used in) Investing Activities | $-60,000 | $23,303.376 | $29,008.157 | $9,110.299 |
| Increase (Decrease) in Prepaid Expense | — | $-70.344 | $-23.011 | $2.074 |
| Increase (Decrease) in Due to Related Parties, Current | $8.641 | $50 | $120.705 | $121.081 |