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Subsequent Events
3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 14 — SUBSEQUENT EVENTS

 

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. The Company did not identify any subsequent events, except as noted below, that would have required adjustment or disclosure in the financial statements.

 

Reverse Stock Split

 

On May 12, 2025, the Company effected a 1-for-50 reverse stock split of its outstanding common stock. This corporate action was completed after the balance sheet date but prior to the issuance of these condensed consolidated and combined financial statements.

 

Pursuant to SAB Topic 4C, the reverse stock split has been reflected on a retroactive basis in the financial statements as of and for the periods ended March 31, 2025 and 2024, and December 31, 2024.