| Schedule of Common Stock that are Issued and Outstanding |
The
following shares of common stock are issued and outstanding at:
| | |
As
of December 31, | |
| | |
2025 | | |
2024 | |
| | |
Number | | |
Amount | | |
Number | | |
Amount | |
| | |
| | |
| | |
| | |
| |
| Class A Common Stock | |
| 215,736,576 | | |
$ | 751,491 | | |
| 118,808,857 | | |
$ | 741,799 | |
| Class C Common Stock (and its corresponding
ExchangeCo Share) | |
| 123,690,470 | | |
| 12,369 | | |
| 165,153,621 | | |
| 16,515 | |
| Class D Common Stock | |
| 95,791,120 | | |
| 9,579 | | |
| 105,782,403 | | |
| 10,578 | |
| | |
| | | |
$ | 773,439 | | |
| | | |
$ | 768,892 | |
|
| Schedule of the Company Among its Shareholders for the Purpose of Winding-Up of its Affairs Subject to the Rights of the Preferred Shares |
The holders of Class A Common Stock are entitled to receive the remaining property of the Company upon liquidation, dissolution,
or winding-up, whether voluntary or involuntary, and any other distribution of assets of the Company among its shareholders for the purpose
of winding-up of its affairs subject to the rights of the preferred shares.
| | |
Number
of Class
A Common Stock | |
| Balance
December 31, 2024 | |
| 118,808,857 | |
| Issuance
of Class A Common Stock in exchange for Class C Common Shares (and corresponding ExchangeCo Share) | |
| 41,463,151 | |
| Issuance
of Class A Common Stock in connection with Tether transaction | |
| 33,333,333 | |
| Issuance
of Class A Common Stock upon exercise of stock options and warrants, as well as vesting of restricted stock units, net of share settlement | |
| 22,107,128 | |
| Issuance
of Class A Common Stock under ESPP | |
| 24,107 | |
| Balance
December 31, 2025 | |
| 215,736,576 | |
| | |
Number
of Class
A Common Stock | |
| Balance
December 31, 2023 | |
| 114,926,700 | |
| Issuance
of Class A Common Stock in connection with Callin acquisition | |
| 836,292 | |
| Issuance
of Class A Common Stock upon exercise of stock options and warrants, as well as vesting of restricted stock units, net of share settlement | |
| 2,845,865 | |
| Issuance
of Class A Common Stock in exchange for Class C Common Shares (and corresponding ExchangeCo Share) | |
| 200,000 | |
| Balance
December 31, 2024 | |
| 118,808,857 | |
| | |
Number
of Class
C Common Stock (and
corresponding ExchangeCo
Share) | |
| Balance December 31, 2024 | |
| 165,153,621 | |
| Issuance of Class A
Common Stock in exchange for Class C Common Stock (and corresponding ExchangeCo Share) | |
| (41,463,151 | ) |
| Balance December 31, 2025 | |
| 123,690,470 | |
| | |
Number
of Class
C Common Stock (and
corresponding ExchangeCo
Share) | |
| | |
| |
| Balance December 31, 2023 | |
| 165,353,621 | |
| Issuance of Class A
Common Stock in exchange for Class C Common Stock (and corresponding ExchangeCo Share) | |
| (200,000 | ) |
| Balance December 31, 2024 | |
| 165,153,621 | |
| | |
Number
of Class
D Common
Stock | |
| | |
| |
| Balance December 31, 2023 and
2024 | |
| 105,782,403 | |
| Cancellation of Class
D Common Stock | |
| (9,991,283 | ) |
| Balance December 31,
2025 | |
| 95,791,120 | |
|