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Subsequent Events | 3 Months Ended
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Mar. 31, 2026
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 18 – SUBSEQUENT EVENTS World View Enterprises, Inc. On April 1, 2026, the Company completed the acquisition of World View pursuant to the Agreement and Plan of Merger (the “World View Agreement”) by and among the Company, Wassaic Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“Wassaic Merger Sub”), World View, and Fortis Advisors LLC, a Delaware limited liability company, in its capacity as the representative thereunder. Pursuant to the World View Agreement, Wassaic Merger Sub merged with and into World View, with World View continuing as the surviving entity and a wholly owned subsidiary of the Company (the “World View Merger”). At the closing of the World View Merger, the Company paid aggregate consideration of $150 million, subject to customary purchase price adjustments set forth in the World View Agreement. The consideration consisted of up to approximately $129.5 million in shares of the Company’s common stock, with the remainder payable in cash, subject to the terms and conditions of the World View Agreement. The initial accounting for the World View acquisition is incomplete as of the issuance of the condensed consolidated financial statements. Therefore, the Company is unable to provide other disclosures required by ASC 805 regarding this acquisition. Mistral, Inc. On April 24, 2026, the Company completed the acquisition of Mistral, Inc. (“Mistral”) pursuant to the Agreement and Plan of Merger (the “Mistral Agreement”), by and among the Company, Project Cyclone Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“Merger Sub”), Mistral, Inc., a Delaware corporation (“Mistral”), and Shoshana Banai (the “Mistral Stockholder”). The Mistral Agreement provides that, upon the terms and subject to the conditions set forth in the Mistral Agreement, the Company will acquire 100% of the issued and outstanding shares of Mistral (the “Mistral Merger”). At the closing of the Mistral Merger, upon the terms and subject to the conditions set forth in the Mistral Agreement, the Company shall pay an aggregate amount of $175 million, comprised of (i) $122.5 million of shares of the Company’s common stock, subject to certain adjustments set forth in the Mistral Agreement, of which (a) $17.5 million of shares shall be deposited into an escrow account for the purpose of securing the obligations of the Mistral Stockholder as set forth in the Mistral Agreement and (b) the remaining $105 million of shares shall be paid in seven equal installments within twenty days following the closing of the Mistral Merger, and (ii) $52.5 million of shares shall be deposited into an escrow account and released as follows: (x) $26.25 million of shares on the first anniversary of the closing of the Mistral Merger, (y) $13.13 million of shares on the second anniversary of the closing of the Mistral Merger, and (z) $13.13 million of shares on the third anniversary of the closing of the Mistral Merger. The initial accounting for the Mistral acquisition is incomplete as of the issuance of the condensed consolidated financial statements. Therefore, the Company is unable to provide other disclosures required by ASC 805 regarding this acquisition.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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