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Note 1 - Nature of Operations Unless the context otherwise requires, Aeries Technology, Inc. and its subsidiaries, is herein referred to as the “Company,” “ATI,” “us,” “we” and “our” in these condensed consolidated financial statements. The Company is a global leader in AI enabled value creation, business transformation, and Global Capability Center (GCC) delivery for private equity (PE) portfolio companies, supporting scalable, technology driven execution. Founded in 2012, its commitment to workforce development has earned it the Great Place to Work Certification for two consecutive years. The Company has subsidiaries in India, Mexico, Singapore and the United States.

Note 2 - Summary of Significant Accounting Policies Basis of Preparation The information presented below supplements the Significant Accounting Policies information presented in the annual report on Form 10-K for the year ended March 31, 2026. There have been no changes in accounting policies during the three months ended June 30, 2026, from those disclosed in the annual consolidated financial statements and related notes for the year ended March 31, 2026, except for those described below and also as described in “Recently Adopted Accounting Pronouncements” below. All intercompany balances and transactions have been eliminated in consolidation. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s condensed consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. <p id="xdx_84C_ecustom--AmendmentsToArticlesOfIncorporationOrBylawsAndShareConsolidationPolicyTextBlock_ziolGdAQErT1" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Amendments to Articles of Incorporation or Bylaws and Share Consolidation At the Company’s 2026 Annual General Meeting held on March 3, 2026, the Company’s shareholders approved a proposal authorizing the Company’s Board of Directors (the “Board”) to effect a consolidation of the Company’s authorized and issued Class A ordinary shares at a ratio of up to one-for-ten (1:10), with the exact ratio and timing to be determined by the Board in its sole discretion. Pursuant to such authorization, the Board approved a one-for-eight (1:8) share consolidation (the “Share Consolidation”). On June 11, 2026, the Company filed its Third Amended and Restated Memorandum and Articles of Association (“A&R Articles”) with the Registrar of Companies in the Cayman Islands to effect the Share Consolidation. The Share Consolidation became effective at 12:01 a.m., Eastern Time, on June 12, 2026 (the “Effective Time”). The Company’s Class A ordinary shares began trading on a split-adjusted basis on Nasdaq at the commencement of trading on June 12, 2026. As a result of the Share Consolidation, every eight (8) Class A ordinary shares of the Company issued and outstanding immediately prior to the Effective Time were automatically combined and converted into one (1) Class A ordinary share. The Share Consolidation reduced the number of issued and outstanding Class A ordinary shares from approximately 45,914,789 shares to approximately 5,739,349 shares. The total authorized number of Class A ordinary shares were correspondingly reduced from 500,000,000 with a par value of $0.0001 per share to 62,500,000 with a par value of $0.0008 per share. No fractional shares were issued in connection with the Share Consolidation, and any fractional shares resulting from the Share Consolidation were rounded up to the nearest whole share. In connection with the Share Consolidation, on June 12, 2026, the Company issued a notice (the “Warrant Adjustment Notice”) to holders of its warrants. In the Warrant Adjustment Notice, the Company notified Warrant holders that the Company has made the following adjustments to its outstanding Warrants, effective after the close of trading on June 11, 2026, as reflected in the Warrants upon the commencement of trading on June 12, 2026. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"></td> <td style="width: 0.25in">●</td> <td style="text-align: justify">The number of Class A ordinary shares issuable upon the exercise of each Warrant was proportionally adjusted to reflect the Share Consolidation, such that each Warrant now represents the right to purchase one eighth of a Class A ordinary share, subject to the aggregation provisions of the warrant agreement dated October 19, 2021, by and between Worldwide Webb Acquisition Corp. (“WWAC”) and Continental Stock Transfer & Trust Company, as warrant agent (the “Warrant Agreement”); and</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"></td> <td style="width: 0.25in">●</td> <td style="text-align: justify">The exercise price of each post-Share Consolidation Warrant to purchase one whole post-Share Consolidation Class A ordinary share was proportionately increased eight-fold (relative to a pre-Share Consolidation Warrant to purchase one pre-Share Consolidation Class A ordinary share), to $92.00 per post-Share Consolidation Class A ordinary share.</td></tr> </table> Proportionate adjustments were made to the per-share exercise price and/or the number of shares subject to all then-outstanding stock options and other equity awards (collectively, the “Equity Awards”), which resulted in a proportional decrease in the number of shares of the Company’s Class A ordinary shares reserved for issuance upon exercise or settlement of such Equity Awards. All share and per-share amounts in the Company’s condensed consolidated financial statements in this Form 10-Q and the notes thereto have been retroactively adjusted to reflect the Share Consolidation for all the periods presented. Going Concern The Company has the responsibility to evaluate whether conditions and/or events raise substantial doubt about its ability to meet its obligations as they become due within one year after the date that the financial statements are issued. Management’s evaluation does not initially take into consideration the potential mitigating effects of management’s plans that have not been fully implemented as of the date the financial statements are issued. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. In performing this evaluation, the Company identified the following conditions that raised substantial doubt about its ability to continue as a going concern: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">As of June 30, 2026, the Company had a working capital deficit of $4,432, primarily due to current liabilities related to the FPAs (as defined below) of $4,068, short term borrowings of $3,275 and remaining due to other current liabilities such as accrued compensation benefits and other accruals.</td> </tr> </table> The FPAs were liquidity arrangements entered into as part of the Business Combination consummated as of November 6, 2023 (“Closing Date”). Under these liquidity arrangements, certain investors agreed not to redeem their holdings in WWAC in exchange for the Company entering into the FPAs. As of June 30, 2026, the remaining balance owed to the FPA holders (as defined below) is $4,068. The maturity consideration may be settled either in cash or equity at the option of the FPA holders. Paying the maturity consideration in cash would reduce the amount of cash on hand or available debt capacity to fund our operations, which could adversely affect our ability to make necessary investments, and, therefore, could affect our results of operations. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> Sandia Investment Management LP (“Sandia”), one of the FPA holders agreed to revised terms where the remaining liability would be settled by adjusting the proceeds from FPA share sales, either via cash or additional share issuance. Further, pursuant to Amendment No. 2 dated January 22, 2026 (Amendment No. 2”) to the Letter Agreement with Sandia dated September 16, 2025 (the “Letter Agreement”) commencing March 2026, the Company is obligated to make monthly cash payments toward the outstanding amount, subject to reductions in such outstanding amount resulting from sell-downs of shares in accordance with the terms of the Letter Agreement and Amendment No. 2. The outstanding amount will be subject to 15% per annum interest calculated monthly. On July 29, 2026, after the reporting period, the Company paid Sandia $1,487 in exchange for the return of 226,509 Class A ordinary shares, which satisfied the Company’s outstanding obligations under the Sandia FPA. Additionally, on August 3, 2026, as disclosed in further detail in our Current Report on Form 8-K filed with the SEC on August 7, 2026, we entered into a letter agreement with Sea Otter Trading, LLC (“Sea Otter”) to restructures the remaining maturity obligation into scheduled installment payments, among additional provisions (the “Sea Otter Letter Agreement”). </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 0.25in; vertical-align: top"> ● </td> <td style="font: 10pt Times New Roman, Times, Serif"> Additionally, during the period ended June 30, 2026, there is a heightened risk of non-collection, leading the Company to record an allowance for doubtful accounts of approximately $1,349, compared to $1,335 as on March 31, 2026. </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Company has received a non-renewal notice on April 24, 2026, effective June 30, 2026 from a significant customer, expected to result in an annual revenue loss of approximately $5,700.</td> </tr> </table> The Company has historically financed its operations and expansions primarily with cash generated from operations and the revolving credit facility from Kotak Mahindra Bank. As of June 30, 2026 the Company had a balance of $6,069 in cash and cash equivalents and has reported positive operating cash inflow of $4,824. Management expects to have sufficient cash from the operations, cash reserves and debt capacity for the next 12 months and for the foreseeable future to finance our operations, our growth and expansion plans. Following the settlement of the Sandia obligation on July 29, 2026 and the execution of the Sea Otter Letter Agreement, the Company’s immediate liquidity requirements associated with these obligations have been reduced. However, the Company remains dependent on generating sufficient cash flows and obtaining additional financing, if necessary, to meet its ongoing operating needs and contractual obligations. The Company has undertaken or completed the following actions to improve its available cash balances, liquidity, and cash generated from operations: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 0.25in; vertical-align: top"> ● </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The success fee of approximately $2,705 was received in connection with the conclusion of a client engagement. </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Targeted cost cutting measures have been instituted, focusing on non-core expenses including those related to inorganic growth strategy, such as reductions in the use of outside vendors and professional services, as well as selective headcount and salary reductions, which are designed to improve our cash flow position without impacting core business operations.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Management believes that the settlement of the Sandia obligation, together with cash generated from operations, cost-management initiatives and other liquidity measures, will improve the Company’s liquidity position.</td> </tr> </table> The Company’s ability to continue as a going concern is dependent upon, among other things, successfully executing its mitigation plan, which includes, (i) raising additional funds from existing or new credit facilities, (ii) raising equity or equity linked capital, (iii) restructuring current liabilities into equity or long-term obligations, (iv) further negotiating for waivers from vendors, and (v) further reducing non-core expenses with a renewed focus on organic growth in the core geography that has been historically operated in, which is North America. The Company is hopeful of accomplishing its objectives through these measures in the anticipated time frame and also expects that the funds available through the above-mentioned arrangements will be sufficient to alleviate the doubts about the Company’s ability to continue as a going concern. However, there is no guarantee of the success of these efforts. The condensed consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary if the Company is unable to continue as a going concern. Nasdaq Listing Compliance On March 31, 2026, the Company received formal notice from the Listing Qualifications Staff (the “Staff”) of Nasdaq indicating that the Company’s non-compliance with Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”) would result in the delisting of the Company’s securities from Nasdaq unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company filed a timely request for a hearing before the Panel, which request stayed any further action by Nasdaq pending the issuance of a decision by the Panel and the expiration of any extension the Panel may grant to the Company following the hearing. The Company had its hearing before the Panel on May 7, 2026. On June 12, 2026, the Panel notified the Company that it determined to grant its request to continue its listing on Nasdaq subject to the Company demonstrating compliance with the Bid Price Rule on or before June 26, 2026. On June 12, 2026, the Company implemented the Share Consolidation of the Company’s Class A ordinary shares. The Share Consolidation was intended to increase the per-share trading price of the Company’s Class A ordinary shares and to assist the Company in maintaining compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. In a letter dated July 15, 2026, Nasdaq notified the Company that it had regained compliance with the Bid Price Rule, as required by the Panel’s decision. In application of Nasdaq Listing Rule 5815(d)(4)(B), the Company will be subject to a Mandatory Panel Monitor for a period of one year from July 15, 2026. If, within that one-year monitoring period, the Staff finds the Company again out of compliance with the Bid Price Rule that was the subject of the exception, notwithstanding Nasdaq Listing Rule 5810(c)(2), the Company will not be permitted to provide the Staff with a plan of compliance with respect to that deficiency and Staff will not be permitted to grant additional time for the Company to regain compliance with respect to that deficiency, nor will the company be afforded an applicable cure or compliance period pursuant to Nasdaq Listing Rule 5810(c)(3). Instead, Staff will issue a Delist Determination Letter and the Company will have an opportunity to request a new hearing with the initial Panel or a newly convened Hearings Panel if the initial Panel is unavailable. The Company will have the opportunity to respond/present to the Hearings Panel as provided by Nasdaq Listing Rule 5815(d)(4)(C). The Company’s securities may be at that time delisted from Nasdaq. Use of Estimates The preparation of condensed consolidated financial statements in accordance with generally accepted accounting practices in the United States (“US GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. Significant items subject to such estimates and assumptions include, but are not limited to, revenue recognition, allowance for credit losses, stock-based compensation, fair valuation of FPA put option liabilities and private warrant liabilities, useful lives of property and equipment, accounting for income taxes, determination of incremental borrowing rates used for operating lease liabilities and right-of-use assets and obligations related to employee benefits. Management believes that the estimates and judgments upon which it relies, are reasonable based upon information available to the Company at the time that these estimates and judgments were made. Actual results could differ from those estimates. Segment Reporting The Company operates as one operating segment. The Company’s chief operating decision maker is its chief executive officer, who reviews financial information presented on a consolidated basis for the purposes of making operating decisions, assessing financial performance and allocating resources. Forward Purchase Agreements On November 3, 2023 and November 5, 2023, WWAC entered into the Forward Purchase Agreements (“FPAs”) with Sandia, Sea Otter, YA II PN, Ltd and Meteora Capital Partners, LP (“Meteora”) (collectively, the “FPA holders”). Subscription agreements (the “Subscription Agreements”) were also executed alongside the FPA for subscription of the underlying FPA shares by the FPA holders either through a new issuance or purchase of shares from existing holders. The FPAs and Subscription Agreements have been accounted for separately as discussed below. On November 6, 2024, the Company reached an agreement with Meteora to settle the outstanding maturity consideration liability through the issuance of additional shares. As a result, the Company issued <span id="xdx_908_eus-gaap--SharesIssued_iI_pid_c20241106__us-gaap--TypeOfArrangementAxis__custom--ForwardPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--MeteoraMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zkUqlbBNYypj" title="Shares issued">7,226 Class A ordinary shares to Meteora in November 2024, settling its maturity consideration liability with Meteora. On September 16, 2025, the Company entered into a Letter Agreement (the “Letter Agreement”) with Sandia, one if its FPA holders, with respect to the Sandia FPA. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">The Letter Agreement primarily (1) provides for sales of FPA shares held by Sandia to offset the Company’s payment obligations to Sandia under the Sandia FPA at a sales price not lower than $8.40 per share continuing through December 31, 2025 (the “Designated Period”), (2) provides for the issuance and registration of additional Class A ordinary shares (the “Additional Shares”) to Sandia in an amount equal to (a) the result of dividing (i) the remaining liability at the end of the Designated Period by (ii)the greater of (x) the 30-day volume-weighted average price per Class A ordinary share on the Nasdaq Capital Market for the 30 trading days immediately preceding the expiration of the Designated Period or (y) $8.00 per share, minus (b) the number of remaining FPA Shares held by Sandia at the end of the Designated Period, provided that the total number of the Additional Shares issued shall not be less than 62,500 Class A ordinary shares, and (3) clarifies the Company’s payment obligations under the FPA in the case of a Change in Control (as defined in the Letter Agreement) or the delisting of the Company’s Class A ordinary shares from the Nasdaq Capital Market. On December 30, 2025, 169,488 Additional Shares were issued to Sandia pursuant to the Letter Agreement.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif"> On December 31, 2025, the Company entered into “Amendment No. 1” to the Letter Agreement extending the Designated Period to January 9, 2026. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left"> ● </td> <td style="font: 10pt Times New Roman, Times, Serif"> Further, on January 22, 2026, the Company and Sandia entered into “Amendment No. 2” to the Letter Agreement, pursuant to which the Company agreed that, commencing March 2026, the Company is obligated to make monthly cash payments toward the outstanding amount, subject to reductions in such outstanding amount resulting from sell-downs of shares in accordance with the terms of the Letter Agreement and Amendment No. 2. Additionally, the outstanding amount is subject to 15% per annum interest calculated monthly. </td> </tr> </table> Derivative Financial Instruments and FPA Put Option Liability The Company accounts for the Warrants (as defined below) in accordance with the guidance contained in ASC 815-40 under which the Instruments (as defined below) do not meet the criteria for equity treatment and must be recorded as liabilities. The Company accounts for the FPA put option liability as a financial liability in accordance with the guidance in ASC 480-10. Warrants and FPA are collectively referred to as the “Instruments”. The Instruments are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s condensed consolidated statement of operations. See Note 11 for further discussion of the pertinent terms of the Warrants and Note 14 for further discussion of the methodology used to determine the value of the Instruments. A derivative financial instrument written by the Company which has been accounted for in accordance with the guidance contained in ASC 815-40 including subsequent re-measurement at fair value with the changes being recognized in Company’s condensed consolidated statement of operations. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value at inception and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the condensed consolidated balance sheets as current or noncurrent based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date. Fair Value Measurements Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value should maximize the use of observable inputs and minimize the use of unobservable inputs. Assets and liabilities recorded at fair value in the condensed consolidated financial statements are categorized based upon the level of judgment associated with the inputs used to measure their fair value. Hierarchical levels which are directly related to the amount of subjectivity associated with the inputs to the valuation of these assets or liabilities are as follows: Level 1 – Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2 – Inputs that are observable, either directly or indirectly. Such prices may be based upon quoted prices for identical or comparable securities in active markets or inputs not quoted on active markets but corroborated by market data. Level 3 – Unobservable inputs that are supported by little or no market activity and reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Fair Value of Financial Instruments Except for the Warrants and FPAs as described above, the fair value of the Company’s assets and liabilities, which qualify as financial instruments under the Financial Accounting Standards Board (the “FASB”) ASC 820, “Fair Value Measurements” approximates the carrying amounts represented in the condensed consolidated balance sheets. Cash and Cash Equivalents Cash consists of the Company’s cash and bank balances. The Company considers cash equivalents to be highly liquid investments with original maturities of three months or less. Concentration of Credit Risk Financial instruments that potentially subject the Company to credit risk consist primarily of cash and cash equivalents, accounts receivable, loans to affiliates, and investments. The Company holds cash at financial institutions that the Company believes are high credit quality financial institutions and limits the amount of credit exposure with any one bank and conducts ongoing evaluations of the creditworthiness of the banks with which it does business. As of June 30, 2026 and March 31, 2026, there were three and two customers that represented 10% or greater of the Company’s accounts receivable balance, respectively. The Company expects limited credit risk arising from its long-term investments as these primarily entail investments in the Company’s affiliates that have a credit rating that is above the minimum allowable credit rating defined in the Company’s investment policy. As a part of its risk management process, the Company limits its credit risk with respect to long-term investments by performing periodic evaluations of the credit standing of counterparties to its investments. In respect of the Company’s revenue, there were two and four customers that each accounted for more than <span id="xdx_904_ecustom--ConcentrationRiskThresholdPercentage_pid_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--TwoCustomerMember_zZeO0BhgCKn6" title="Concentration of credit risk, percentage"><span id="xdx_905_ecustom--ConcentrationRiskThresholdPercentage_pid_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--FourCustomersMember_zMaylawimCL1" title="Concentration of credit risk, percentage">10% of total revenue for the three months ended June 30, 2026 and 2025, respectively. The following table shows the amount of revenue derived from each customer exceeding 10% of the Company’s revenue during the three months ended June 30, 2026, and 2025: <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfCededCreditRiskByReinsurerTextBlock_pn3n3_zwE4k3DbBxz3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of concentration of credit risk</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three Months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Customer 1</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">26</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap">%</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">14</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Customer 2</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">19</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">12</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Customer 3</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">n/a</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90E_ecustom--ConcentrationRiskThresholdPercentage_pid_dp_c20250401__20250630__srt--MajorCustomersAxis__custom--CustomerThreeMember_zZzmDhxjLXT9" title="Concentration of credit risk, percentage">11</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Customer 4</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">n/a</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">11</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> </table> Accounts receivable, net The Company records a receivable when an unconditional right to consideration exists, such that only the passage of time is required before payment of consideration is due. Timing of revenue recognition may differ from the timing of invoicing to customers. If revenue recognized on a contract exceeds the billings, then the Company records an unbilled receivable for that excess amount, which is included as part of accounts receivable, net in the Company’s condensed consolidated balance sheets. Under ASC Topic 326, accounts receivable are recorded at the invoiced amount, net of allowance for credit losses. The Company regularly reviews the adequacy of the allowance for credit losses based on a combination of factors. In establishing any required allowance, management considers historical losses adjusted for current market conditions, the current receivables aging, current payment terms and expectations of forward-looking loss estimates. Allowance for credit losses was $<span id="xdx_90F_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_pn3n3_c20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zpo67cSNmXBg" title="Allowance for credit losses">1,349 as of June 30, 2026 and $<span id="xdx_908_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_pn3n3_c20260331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_z1UI9WfGKWpl" title="Allowance for credit losses">1,335 as of March 31, 2026, and is classified within “Accounts Receivable, net” in the condensed consolidated balance sheets. The following table provides details of the Company’s allowance for credit losses on accounts receivable: <table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--SecuritiesBorrowedAllowanceForCreditLossTableTextBlock_pn3n3_zJK3pe37ueGj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 1)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Schedule of allowance for credit losses</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Opening balance as of April 1</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_903_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_z8YnnGr0gd4j" title="Opening balance">1,335</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90A_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zKBz4rfpvKYb" title="Opening balance">3,574</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Additions charged to cost and expense</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_ecustom--AdditionsChargedToCostAndExpense_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zksnd4TOMNm3" title="Additions charged to cost and expense">14</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_ecustom--AdditionsChargedToCostAndExpense_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zZuU5Qs6ZMN7" title="Additions charged to cost and expense">22</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Closing balance as of June 30</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zVPKG3YOZr7f" title="Closing balance">1,349</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zV3zA4L1Gct8" title="Closing balance">3,596</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> Long-Term Investments The Company’s long-term investments consist of debt and non-marketable equity investments in privately-held companies in which the Company does not have a controlling interest or significant influence, which have maturities in excess of one year and the Company does not intend to sell. Debt investments of mandatorily redeemable preference shares, which are classified as held-to-maturity since the Company has the intent and contractual ability to hold these securities to maturity. These investments are reported at amortized cost and are subject to an ongoing impairment evaluation. Income from these investments is recorded in “Interest income” in the condensed consolidated statements of operations. Under ASC Topic 326, expected credit losses are recorded and reduced from the amortized cost of the held-to-maturity securities. Expected credit losses for long-term investments are calculated using a probability of default method. Credit losses are recorded within “Selling, general & administrative expenses” in the condensed consolidated statements of operations when an event or circumstance indicates a decline in value has occurred. Allowance for credit losses was $<span id="xdx_904_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_pn3n3_c20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zBBX1gntwoJ2" title="Allowance for credit losses">52 as of June 30, 2026 and $<span id="xdx_90C_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_pn3n3_c20260331__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zttoUXgbLWM8" title="Allowance for credit losses">52 as of March 31, 2026. The following table provides details of the Company’s allowance for credit losses on long-term investments: <table cellpadding="0" cellspacing="0" id="xdx_896_ecustom--SecuritiesBorrowedAllowancesForCreditLossTableTextBlock_pn3n3_zrvjNV0gimZ9" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 2)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Schedule of allowance for credit losses</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Opening balance as of April 1</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_905_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_z6O7K9erIgO6" title="Opening balance">52</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_901_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zFSKSx5RYPmg" title="Opening balance">76</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Change in provision for credit losses</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_ecustom--AdditionsChargedToCostAndExpense_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_z9D2IkYEAWg7" title="Change in provision for credit losses">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_ecustom--AdditionsChargedToCostAndExpense_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zzOvBMMx0194" title="Change in provision for credit losses">1</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Closing balance as of June 30</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zcvHyTlTxHNk" title="Closing balance">52</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zZFYZz7uOHth" title="Closing balance">77</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> The Company includes these long-term investments in “Long-term investments” on the condensed consolidated balance sheets. Net Income / (loss) per Share Basic net income / (loss) per share is computed by dividing income / (loss) available to ordinary shareholders by the weighted-average number of ordinary shares outstanding during the period. Diluted net income / (loss) per share is computed using the weighted-average number of ordinary shares and potential dilutive ordinary shares outstanding during the period. The Company has not considered the effect of the Warrants sold in its initial public offering (the “Initial Public Offering”) and impact of FPA put option liability in the calculation of diluted net income / (loss) per share, since the instruments are not dilutive. Stock Based Compensation The Company recognizes as compensation expense all stock-based awards issued to employees. The compensation cost is measured based on the grant-date fair value of the related stock-based awards and is recognized over the service period of stock-based awards. The fair value of stock options is determined using the Black-Scholes valuation model, which estimates the fair value of each award on the date of grant based on a variety of assumptions including expected stock price volatility, expected terms of the awards, risk-free interest rate, and dividend rates, if applicable. Recent Accounting Pronouncements not yet Adopted In November 2024, the FASB issued ASU No. 2024-03, Disaggregation of Income Statement Expenses (Subtopic 220-40). The ASU requires the disaggregated disclosure of specific expense categories, including purchases of inventory, employee compensation, depreciation, and amortization, within relevant income statement captions. This ASU also requires disclosure of the total amount of selling expenses along with the definition of selling expenses. The ASU is effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Adoption of this ASU can either be applied prospectively to consolidated financial statements issued for reporting periods after the effective date of this ASU or retrospectively to any or all prior periods presented in the consolidated financial statements. Early adoption is also permitted. This ASU will likely result in the required additional disclosures being included in our consolidated financial statements, once adopted. We are currently evaluating the provisions of this ASU. In July 2025, the FASB issued ASU No. 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. The amendments in this update provide a practical expedient permitting an entity to assume that conditions at the balance sheet date remain unchanged over the life of the asset when estimating expected credit losses for current classified accounts receivable and contract assets. This update is effective for annual periods beginning after December 15, 2025, including interim periods within those fiscal years. Adoption of this ASU can be applied prospectively for reporting periods after its effective date. Early adoption is permitted. We are currently evaluating the provisions of this ASU and do not expect this ASU to have a material impact on our consolidated financial statements. In September 2025, the FASB issued ASU No. 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The ASU simplifies the capitalization guidance by removing all references to prescriptive and sequential software development stages (referred to as “project stages”) throughout ASC 350-40. The ASU is effective for annual periods beginning after December 15, 2027, and interim periods within those fiscal years. Adoption of this ASU can be applied prospectively for reporting periods after its effective date; or follow a modified transition approach that is based on the status of the respective projects and whether software costs were capitalized before the date of adoption; or retrospectively to any or all prior periods presented in the consolidated financial statements. Early adoption is permitted. We are currently evaluating the provisions of this ASU. In December 2025, the FASB issued ASU No. 2025-10, Government Grants (“ASC Topic 832”): Accounting for Government Grants Received by Business Entities. This ASU provides authoritative guidance on the recognition, measurement, presentation, and disclosure of government grants for business entities, creating a framework that previously did not exist under U.S. GAAP. The ASU will be effective for annual reporting periods beginning after December 15, 2028, including interim periods within those years, with early adoption permitted. The Company is currently evaluating the impact of this ASU on its consolidated financial statements. In December 2025, the FASB issued ASU No. 2025-11, Interim Reporting (“ASC Topic 270”): Narrow-Scope Improvements. This ASU provides a comprehensive list of interim disclosures that are required by U.S. GAAP and incorporates disclosure principle of material events or changes occurred since the prior year-end. The ASU will be effective for interim reporting periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of this ASU on its consolidated financial statements. The Company is currently evaluating the effect of the updates. Recently Adopted Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires an annual tabular effective tax rate reconciliation disclosure including information for specified categories and jurisdiction levels, as well as, disclosure of income taxes paid, net of refunds received, disaggregated by federal, state/local, and significant foreign jurisdiction. This ASU is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company has adopted the disclosure requirements on a prospective basis, effective for the year ended March 31, 2026.

Basis of Preparation The information presented below supplements the Significant Accounting Policies information presented in the annual report on Form 10-K for the year ended March 31, 2026. There have been no changes in accounting policies during the three months ended June 30, 2026, from those disclosed in the annual consolidated financial statements and related notes for the year ended March 31, 2026, except for those described below and also as described in “Recently Adopted Accounting Pronouncements” below. All intercompany balances and transactions have been eliminated in consolidation.

Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s condensed consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. <p id="xdx_84C_ecustom--AmendmentsToArticlesOfIncorporationOrBylawsAndShareConsolidationPolicyTextBlock_ziolGdAQErT1" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Amendments to Articles of Incorporation or Bylaws and Share Consolidation At the Company’s 2026 Annual General Meeting held on March 3, 2026, the Company’s shareholders approved a proposal authorizing the Company’s Board of Directors (the “Board”) to effect a consolidation of the Company’s authorized and issued Class A ordinary shares at a ratio of up to one-for-ten (1:10), with the exact ratio and timing to be determined by the Board in its sole discretion. Pursuant to such authorization, the Board approved a one-for-eight (1:8) share consolidation (the “Share Consolidation”). On June 11, 2026, the Company filed its Third Amended and Restated Memorandum and Articles of Association (“A&R Articles”) with the Registrar of Companies in the Cayman Islands to effect the Share Consolidation. The Share Consolidation became effective at 12:01 a.m., Eastern Time, on June 12, 2026 (the “Effective Time”). The Company’s Class A ordinary shares began trading on a split-adjusted basis on Nasdaq at the commencement of trading on June 12, 2026. As a result of the Share Consolidation, every eight (8) Class A ordinary shares of the Company issued and outstanding immediately prior to the Effective Time were automatically combined and converted into one (1) Class A ordinary share. The Share Consolidation reduced the number of issued and outstanding Class A ordinary shares from approximately 45,914,789 shares to approximately 5,739,349 shares. The total authorized number of Class A ordinary shares were correspondingly reduced from 500,000,000 with a par value of $0.0001 per share to 62,500,000 with a par value of $0.0008 per share. No fractional shares were issued in connection with the Share Consolidation, and any fractional shares resulting from the Share Consolidation were rounded up to the nearest whole share. In connection with the Share Consolidation, on June 12, 2026, the Company issued a notice (the “Warrant Adjustment Notice”) to holders of its warrants. In the Warrant Adjustment Notice, the Company notified Warrant holders that the Company has made the following adjustments to its outstanding Warrants, effective after the close of trading on June 11, 2026, as reflected in the Warrants upon the commencement of trading on June 12, 2026. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"></td> <td style="width: 0.25in">●</td> <td style="text-align: justify">The number of Class A ordinary shares issuable upon the exercise of each Warrant was proportionally adjusted to reflect the Share Consolidation, such that each Warrant now represents the right to purchase one eighth of a Class A ordinary share, subject to the aggregation provisions of the warrant agreement dated October 19, 2021, by and between Worldwide Webb Acquisition Corp. (“WWAC”) and Continental Stock Transfer & Trust Company, as warrant agent (the “Warrant Agreement”); and</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"></td> <td style="width: 0.25in">●</td> <td style="text-align: justify">The exercise price of each post-Share Consolidation Warrant to purchase one whole post-Share Consolidation Class A ordinary share was proportionately increased eight-fold (relative to a pre-Share Consolidation Warrant to purchase one pre-Share Consolidation Class A ordinary share), to $92.00 per post-Share Consolidation Class A ordinary share.</td></tr> </table> Proportionate adjustments were made to the per-share exercise price and/or the number of shares subject to all then-outstanding stock options and other equity awards (collectively, the “Equity Awards”), which resulted in a proportional decrease in the number of shares of the Company’s Class A ordinary shares reserved for issuance upon exercise or settlement of such Equity Awards. All share and per-share amounts in the Company’s condensed consolidated financial statements in this Form 10-Q and the notes thereto have been retroactively adjusted to reflect the Share Consolidation for all the periods presented.

5739349

62500000

0.0008

Going Concern The Company has the responsibility to evaluate whether conditions and/or events raise substantial doubt about its ability to meet its obligations as they become due within one year after the date that the financial statements are issued. Management’s evaluation does not initially take into consideration the potential mitigating effects of management’s plans that have not been fully implemented as of the date the financial statements are issued. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. In performing this evaluation, the Company identified the following conditions that raised substantial doubt about its ability to continue as a going concern: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">As of June 30, 2026, the Company had a working capital deficit of $4,432, primarily due to current liabilities related to the FPAs (as defined below) of $4,068, short term borrowings of $3,275 and remaining due to other current liabilities such as accrued compensation benefits and other accruals.</td> </tr> </table> The FPAs were liquidity arrangements entered into as part of the Business Combination consummated as of November 6, 2023 (“Closing Date”). Under these liquidity arrangements, certain investors agreed not to redeem their holdings in WWAC in exchange for the Company entering into the FPAs. As of June 30, 2026, the remaining balance owed to the FPA holders (as defined below) is $4,068. The maturity consideration may be settled either in cash or equity at the option of the FPA holders. Paying the maturity consideration in cash would reduce the amount of cash on hand or available debt capacity to fund our operations, which could adversely affect our ability to make necessary investments, and, therefore, could affect our results of operations. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> Sandia Investment Management LP (“Sandia”), one of the FPA holders agreed to revised terms where the remaining liability would be settled by adjusting the proceeds from FPA share sales, either via cash or additional share issuance. Further, pursuant to Amendment No. 2 dated January 22, 2026 (Amendment No. 2”) to the Letter Agreement with Sandia dated September 16, 2025 (the “Letter Agreement”) commencing March 2026, the Company is obligated to make monthly cash payments toward the outstanding amount, subject to reductions in such outstanding amount resulting from sell-downs of shares in accordance with the terms of the Letter Agreement and Amendment No. 2. The outstanding amount will be subject to 15% per annum interest calculated monthly. On July 29, 2026, after the reporting period, the Company paid Sandia $1,487 in exchange for the return of 226,509 Class A ordinary shares, which satisfied the Company’s outstanding obligations under the Sandia FPA. Additionally, on August 3, 2026, as disclosed in further detail in our Current Report on Form 8-K filed with the SEC on August 7, 2026, we entered into a letter agreement with Sea Otter Trading, LLC (“Sea Otter”) to restructures the remaining maturity obligation into scheduled installment payments, among additional provisions (the “Sea Otter Letter Agreement”). </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 0.25in; vertical-align: top"> ● </td> <td style="font: 10pt Times New Roman, Times, Serif"> Additionally, during the period ended June 30, 2026, there is a heightened risk of non-collection, leading the Company to record an allowance for doubtful accounts of approximately $1,349, compared to $1,335 as on March 31, 2026. </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The Company has received a non-renewal notice on April 24, 2026, effective June 30, 2026 from a significant customer, expected to result in an annual revenue loss of approximately $5,700.</td> </tr> </table> The Company has historically financed its operations and expansions primarily with cash generated from operations and the revolving credit facility from Kotak Mahindra Bank. As of June 30, 2026 the Company had a balance of $6,069 in cash and cash equivalents and has reported positive operating cash inflow of $4,824. Management expects to have sufficient cash from the operations, cash reserves and debt capacity for the next 12 months and for the foreseeable future to finance our operations, our growth and expansion plans. Following the settlement of the Sandia obligation on July 29, 2026 and the execution of the Sea Otter Letter Agreement, the Company’s immediate liquidity requirements associated with these obligations have been reduced. However, the Company remains dependent on generating sufficient cash flows and obtaining additional financing, if necessary, to meet its ongoing operating needs and contractual obligations. The Company has undertaken or completed the following actions to improve its available cash balances, liquidity, and cash generated from operations: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 0.25in; vertical-align: top"> ● </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The success fee of approximately $2,705 was received in connection with the conclusion of a client engagement. </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Targeted cost cutting measures have been instituted, focusing on non-core expenses including those related to inorganic growth strategy, such as reductions in the use of outside vendors and professional services, as well as selective headcount and salary reductions, which are designed to improve our cash flow position without impacting core business operations.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Management believes that the settlement of the Sandia obligation, together with cash generated from operations, cost-management initiatives and other liquidity measures, will improve the Company’s liquidity position.</td> </tr> </table> The Company’s ability to continue as a going concern is dependent upon, among other things, successfully executing its mitigation plan, which includes, (i) raising additional funds from existing or new credit facilities, (ii) raising equity or equity linked capital, (iii) restructuring current liabilities into equity or long-term obligations, (iv) further negotiating for waivers from vendors, and (v) further reducing non-core expenses with a renewed focus on organic growth in the core geography that has been historically operated in, which is North America. The Company is hopeful of accomplishing its objectives through these measures in the anticipated time frame and also expects that the funds available through the above-mentioned arrangements will be sufficient to alleviate the doubts about the Company’s ability to continue as a going concern. However, there is no guarantee of the success of these efforts. The condensed consolidated financial statements do not include any adjustments relating to the recovery of the recorded assets or the classification of the liabilities that might be necessary if the Company is unable to continue as a going concern. 4432000 4068000

3275000

4068000 1487000 226509

1349000

1335000

5700000

6069000

4824000

2705000 Nasdaq Listing Compliance On March 31, 2026, the Company received formal notice from the Listing Qualifications Staff (the “Staff”) of Nasdaq indicating that the Company’s non-compliance with Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”) would result in the delisting of the Company’s securities from Nasdaq unless the Company timely requests a hearing before the Nasdaq Hearings Panel (the “Panel”). The Company filed a timely request for a hearing before the Panel, which request stayed any further action by Nasdaq pending the issuance of a decision by the Panel and the expiration of any extension the Panel may grant to the Company following the hearing. The Company had its hearing before the Panel on May 7, 2026. On June 12, 2026, the Panel notified the Company that it determined to grant its request to continue its listing on Nasdaq subject to the Company demonstrating compliance with the Bid Price Rule on or before June 26, 2026. On June 12, 2026, the Company implemented the Share Consolidation of the Company’s Class A ordinary shares. The Share Consolidation was intended to increase the per-share trading price of the Company’s Class A ordinary shares and to assist the Company in maintaining compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. In a letter dated July 15, 2026, Nasdaq notified the Company that it had regained compliance with the Bid Price Rule, as required by the Panel’s decision. In application of Nasdaq Listing Rule 5815(d)(4)(B), the Company will be subject to a Mandatory Panel Monitor for a period of one year from July 15, 2026. If, within that one-year monitoring period, the Staff finds the Company again out of compliance with the Bid Price Rule that was the subject of the exception, notwithstanding Nasdaq Listing Rule 5810(c)(2), the Company will not be permitted to provide the Staff with a plan of compliance with respect to that deficiency and Staff will not be permitted to grant additional time for the Company to regain compliance with respect to that deficiency, nor will the company be afforded an applicable cure or compliance period pursuant to Nasdaq Listing Rule 5810(c)(3). Instead, Staff will issue a Delist Determination Letter and the Company will have an opportunity to request a new hearing with the initial Panel or a newly convened Hearings Panel if the initial Panel is unavailable. The Company will have the opportunity to respond/present to the Hearings Panel as provided by Nasdaq Listing Rule 5815(d)(4)(C). The Company’s securities may be at that time delisted from Nasdaq.

Use of Estimates The preparation of condensed consolidated financial statements in accordance with generally accepted accounting practices in the United States (“US GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. Significant items subject to such estimates and assumptions include, but are not limited to, revenue recognition, allowance for credit losses, stock-based compensation, fair valuation of FPA put option liabilities and private warrant liabilities, useful lives of property and equipment, accounting for income taxes, determination of incremental borrowing rates used for operating lease liabilities and right-of-use assets and obligations related to employee benefits. Management believes that the estimates and judgments upon which it relies, are reasonable based upon information available to the Company at the time that these estimates and judgments were made. Actual results could differ from those estimates.

Segment Reporting The Company operates as one operating segment. The Company’s chief operating decision maker is its chief executive officer, who reviews financial information presented on a consolidated basis for the purposes of making operating decisions, assessing financial performance and allocating resources.

Forward Purchase Agreements On November 3, 2023 and November 5, 2023, WWAC entered into the Forward Purchase Agreements (“FPAs”) with Sandia, Sea Otter, YA II PN, Ltd and Meteora Capital Partners, LP (“Meteora”) (collectively, the “FPA holders”). Subscription agreements (the “Subscription Agreements”) were also executed alongside the FPA for subscription of the underlying FPA shares by the FPA holders either through a new issuance or purchase of shares from existing holders. The FPAs and Subscription Agreements have been accounted for separately as discussed below. On November 6, 2024, the Company reached an agreement with Meteora to settle the outstanding maturity consideration liability through the issuance of additional shares. As a result, the Company issued <span id="xdx_908_eus-gaap--SharesIssued_iI_pid_c20241106__us-gaap--TypeOfArrangementAxis__custom--ForwardPurchaseAgreementMember__srt--CounterpartyNameAxis__custom--MeteoraMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zkUqlbBNYypj" title="Shares issued">7,226 Class A ordinary shares to Meteora in November 2024, settling its maturity consideration liability with Meteora. On September 16, 2025, the Company entered into a Letter Agreement (the “Letter Agreement”) with Sandia, one if its FPA holders, with respect to the Sandia FPA. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; text-align: justify"> <td style="width: 0.25in"></td> <td style="width: 0.25in; text-align: left">●</td> <td style="text-align: justify">The Letter Agreement primarily (1) provides for sales of FPA shares held by Sandia to offset the Company’s payment obligations to Sandia under the Sandia FPA at a sales price not lower than $8.40 per share continuing through December 31, 2025 (the “Designated Period”), (2) provides for the issuance and registration of additional Class A ordinary shares (the “Additional Shares”) to Sandia in an amount equal to (a) the result of dividing (i) the remaining liability at the end of the Designated Period by (ii)the greater of (x) the 30-day volume-weighted average price per Class A ordinary share on the Nasdaq Capital Market for the 30 trading days immediately preceding the expiration of the Designated Period or (y) $8.00 per share, minus (b) the number of remaining FPA Shares held by Sandia at the end of the Designated Period, provided that the total number of the Additional Shares issued shall not be less than 62,500 Class A ordinary shares, and (3) clarifies the Company’s payment obligations under the FPA in the case of a Change in Control (as defined in the Letter Agreement) or the delisting of the Company’s Class A ordinary shares from the Nasdaq Capital Market. On December 30, 2025, 169,488 Additional Shares were issued to Sandia pursuant to the Letter Agreement.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif"> On December 31, 2025, the Company entered into “Amendment No. 1” to the Letter Agreement extending the Designated Period to January 9, 2026. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left"> ● </td> <td style="font: 10pt Times New Roman, Times, Serif"> Further, on January 22, 2026, the Company and Sandia entered into “Amendment No. 2” to the Letter Agreement, pursuant to which the Company agreed that, commencing March 2026, the Company is obligated to make monthly cash payments toward the outstanding amount, subject to reductions in such outstanding amount resulting from sell-downs of shares in accordance with the terms of the Letter Agreement and Amendment No. 2. Additionally, the outstanding amount is subject to 15% per annum interest calculated monthly. </td> </tr> </table>

7226

169488

Derivative Financial Instruments and FPA Put Option Liability The Company accounts for the Warrants (as defined below) in accordance with the guidance contained in ASC 815-40 under which the Instruments (as defined below) do not meet the criteria for equity treatment and must be recorded as liabilities. The Company accounts for the FPA put option liability as a financial liability in accordance with the guidance in ASC 480-10. Warrants and FPA are collectively referred to as the “Instruments”. The Instruments are subject to re-measurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s condensed consolidated statement of operations. See Note 11 for further discussion of the pertinent terms of the Warrants and Note 14 for further discussion of the methodology used to determine the value of the Instruments. A derivative financial instrument written by the Company which has been accounted for in accordance with the guidance contained in ASC 815-40 including subsequent re-measurement at fair value with the changes being recognized in Company’s condensed consolidated statement of operations. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value at inception and is then re-valued at each reporting date, with changes in the fair value reported in the statements of operations. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified in the condensed consolidated balance sheets as current or noncurrent based on whether or not net-cash settlement or conversion of the instrument could be required within 12 months of the balance sheet date.

Fair Value Measurements Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value should maximize the use of observable inputs and minimize the use of unobservable inputs. Assets and liabilities recorded at fair value in the condensed consolidated financial statements are categorized based upon the level of judgment associated with the inputs used to measure their fair value. Hierarchical levels which are directly related to the amount of subjectivity associated with the inputs to the valuation of these assets or liabilities are as follows: Level 1 – Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2 – Inputs that are observable, either directly or indirectly. Such prices may be based upon quoted prices for identical or comparable securities in active markets or inputs not quoted on active markets but corroborated by market data. Level 3 – Unobservable inputs that are supported by little or no market activity and reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.

Fair Value of Financial Instruments Except for the Warrants and FPAs as described above, the fair value of the Company’s assets and liabilities, which qualify as financial instruments under the Financial Accounting Standards Board (the “FASB”) ASC 820, “Fair Value Measurements” approximates the carrying amounts represented in the condensed consolidated balance sheets.

Cash and Cash Equivalents Cash consists of the Company’s cash and bank balances. The Company considers cash equivalents to be highly liquid investments with original maturities of three months or less.

Concentration of Credit Risk Financial instruments that potentially subject the Company to credit risk consist primarily of cash and cash equivalents, accounts receivable, loans to affiliates, and investments. The Company holds cash at financial institutions that the Company believes are high credit quality financial institutions and limits the amount of credit exposure with any one bank and conducts ongoing evaluations of the creditworthiness of the banks with which it does business. As of June 30, 2026 and March 31, 2026, there were three and two customers that represented 10% or greater of the Company’s accounts receivable balance, respectively. The Company expects limited credit risk arising from its long-term investments as these primarily entail investments in the Company’s affiliates that have a credit rating that is above the minimum allowable credit rating defined in the Company’s investment policy. As a part of its risk management process, the Company limits its credit risk with respect to long-term investments by performing periodic evaluations of the credit standing of counterparties to its investments. In respect of the Company’s revenue, there were two and four customers that each accounted for more than <span id="xdx_904_ecustom--ConcentrationRiskThresholdPercentage_pid_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--TwoCustomerMember_zZeO0BhgCKn6" title="Concentration of credit risk, percentage"><span id="xdx_905_ecustom--ConcentrationRiskThresholdPercentage_pid_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__srt--MajorCustomersAxis__custom--FourCustomersMember_zMaylawimCL1" title="Concentration of credit risk, percentage">10% of total revenue for the three months ended June 30, 2026 and 2025, respectively. The following table shows the amount of revenue derived from each customer exceeding 10% of the Company’s revenue during the three months ended June 30, 2026, and 2025: <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfCededCreditRiskByReinsurerTextBlock_pn3n3_zwE4k3DbBxz3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of concentration of credit risk</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three Months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Customer 1</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">26</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap">%</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">14</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Customer 2</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">19</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">12</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Customer 3</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">n/a</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90E_ecustom--ConcentrationRiskThresholdPercentage_pid_dp_c20250401__20250630__srt--MajorCustomersAxis__custom--CustomerThreeMember_zZzmDhxjLXT9" title="Concentration of credit risk, percentage">11</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Customer 4</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">n/a</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">11</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> </table>

0.10 0.10 0.10 0.10

<table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfCededCreditRiskByReinsurerTextBlock_pn3n3_zwE4k3DbBxz3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of concentration of credit risk</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three Months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Customer 1</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">26</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap">%</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">14</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Customer 2</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">19</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">12</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Customer 3</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">n/a</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90E_ecustom--ConcentrationRiskThresholdPercentage_pid_dp_c20250401__20250630__srt--MajorCustomersAxis__custom--CustomerThreeMember_zZzmDhxjLXT9" title="Concentration of credit risk, percentage">11</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Customer 4</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">n/a</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">11</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> </table>

0.26 0.14 0.19 0.12 0.11 0.11

Accounts receivable, net The Company records a receivable when an unconditional right to consideration exists, such that only the passage of time is required before payment of consideration is due. Timing of revenue recognition may differ from the timing of invoicing to customers. If revenue recognized on a contract exceeds the billings, then the Company records an unbilled receivable for that excess amount, which is included as part of accounts receivable, net in the Company’s condensed consolidated balance sheets. Under ASC Topic 326, accounts receivable are recorded at the invoiced amount, net of allowance for credit losses. The Company regularly reviews the adequacy of the allowance for credit losses based on a combination of factors. In establishing any required allowance, management considers historical losses adjusted for current market conditions, the current receivables aging, current payment terms and expectations of forward-looking loss estimates. Allowance for credit losses was $<span id="xdx_90F_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_pn3n3_c20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zpo67cSNmXBg" title="Allowance for credit losses">1,349 as of June 30, 2026 and $<span id="xdx_908_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_pn3n3_c20260331__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_z1UI9WfGKWpl" title="Allowance for credit losses">1,335 as of March 31, 2026, and is classified within “Accounts Receivable, net” in the condensed consolidated balance sheets. The following table provides details of the Company’s allowance for credit losses on accounts receivable: <table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--SecuritiesBorrowedAllowanceForCreditLossTableTextBlock_pn3n3_zJK3pe37ueGj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 1)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Schedule of allowance for credit losses</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Opening balance as of April 1</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_903_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_z8YnnGr0gd4j" title="Opening balance">1,335</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90A_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zKBz4rfpvKYb" title="Opening balance">3,574</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Additions charged to cost and expense</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_ecustom--AdditionsChargedToCostAndExpense_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zksnd4TOMNm3" title="Additions charged to cost and expense">14</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_ecustom--AdditionsChargedToCostAndExpense_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zZuU5Qs6ZMN7" title="Additions charged to cost and expense">22</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Closing balance as of June 30</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zVPKG3YOZr7f" title="Closing balance">1,349</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zV3zA4L1Gct8" title="Closing balance">3,596</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

1349000

1335000

<table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--SecuritiesBorrowedAllowanceForCreditLossTableTextBlock_pn3n3_zJK3pe37ueGj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 1)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Schedule of allowance for credit losses</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Opening balance as of April 1</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_903_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_z8YnnGr0gd4j" title="Opening balance">1,335</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90A_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zKBz4rfpvKYb" title="Opening balance">3,574</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Additions charged to cost and expense</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_ecustom--AdditionsChargedToCostAndExpense_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zksnd4TOMNm3" title="Additions charged to cost and expense">14</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_ecustom--AdditionsChargedToCostAndExpense_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zZuU5Qs6ZMN7" title="Additions charged to cost and expense">22</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Closing balance as of June 30</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zVPKG3YOZr7f" title="Closing balance">1,349</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember_zV3zA4L1Gct8" title="Closing balance">3,596</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

1335000

3574000

14000 22000

1349000

3596000

Long-Term Investments The Company’s long-term investments consist of debt and non-marketable equity investments in privately-held companies in which the Company does not have a controlling interest or significant influence, which have maturities in excess of one year and the Company does not intend to sell. Debt investments of mandatorily redeemable preference shares, which are classified as held-to-maturity since the Company has the intent and contractual ability to hold these securities to maturity. These investments are reported at amortized cost and are subject to an ongoing impairment evaluation. Income from these investments is recorded in “Interest income” in the condensed consolidated statements of operations. Under ASC Topic 326, expected credit losses are recorded and reduced from the amortized cost of the held-to-maturity securities. Expected credit losses for long-term investments are calculated using a probability of default method. Credit losses are recorded within “Selling, general & administrative expenses” in the condensed consolidated statements of operations when an event or circumstance indicates a decline in value has occurred. Allowance for credit losses was $<span id="xdx_904_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_pn3n3_c20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zBBX1gntwoJ2" title="Allowance for credit losses">52 as of June 30, 2026 and $<span id="xdx_90C_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_pn3n3_c20260331__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zttoUXgbLWM8" title="Allowance for credit losses">52 as of March 31, 2026. The following table provides details of the Company’s allowance for credit losses on long-term investments: <table cellpadding="0" cellspacing="0" id="xdx_896_ecustom--SecuritiesBorrowedAllowancesForCreditLossTableTextBlock_pn3n3_zrvjNV0gimZ9" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 2)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Schedule of allowance for credit losses</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Opening balance as of April 1</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_905_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_z6O7K9erIgO6" title="Opening balance">52</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_901_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zFSKSx5RYPmg" title="Opening balance">76</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Change in provision for credit losses</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_ecustom--AdditionsChargedToCostAndExpense_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_z9D2IkYEAWg7" title="Change in provision for credit losses">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_ecustom--AdditionsChargedToCostAndExpense_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zzOvBMMx0194" title="Change in provision for credit losses">1</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Closing balance as of June 30</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zcvHyTlTxHNk" title="Closing balance">52</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zZFYZz7uOHth" title="Closing balance">77</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> The Company includes these long-term investments in “Long-term investments” on the condensed consolidated balance sheets.

52000

<table cellpadding="0" cellspacing="0" id="xdx_896_ecustom--SecuritiesBorrowedAllowancesForCreditLossTableTextBlock_pn3n3_zrvjNV0gimZ9" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 2)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Schedule of allowance for credit losses</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Opening balance as of April 1</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_905_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_z6O7K9erIgO6" title="Opening balance">52</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_901_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zFSKSx5RYPmg" title="Opening balance">76</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Change in provision for credit losses</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_ecustom--AdditionsChargedToCostAndExpense_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_z9D2IkYEAWg7" title="Change in provision for credit losses">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_ecustom--AdditionsChargedToCostAndExpense_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zzOvBMMx0194" title="Change in provision for credit losses">1</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Closing balance as of June 30</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pn3n3_c20260401__20260630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zcvHyTlTxHNk" title="Closing balance">52</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_pn3n3_c20250401__20250630__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--LongTermInvestmentMember_zZFYZz7uOHth" title="Closing balance">77</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

52000

76000

1000

52000

77000

Net Income / (loss) per Share Basic net income / (loss) per share is computed by dividing income / (loss) available to ordinary shareholders by the weighted-average number of ordinary shares outstanding during the period. Diluted net income / (loss) per share is computed using the weighted-average number of ordinary shares and potential dilutive ordinary shares outstanding during the period. The Company has not considered the effect of the Warrants sold in its initial public offering (the “Initial Public Offering”) and impact of FPA put option liability in the calculation of diluted net income / (loss) per share, since the instruments are not dilutive.

Stock Based Compensation The Company recognizes as compensation expense all stock-based awards issued to employees. The compensation cost is measured based on the grant-date fair value of the related stock-based awards and is recognized over the service period of stock-based awards. The fair value of stock options is determined using the Black-Scholes valuation model, which estimates the fair value of each award on the date of grant based on a variety of assumptions including expected stock price volatility, expected terms of the awards, risk-free interest rate, and dividend rates, if applicable.

Recent Accounting Pronouncements not yet Adopted In November 2024, the FASB issued ASU No. 2024-03, Disaggregation of Income Statement Expenses (Subtopic 220-40). The ASU requires the disaggregated disclosure of specific expense categories, including purchases of inventory, employee compensation, depreciation, and amortization, within relevant income statement captions. This ASU also requires disclosure of the total amount of selling expenses along with the definition of selling expenses. The ASU is effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Adoption of this ASU can either be applied prospectively to consolidated financial statements issued for reporting periods after the effective date of this ASU or retrospectively to any or all prior periods presented in the consolidated financial statements. Early adoption is also permitted. This ASU will likely result in the required additional disclosures being included in our consolidated financial statements, once adopted. We are currently evaluating the provisions of this ASU. In July 2025, the FASB issued ASU No. 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets. The amendments in this update provide a practical expedient permitting an entity to assume that conditions at the balance sheet date remain unchanged over the life of the asset when estimating expected credit losses for current classified accounts receivable and contract assets. This update is effective for annual periods beginning after December 15, 2025, including interim periods within those fiscal years. Adoption of this ASU can be applied prospectively for reporting periods after its effective date. Early adoption is permitted. We are currently evaluating the provisions of this ASU and do not expect this ASU to have a material impact on our consolidated financial statements. In September 2025, the FASB issued ASU No. 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software. The ASU simplifies the capitalization guidance by removing all references to prescriptive and sequential software development stages (referred to as “project stages”) throughout ASC 350-40. The ASU is effective for annual periods beginning after December 15, 2027, and interim periods within those fiscal years. Adoption of this ASU can be applied prospectively for reporting periods after its effective date; or follow a modified transition approach that is based on the status of the respective projects and whether software costs were capitalized before the date of adoption; or retrospectively to any or all prior periods presented in the consolidated financial statements. Early adoption is permitted. We are currently evaluating the provisions of this ASU. In December 2025, the FASB issued ASU No. 2025-10, Government Grants (“ASC Topic 832”): Accounting for Government Grants Received by Business Entities. This ASU provides authoritative guidance on the recognition, measurement, presentation, and disclosure of government grants for business entities, creating a framework that previously did not exist under U.S. GAAP. The ASU will be effective for annual reporting periods beginning after December 15, 2028, including interim periods within those years, with early adoption permitted. The Company is currently evaluating the impact of this ASU on its consolidated financial statements. In December 2025, the FASB issued ASU No. 2025-11, Interim Reporting (“ASC Topic 270”): Narrow-Scope Improvements. This ASU provides a comprehensive list of interim disclosures that are required by U.S. GAAP and incorporates disclosure principle of material events or changes occurred since the prior year-end. The ASU will be effective for interim reporting periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of this ASU on its consolidated financial statements. The Company is currently evaluating the effect of the updates. Recently Adopted Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires an annual tabular effective tax rate reconciliation disclosure including information for specified categories and jurisdiction levels, as well as, disclosure of income taxes paid, net of refunds received, disaggregated by federal, state/local, and significant foreign jurisdiction. This ASU is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company has adopted the disclosure requirements on a prospective basis, effective for the year ended March 31, 2026. Note 3 - Short-term borrowings <table cellpadding="0" cellspacing="0" id="xdx_88A_eus-gaap--ScheduleOfShortTermDebtTextBlock_pn3n3_ziBSb6lRjL9h" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Short-term borrowings (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Schedule of short-term borrowings</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">March 31, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Short-term borrowings</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">3,185</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">4,344</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Current portion of vehicle loan</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">90</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">92</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">3,275</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">4,436</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> As of June 30, 2026, the Company had a revolving credit facility with Kotak Mahindra Bank of INR 320,000 (or approximately $3,383 at the exchange rate in effect on June 30, 2026). The revolving facility is available for the Company’s operational requirements. The funded drawdown amount under the Company’s revolving facility as of June 30, 2026 and March 31, 2026, was $962 and $1,601 respectively. The interest rate is equal to the 3-months Repo Rate plus a margin of 3.90% as of June 30, 2026, and March 31, 2026, respectively. Prior to the Closing Date, WWAC modified the terms of payment owed to Shearman & Sterling LLP, a multinational law firm providing legal consultancy services to WWAC. This resulted in a reduction in the total amount owed by WWAC to Shearman & Sterling LLP from $4,800 of accounts payable to $4,000 promissory note, payable in four equal tranches. Subsequently, the promissory note was amended upon payment of $1,500, wherein the balance $2,500 was promised to be paid in two equal tranches. The Company entered into a Second Amended and Restated Promissory Note dated June 30, 2026, amending the terms of an existing $2,500 obligation to the party. The amendment provides for conditional debt forgiveness of up to $1,500, contingent on timely payment of future installments through February 2027. The Company recognized a gain on settlement of liability of $225 during the current quarter, representing the credit earned upon payment of $150 under the amended arrangement based on management’s assessment that the likelihood of default is remote and that the Company is expected to comply with the remaining payment obligations required to realize the debt forgiveness benefit. Accordingly, $2,125 owed to Shearman & Sterling LLP has been disclosed as short-term debt, as ATI has an unconditional obligation to settle it within a period of less than twelve months from June 30, 2026. Effective November 6, 2025, the Company renewed its insurance for its directors and senior officers to cover $5,000 for the period of 12 months. The total premium payable in relation to this was $577 out of which $144 was paid upfront and $433 is payable in nine equal monthly instalments of $50. The arrangement represents a financing transaction where the premium payable has been deferred. The interest payable under the arrangement amounts to $13 and will be recognized as part of the interest expense through the condensed consolidated statement of operations when paid. During the three months ended June 30, 2026, the interest expense so recognized was $4. The balance premium payable as of June 30, 2026 is $99. For additional information on the vehicle loan see Note 4 – Long-term debt.

<table cellpadding="0" cellspacing="0" id="xdx_88A_eus-gaap--ScheduleOfShortTermDebtTextBlock_pn3n3_ziBSb6lRjL9h" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Short-term borrowings (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Schedule of short-term borrowings</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">March 31, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Short-term borrowings</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">3,185</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">4,344</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Current portion of vehicle loan</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">90</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">92</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">3,275</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">4,436</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

3185000

4344000

90000

92000

3275000

4436000

320000000

3383000 962000 1601000

0.0390

Effective November 6, 2025, the Company renewed its insurance for its directors and senior officers to cover $5,000 for the period of 12 months. The total premium payable in relation to this was $577 out of which $144 was paid upfront and $433 is payable in nine equal monthly instalments of $50. The arrangement represents a financing transaction where the premium payable has been deferred. The interest payable under the arrangement amounts to $13 and will be recognized as part of the interest expense through the condensed consolidated statement of operations when paid. During the three months ended June 30, 2026, the interest expense so recognized was $4. The balance premium payable as of June 30, 2026 is $99.

Note 4 - Long-term debt Long-term debt consists of the following: <table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--ScheduleOfDebtTableTextBlock_pn3n3_zoVWtxF72fRh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Long-term debt (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of long-term debt</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">March 31, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Loan from the director of ATGBA</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">735</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">734</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Non-current portion of vehicle loan</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">60</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">64</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">795</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">798</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> For additional information on the loan from the director of Aeries Technology Group Business Accelerators Private Limited (“ATGBA”), Mr. Vaibhav Rao, to a subsidiary company, see Note 8 – Related Party Transactions - point (g) and (d), respectively. Vehicle loans On December 7, 2022, the Company entered into a vehicle loan, secured by the vehicle, for INR 11,450 (or approximately $121 at the exchange rate in effect on June 30, 2026) at 10.75% from Mercedes-Benz Financial Services India Pvt. Ltd. The Company is required to repay the loan in 48 monthly instalments beginning January 4, 2023. On August 2, 2024, the Company entered into a vehicle loan, secured by the vehicle, for INR 8,165 (or approximately $86 at the exchange rate in effect on June 30, 2026) at 10.25% from Mercedes-Benz Financial Services India Pvt. Ltd. The Company is required to repay the loan in 48 monthly instalments beginning September 4, 2024. As of June 30, 2026, the future maturities of debt by fiscal year are as follows: <table cellpadding="0" cellspacing="0" id="xdx_894_esrt--ContractualObligationFiscalYearMaturityScheduleTableTextBlock_pn3n3_z3vMQc0wJY03" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Long-term debt (Details 1)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of future maturities of debt</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_497_20260630_znyKIAIypBZh" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr id="xdx_40D_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_iI_pn3n3_maLTDzMR5_z0yia2BqHYIc" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">2027</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">821</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_iI_pn3n3_maLTDzMR5_zttq2WmcMejb" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">2028</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">11</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40D_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwoAndThree_iI_pn3n3_maLTDzMR5_zp03jpdVjjk" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">2029</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">53</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_409_eus-gaap--LongTermDebt_iTI_pn3n3_mtLTDzMR5_zfFkcjwnxsbl" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1.25pt">Total future maturities of debt</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">885</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--ScheduleOfDebtTableTextBlock_pn3n3_zoVWtxF72fRh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Long-term debt (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of long-term debt</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">March 31, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Loan from the director of ATGBA</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">735</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">734</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Non-current portion of vehicle loan</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">60</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">64</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">795</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">798</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

735000

734000

60000

64000

795000

798000

121000

0.1075

P48M

86000

0.1025

P48M

<table cellpadding="0" cellspacing="0" id="xdx_894_esrt--ContractualObligationFiscalYearMaturityScheduleTableTextBlock_pn3n3_z3vMQc0wJY03" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Long-term debt (Details 1)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of future maturities of debt</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_497_20260630_znyKIAIypBZh" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr id="xdx_40D_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwo_iI_pn3n3_maLTDzMR5_z0yia2BqHYIc" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">2027</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">821</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_403_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearThree_iI_pn3n3_maLTDzMR5_zttq2WmcMejb" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">2028</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">11</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40D_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInRollingYearTwoAndThree_iI_pn3n3_maLTDzMR5_zp03jpdVjjk" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">2029</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">53</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_409_eus-gaap--LongTermDebt_iTI_pn3n3_mtLTDzMR5_zfFkcjwnxsbl" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in; padding-bottom: 1.25pt">Total future maturities of debt</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">885</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

821000

11000

53000

885000

Note 5 - Revenue Disaggregation of Revenue The Company presents and discusses revenues by customer location. The Company believes this disaggregation best depicts how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by industry, market and other economic factors. The following table shows the disaggregation of the Company’s revenues by major customer location. Revenues are attributed to geographic regions based upon billed client location. Substantially all of the revenue in our North America region relates to operations in the United States. <table cellpadding="0" cellspacing="0" id="xdx_886_eus-gaap--DisaggregationOfRevenueTableTextBlock_pn3n3_zChm0Aij5fZi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Revenue (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Schedule of disaggregation of revenue</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three Months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">North America</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">18,592</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">13,401</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Asia Pacific and Other</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">3,326</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,929</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total revenue</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">21,918</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">15,330</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> Contract balances Contract assets comprise amounts where the Company’s right to bill is contingent on something other than the passage of time. As of June 30, 2026 and March 31, 2026, the Company’s contract assets were $544 and $166, respectively, and were recorded within “Prepaid expenses and other current assets”, net of allowance for credit losses”, on the condensed consolidated balance sheets. Contract liabilities, or deferred revenue, comprise amounts collected from the Company’s customers for revenues not yet earned and amounts which are anticipated to be recorded as revenues when services are performed. The amount of revenue recognized in the three months ended June 30, 2026 and 2025 that was included in deferred revenue at the beginning of each period was $316 and $186, respectively. As of June 30, 2026 and March 31, 2026, the Company’s deferred revenue was $3,298 and $466, respectively, and was recorded within “Other current liabilities” on the condensed consolidated balance sheets. There was no deferred revenue classified as non-current as of June 30, 2026 and March 31, 2026. Contract Acquisition Costs Direct and incremental costs incurred for acquiring contracts, such as sales commissions are contract acquisition costs and thereby classified under “Other current assets” and “Other assets” in the condensed consolidated balance sheets. Such costs are amortized over the expected duration of the relationship with customers and recorded under Selling and marketing expenses in the condensed consolidated statements of income.

<table cellpadding="0" cellspacing="0" id="xdx_886_eus-gaap--DisaggregationOfRevenueTableTextBlock_pn3n3_zChm0Aij5fZi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Revenue (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Schedule of disaggregation of revenue</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three Months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">North America</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">18,592</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">13,401</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Asia Pacific and Other</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">3,326</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">1,929</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total revenue</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">21,918</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">15,330</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

18592000

13401000

3326000

1929000

21918000

15330000

544000

166000

316000

186000

3298000

466000

Note 6 - Employee Compensation and Benefits The Company has employee benefit plans in the form of certain statutory and other programs covering its employees. Defined Benefit Plan - Gratuity The Company’s subsidiaries in India have defined benefit plans comprising of gratuity under Payments of Gratuity Act, 1972 covering eligible employees in India. The present value of the defined benefit obligations and other long-term employee benefits is determined based on actuarial valuation using the projected unit credit method. The rate used to discount defined benefit obligation is determined by reference to market yields at the balance sheet date on Indian government bonds for the estimated term of obligations. Actuarial gains or losses arising on account of experience adjustment and the effect of changes in actuarial assumptions are initially recognized in the condensed consolidated statements of comprehensive income, and the unrecognized actuarial loss is amortized to the condensed consolidated statements of operations over the average remaining service period of the active employees expected to receive benefits under the plan. Changes in “Other comprehensive income / (loss)” during the three months ended June 30, 2026 and 2025 were as follows: <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--ScheduleOfComprehensiveIncomeLossTableTextBlock_pn3n3_zUA4qFHXenhj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Employee Compensation and Benefits (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of other comprehensive income /(loss)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_49A_20260401__20260630_z5r5j4BVEssa" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_497_20250401__20250630_zXn1uwU6z1Y3" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three Months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr id="xdx_403_eus-gaap--OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax_z6vg6bafM9i" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Net actuarial (loss) / gain</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">(75</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap">)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">(93</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap">)</td> </tr> <tr id="xdx_406_ecustom--AmortizationOfNetActuarialLossGain_i_pn3n" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Amortization of net actuarial (loss) / gain</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">20</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_408_ecustom--DeferredTaxExpenseBenefit_i_pn3n" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Deferred tax benefit / (expense)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">24</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">20</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr id="xdx_40A_ecustom--UnrecognizedActuarialLossGainOnEmployeeBenefitPlanObligations_zJEG3tVl8B2b" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Unrecognized actuarial gain / (loss) on employee benefit plan obligations</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(50</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt">)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(53</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt">)</td> </tr> </table> Net defined benefit plan costs for the three months ended June 30, 2026 and 2025 include the following components: <table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--ScheduleOfCostsOfRetirementPlansTableTextBlock_pn3n3_zPFWbryxXI23" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Employee Compensation and Benefits (Details 1)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of net defined benefit plan costs</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_493_20260401__20260630_zQDEbwrLLHJi" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_49D_20250401__20250630_zZltaS7Vuyv7" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three Months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr id="xdx_40C_eus-gaap--DefinedBenefitPlanServiceCost_zXNhyKWUOeJ8" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Service costs</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">189</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">121</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_406_ecustom--PastServiceCost_zFa9qM1eYfn2" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Past service cost</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">43</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_409_ecustom--DefinedBenefitPlanInterestCosts_zrj0cbgopoki" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Interest costs</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">83</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">42</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_409_ecustom--DefinedBenefitPlanAmortizationLosses_zs7hJhvPEJoi" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Amortization of net actuarial loss</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">6</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">20</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr id="xdx_408_eus-gaap--DefinedBenefitPlanNetPeriodicBenefitCost_zPvAbpd5q0D1" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Net defined benefit plan costs</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">321</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">183</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--ScheduleOfComprehensiveIncomeLossTableTextBlock_pn3n3_zUA4qFHXenhj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Employee Compensation and Benefits (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of other comprehensive income /(loss)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_49A_20260401__20260630_z5r5j4BVEssa" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_497_20250401__20250630_zXn1uwU6z1Y3" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three Months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr id="xdx_403_eus-gaap--OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax_z6vg6bafM9i" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Net actuarial (loss) / gain</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">(75</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap">)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">(93</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap">)</td> </tr> <tr id="xdx_406_ecustom--AmortizationOfNetActuarialLossGain_i_pn3n" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Amortization of net actuarial (loss) / gain</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">1</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">20</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_408_ecustom--DeferredTaxExpenseBenefit_i_pn3n" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Deferred tax benefit / (expense)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">24</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">20</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr id="xdx_40A_ecustom--UnrecognizedActuarialLossGainOnEmployeeBenefitPlanObligations_zJEG3tVl8B2b" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Unrecognized actuarial gain / (loss) on employee benefit plan obligations</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(50</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt">)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">(53</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt">)</td> </tr> </table>

-75000

-93000

1000 20000 24000 20000 -50000 -53000

<table cellpadding="0" cellspacing="0" id="xdx_892_eus-gaap--ScheduleOfCostsOfRetirementPlansTableTextBlock_pn3n3_zPFWbryxXI23" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Employee Compensation and Benefits (Details 1)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of net defined benefit plan costs</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_493_20260401__20260630_zQDEbwrLLHJi" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_49D_20250401__20250630_zZltaS7Vuyv7" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three Months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr id="xdx_40C_eus-gaap--DefinedBenefitPlanServiceCost_zXNhyKWUOeJ8" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Service costs</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">189</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">121</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_406_ecustom--PastServiceCost_zFa9qM1eYfn2" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Past service cost</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">43</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_409_ecustom--DefinedBenefitPlanInterestCosts_zrj0cbgopoki" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Interest costs</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">83</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">42</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_409_ecustom--DefinedBenefitPlanAmortizationLosses_zs7hJhvPEJoi" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Amortization of net actuarial loss</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">6</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">20</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr id="xdx_408_eus-gaap--DefinedBenefitPlanNetPeriodicBenefitCost_zPvAbpd5q0D1" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Net defined benefit plan costs</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">321</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">183</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

189000

121000

43000 83000 42000 6000 20000

321000

183000

Note 7 - Income Taxes The Company determines its tax provision for interim periods using an estimate of its annual effective tax rate adjusted for discrete items, if any, that are considered in the relevant period. The Company updated its estimate of the annual effective tax rate, and if its estimated tax rate changes, the Company will be making a cumulative adjustment. The Company’s effective tax rate (“ETR”) is 28.4% and 16.5% for the three months ended June 30, 2026 and 2025, respectively. For the three months ended June 30, 2026, the significant increase in the ETR was due to the non-recognition of deferred tax benefits related to losses in jurisdictions with lower tax rates as compared to three months ended June 30, 2025.

0.284

0.165

Note 8 - Related Party Transactions <table cellpadding="0" cellspacing="0" id="xdx_89F_eus-gaap--ScheduleOfRelatedPartyTransactionsTableTextBlock_pn3n3_zwtbxwDYnq1k" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Related Party Transactions (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Schedule of related party transactions</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; width: 49%">Name of the related party</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center; padding-bottom: 0.5pt; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center; width: 49%">Relationship</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Aark II Pte Limited</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Affiliate entity</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><span id="xdx_904_ecustom--NameOfRelatedParty_c20260401__20260630__us-gaap--RelatedPartyTransactionAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedATPSPLMember_z7TdhPwwwpCf" title="Name of the related party">Aeries Technology Products And Strategies Private Limited (“ATPSPL”)</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Affiliate entity</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><span id="xdx_90C_ecustom--NameOfRelatedParty_c20260401__20260630__us-gaap--RelatedPartyTransactionAxis__custom--AeriesFinancialTechnologiesPrivateLimitedMember_zBOj2jflZ9v7" title="Name of the related party">Aeries Financial Technologies Private Limited</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Affiliate entity</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Bhanix Finance And Investment Limited</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Affiliate entity</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Ralak Consulting LLP</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Affiliate entity</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Venu Raman Kumar</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Chairman of ATI’s Board and controlling shareholder</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Vaibhav Rao</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Members of immediate families of Venu Raman Kumar</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Bhisham (Ajay) Khare</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Key managerial personnel</td> </tr> </table> Summary of significant transactions and balances due to and from related parties are as follows: <table cellpadding="0" cellspacing="0" id="xdx_895_ecustom--ScheduleOfSignificantTransactionsAndBalancesDueToAndFromRelatedPartiesTableTextBlock_pn3n3_zAVFZeYTHB48" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Related Party Transactions (Details 1)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of significant transactions and balances due to and from related parties</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three Months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Cost sharing arrangements</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Bhanix Finance And Investment Limited (b)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td id="xdx_980_ecustom--CostSharingArrangements_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--BhanixFinanceAndInvestmentLimitedMember_fKGIp_zb6lcIcjD4M2" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost sharing arrangements">8</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td id="xdx_98B_ecustom--CostSharingArrangements_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--BhanixFinanceAndInvestmentLimitedMember_fKGIp_zIyPZXXdCjt6" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost sharing arrangements">30</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Interest expense</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (d)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_984_eus-gaap--InterestExpense_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGQp_zr5GT9yFgNla" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest expense">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98D_eus-gaap--InterestExpense_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGQp_z919lIRd9Suh" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest expense">3</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Mr. Vaibhav Rao (g)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_983_eus-gaap--InterestExpense_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--MrVaibhavRaoMember_fKGcp_zutAFq3tWf84" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest expense">22</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_985_eus-gaap--InterestExpense_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--MrVaibhavRaoMember_fKGcp_zVk8P7gOmN5c" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest expense">24</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Interest income</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Financial Technologies Private Limited (f), (h)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_984_eus-gaap--InterestAndOtherIncome_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--AeriesFinancialTechnologiesPrivateLimitedMember_fKGYpKGgp_zVRFUXfpHyq4" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest income">54</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_984_eus-gaap--InterestAndOtherIncome_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--AeriesFinancialTechnologiesPrivateLimitedMember_fKGYpKGgp_zJD7MMfaFpX3" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest income">51</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (e), (h)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98B_eus-gaap--InterestAndOtherIncome_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGUpKGgp_zbPWJbN2Sd0a" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest income">15</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98E_eus-gaap--InterestAndOtherIncome_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGUpKGgp_zRJtjK6OirLc" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest income">16</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Legal and professional fees paid</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Ralak Consulting LLP (c)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98C_eus-gaap--ProfessionalFees_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--RalakConsultingLLPMember_fKGMp_zScvVMj9Wond" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Legal and professional fees paid">38</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98E_eus-gaap--ProfessionalFees_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--RalakConsultingLLPMember_fKGMp_zuogbgdrboj6" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Legal and professional fees paid">42</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Management consultancy service</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aark II Pte Limited (a)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_986_eus-gaap--PaymentForManagementFee_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--AarkIIPteLimitedMember_fKGEp_zIpbv55LNrR2" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Management consultancy service">330</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98E_eus-gaap--PaymentForManagementFee_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--AarkIIPteLimitedMember_fKGEp_zTIAXSWqcM9g" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Management consultancy service">983</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Office management and support services expense</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (i)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98D_eus-gaap--OfficersCompensation_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGkp_zLefFG7uT5yk" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Office management and support services expense">1</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_988_eus-gaap--OfficersCompensation_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGkp_zFg79PvO4Pg8" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Office management and support services expense">1</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: center">June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: center">March 31,</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accounts receivable</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aark II Pte Limited (a)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td id="xdx_981_eus-gaap--AccountsReceivableNet_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--AarkIIPteLimitedMember_fKGEp_ztYpqZ0yZP0d" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accounts receivable">362</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td id="xdx_984_eus-gaap--AccountsReceivableNet_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--AarkIIPteLimitedMember_fKGEp_zdv11EE2Bw7g" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accounts receivable">407</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Bhanix Finance And Investment Limited (b)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98E_eus-gaap--AccountsReceivableNet_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--BhanixFinanceAndInvestmentLimitedMember_fKGIp_zW9FQyzfie21" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accounts receivable">7</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_987_eus-gaap--AccountsReceivableNet_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--BhanixFinanceAndInvestmentLimitedMember_fKGIp_zo7K518vNmib" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accounts receivable">16</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accounts payable</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Ralak Consulting LLP (c)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98C_eus-gaap--AccountsPayableCurrent_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--RalakConsultingLLPMember_fKGMp_zjxudrkDDpoi" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accounts payable">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_987_eus-gaap--AccountsPayableCurrent_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--RalakConsultingLLPMember_fKGMp_zxUUsBBfeDFa" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accounts payable">53</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Prepaid expense and other current assets</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Receivables from Mr. Bhisham (Ajay) Khare (j)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--PrepaidExpenseCurrent_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--ReceivablesfromMrBhishamAjayKhareMember_fKGop_zppsud1zJZOj" title="Prepaid expense and other current assets">741</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90E_eus-gaap--PrepaidExpenseCurrent_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--ReceivablesfromMrBhishamAjayKhareMember_fKGop_zRjYe8JPlaBk" title="Prepaid expense and other current assets">741</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Remittance in transit – Inwards (k)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Interest payable (classified under other current liabilities)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (d)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--AccruedLiabilitiesCurrent_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGQp_zZ8NAMN2YCP8" title="Interest payable (classified under other current liabilities)">41</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--AccruedLiabilitiesCurrent_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGQp_zukccOLgqML7" title="Interest payable (classified under other current liabilities)">41</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Interest receivable (classified under prepaid expenses and other current assets)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (e)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--InterestReceivableAndOtherAssets_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGUp_zRaiCpRdWrae" title="Interest receivable (classified under prepaid expenses and other current assets)">32</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--InterestReceivableAndOtherAssets_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGUp_zaRCI4ZPLw6h" title="Interest receivable (classified under prepaid expenses and other current assets)">28</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Investment in 0.001% Series-A Redeemable preference share</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Financial Technologies Private Limited (h)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_ecustom--InvestmentInSeriesaRedeemablePreferenceShare_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--AeriesFinancialTechnologiesPrivateLtdMember_fKGgp_zd9DjxmJfNYd" title="Investment in 0.001% Series-A Redeemable preference share">1,161</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_ecustom--InvestmentInSeriesaRedeemablePreferenceShare_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--AeriesFinancialTechnologiesPrivateLtdMember_fKGgp_zdPdhQerU1ne" title="Investment in 0.001% Series-A Redeemable preference share">1,110</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Investment in 10% Cumulative redeemable preference shares</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (h)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_ecustom--InvestmentInCumulativeRedeemablePreferenceShares_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGgp_z1yMayJbhnQ1" title="Investment in 10% Cumulative redeemable preference shares">797</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_ecustom--InvestmentInCumulativeRedeemablePreferenceShares_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGgp_zrokGYND1T7" title="Investment in 10% Cumulative redeemable preference shares">786</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Loan from Members of immediate families of Venu Raman Kumar</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Mr. Vaibhav Rao (g)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_ecustom--LoanFromMembersOfImmediateFamilies_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--MrVaibhavRaoMember_fKGcp_z8ewtHyV9S1i" title="Loan from Members of immediate families of Venu Raman Kumar">735</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_ecustom--LoanFromMembersOfImmediateFamilies_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--MrVaibhavRaoMember_fKGcp_zMHAubrM725e" title="Loan from Members of immediate families of Venu Raman Kumar">734</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Loans to affiliates (classified under other assets)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Financial Technologies Private Limited (f)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_ecustom--LoansToAffiliatesClassifiedUnderOtherAssets_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--AeriesFinancialTechnologiesPrivateLtdMember_fKGYp_zC9I0l0Pfbrh" title="Loans to affiliates (classified under other assets)">92</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_ecustom--LoansToAffiliatesClassifiedUnderOtherAssets_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--AeriesFinancialTechnologiesPrivateLtdMember_fKGYp_zYt5kI9IkbE3" title="Loans to affiliates (classified under other assets)">92</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (e)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_ecustom--LoansToAffiliatesClassifiedUnderOtherAssets_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGUp_zUsY2UXQbxg1" title="Loans to affiliates (classified under other assets)">148</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_ecustom--LoansToAffiliatesClassifiedUnderOtherAssets_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGUp_zBHP2QQ9g4da" title="Loans to affiliates (classified under other assets)">148</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Advance to Vendor</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (i)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Other Payables</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Payable to Mr. Bhisham (Ajay) Khare (l)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">337</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> </table> <div style="width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">(a)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company provided management consulting services to Aark II Pte Ltd under an agreement dated June 21, 2021 and its amendments thereof.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">(b)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company was in a cost sharing arrangement with Aeries Financial Technologies Private Ltd and Bhanix Finance and Investment Ltd under separate agreements dated April 1, 2020. The cost sharing arrangement included costs in the areas of office management, IT and operations. The agreements are for a 36-month term with auto renewals after the original term.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(c)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company availed consulting services including implementation services in business restructuring, risk management, feasibility studies, mergers & acquisitions etc. from Ralak Consulting LLP via agreement dated April 1, 2022.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(d)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company incurred interest expense in relation to loans taken from ATPSPL, which were borrowed to meet working capital requirements. The loans were for a 3-year term and were issued at an interest rate of 12% per annum.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(e)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company received interest income in relation to loans given to affiliates to support their working capital requirements. The loans were for a 3-year term and issued at an interest rate of 12% per annum.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(f)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company received interest income in relation to loans given to affiliates to support their working capital requirements. The loans were for a 3-year term and issued at an interest rate of 15-17% per annum.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(g)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company obtained a loan at 12% per annum interest rate (effective April 1, 2025; 10% per annum till March 31, 2025) from Mr. Vaibhav Rao for business purposes. The agreement shall remain valid until the principal amount along with interest is fully repaid. The loan amount was outstanding as of June 30, 2026.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(h)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> This amount represents investments in affiliates. The Company earned interest income on its investments in affiliates.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">(i)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company availed management consulting services from ATPSPL under agreements dated March 20, 2020 and April 1, 2021.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(j)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> For the period ended June 30, 2026, ATI has issued 106,398 shares at a fair value of $6.96 per share to Mr. Bhisham (Ajay) Khare pursuant to the exchange agreement dated November 6, 2023 for his holding in ATGBA. As of June 30, 2026, Mr. Bhisham (Ajay) Khare is yet to transfer the shares and consequently a receivable of $741 has been recognized.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(k)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">For the year ended March 31, 2026, Mr. Bhisham (Ajay) Khare has exercised 59,110 options under Aeries Management Stock Option Plan 2019 (“MSOP”) with exercise price of INR 10 (or approximately $0.11 at the exchange rate in effect on March 31, 2026). As on June 30, 2026, the exercise price of $6.24 has been received.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(l)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> On April 27, 2026, Mr. Bhisham (Ajay) Khare transferred 59,110 shares at a fair value of $5.67 per share to ATS for his holding in ATGBA.</td> </tr> </table> The Company has also executed two Exchange Agreements: (1) with AARK and Mr. Raman Kumar in his capacity as a shareholder of AARK; and (2) with ATGBA and Mr. Sudhir Appukuttan Panikassery, Mr. Ajay Khare, and Mr. Unnikrishnan Balakrishnan Nambiar, key managerial personnel of ATGBA in their capacity as shareholders of ATGBA (together referred to as “counterparties”). Under the Exchange Agreements, the counterparties would have a right to exchange the shares held by them in AARK or ATGBA into shares of ATI or cash subject to the conditions specified in the Exchange Agreement. Refer Note 10 for details. Additionally, pursuant to the Business Combination, 704,817 Class A ordinary shares have been issued to Innovo Consultancy DMCC, which is wholly owned by Mr. Kumar.

<table cellpadding="0" cellspacing="0" id="xdx_89F_eus-gaap--ScheduleOfRelatedPartyTransactionsTableTextBlock_pn3n3_zwtbxwDYnq1k" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Related Party Transactions (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Schedule of related party transactions</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: bottom; width: 49%">Name of the related party</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center; padding-bottom: 0.5pt; width: 2%"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center; width: 49%">Relationship</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Aark II Pte Limited</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Affiliate entity</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><span id="xdx_904_ecustom--NameOfRelatedParty_c20260401__20260630__us-gaap--RelatedPartyTransactionAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedATPSPLMember_z7TdhPwwwpCf" title="Name of the related party">Aeries Technology Products And Strategies Private Limited (“ATPSPL”)</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Affiliate entity</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top"><span id="xdx_90C_ecustom--NameOfRelatedParty_c20260401__20260630__us-gaap--RelatedPartyTransactionAxis__custom--AeriesFinancialTechnologiesPrivateLimitedMember_zBOj2jflZ9v7" title="Name of the related party">Aeries Financial Technologies Private Limited</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Affiliate entity</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Bhanix Finance And Investment Limited</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Affiliate entity</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Ralak Consulting LLP</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Affiliate entity</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Venu Raman Kumar</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Chairman of ATI’s Board and controlling shareholder</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Vaibhav Rao</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Members of immediate families of Venu Raman Kumar</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top">Bhisham (Ajay) Khare</td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center"> </td> <td style="font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: justify">Key managerial personnel</td> </tr> </table>

Aark II Pte Limited Affiliate entity Aeries Technology Products And Strategies Private Limited (“ATPSPL”) Affiliate entity Aeries Financial Technologies Private Limited Affiliate entity Bhanix Finance And Investment Limited Affiliate entity Ralak Consulting LLP Affiliate entity Venu Raman Kumar Chairman of ATI’s Board and controlling shareholder Vaibhav Rao Members of immediate families of Venu Raman Kumar Bhisham (Ajay) Khare Key managerial personnel <table cellpadding="0" cellspacing="0" id="xdx_895_ecustom--ScheduleOfSignificantTransactionsAndBalancesDueToAndFromRelatedPartiesTableTextBlock_pn3n3_zAVFZeYTHB48" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Related Party Transactions (Details 1)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of significant transactions and balances due to and from related parties</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three Months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Cost sharing arrangements</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Bhanix Finance And Investment Limited (b)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td id="xdx_980_ecustom--CostSharingArrangements_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--BhanixFinanceAndInvestmentLimitedMember_fKGIp_zb6lcIcjD4M2" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost sharing arrangements">8</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td id="xdx_98B_ecustom--CostSharingArrangements_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--BhanixFinanceAndInvestmentLimitedMember_fKGIp_zIyPZXXdCjt6" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Cost sharing arrangements">30</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Interest expense</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (d)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_984_eus-gaap--InterestExpense_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGQp_zr5GT9yFgNla" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest expense">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98D_eus-gaap--InterestExpense_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGQp_z919lIRd9Suh" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest expense">3</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Mr. Vaibhav Rao (g)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_983_eus-gaap--InterestExpense_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--MrVaibhavRaoMember_fKGcp_zutAFq3tWf84" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest expense">22</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_985_eus-gaap--InterestExpense_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--MrVaibhavRaoMember_fKGcp_zVk8P7gOmN5c" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest expense">24</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Interest income</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Financial Technologies Private Limited (f), (h)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_984_eus-gaap--InterestAndOtherIncome_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--AeriesFinancialTechnologiesPrivateLimitedMember_fKGYpKGgp_zVRFUXfpHyq4" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest income">54</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_984_eus-gaap--InterestAndOtherIncome_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--AeriesFinancialTechnologiesPrivateLimitedMember_fKGYpKGgp_zJD7MMfaFpX3" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest income">51</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (e), (h)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98B_eus-gaap--InterestAndOtherIncome_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGUpKGgp_zbPWJbN2Sd0a" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest income">15</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98E_eus-gaap--InterestAndOtherIncome_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGUpKGgp_zRJtjK6OirLc" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Interest income">16</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Legal and professional fees paid</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Ralak Consulting LLP (c)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98C_eus-gaap--ProfessionalFees_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--RalakConsultingLLPMember_fKGMp_zScvVMj9Wond" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Legal and professional fees paid">38</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98E_eus-gaap--ProfessionalFees_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--RalakConsultingLLPMember_fKGMp_zuogbgdrboj6" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Legal and professional fees paid">42</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Management consultancy service</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aark II Pte Limited (a)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_986_eus-gaap--PaymentForManagementFee_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--AarkIIPteLimitedMember_fKGEp_zIpbv55LNrR2" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Management consultancy service">330</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98E_eus-gaap--PaymentForManagementFee_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--AarkIIPteLimitedMember_fKGEp_zTIAXSWqcM9g" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Management consultancy service">983</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Office management and support services expense</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (i)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98D_eus-gaap--OfficersCompensation_pn3n3_c20260401__20260630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGkp_zLefFG7uT5yk" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Office management and support services expense">1</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_988_eus-gaap--OfficersCompensation_pn3n3_c20250401__20250630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGkp_zFg79PvO4Pg8" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Office management and support services expense">1</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: center">June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: center">March 31,</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accounts receivable</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aark II Pte Limited (a)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td id="xdx_981_eus-gaap--AccountsReceivableNet_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--AarkIIPteLimitedMember_fKGEp_ztYpqZ0yZP0d" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accounts receivable">362</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td id="xdx_984_eus-gaap--AccountsReceivableNet_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--AarkIIPteLimitedMember_fKGEp_zdv11EE2Bw7g" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accounts receivable">407</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Bhanix Finance And Investment Limited (b)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98E_eus-gaap--AccountsReceivableNet_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--BhanixFinanceAndInvestmentLimitedMember_fKGIp_zW9FQyzfie21" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accounts receivable">7</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_987_eus-gaap--AccountsReceivableNet_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--BhanixFinanceAndInvestmentLimitedMember_fKGIp_zo7K518vNmib" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accounts receivable">16</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Accounts payable</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Ralak Consulting LLP (c)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_98C_eus-gaap--AccountsPayableCurrent_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--RalakConsultingLLPMember_fKGMp_zjxudrkDDpoi" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accounts payable">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_987_eus-gaap--AccountsPayableCurrent_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--RalakConsultingLLPMember_fKGMp_zxUUsBBfeDFa" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accounts payable">53</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Prepaid expense and other current assets</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Receivables from Mr. Bhisham (Ajay) Khare (j)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--PrepaidExpenseCurrent_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--ReceivablesfromMrBhishamAjayKhareMember_fKGop_zppsud1zJZOj" title="Prepaid expense and other current assets">741</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90E_eus-gaap--PrepaidExpenseCurrent_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--ReceivablesfromMrBhishamAjayKhareMember_fKGop_zRjYe8JPlaBk" title="Prepaid expense and other current assets">741</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Remittance in transit – Inwards (k)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">6</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Interest payable (classified under other current liabilities)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (d)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--AccruedLiabilitiesCurrent_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGQp_zZ8NAMN2YCP8" title="Interest payable (classified under other current liabilities)">41</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--AccruedLiabilitiesCurrent_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGQp_zukccOLgqML7" title="Interest payable (classified under other current liabilities)">41</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Interest receivable (classified under prepaid expenses and other current assets)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (e)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--InterestReceivableAndOtherAssets_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGUp_zRaiCpRdWrae" title="Interest receivable (classified under prepaid expenses and other current assets)">32</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--InterestReceivableAndOtherAssets_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGUp_zaRCI4ZPLw6h" title="Interest receivable (classified under prepaid expenses and other current assets)">28</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Investment in 0.001% Series-A Redeemable preference share</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Financial Technologies Private Limited (h)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_ecustom--InvestmentInSeriesaRedeemablePreferenceShare_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--AeriesFinancialTechnologiesPrivateLtdMember_fKGgp_zd9DjxmJfNYd" title="Investment in 0.001% Series-A Redeemable preference share">1,161</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_ecustom--InvestmentInSeriesaRedeemablePreferenceShare_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--AeriesFinancialTechnologiesPrivateLtdMember_fKGgp_zdPdhQerU1ne" title="Investment in 0.001% Series-A Redeemable preference share">1,110</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Investment in 10% Cumulative redeemable preference shares</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (h)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_ecustom--InvestmentInCumulativeRedeemablePreferenceShares_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGgp_z1yMayJbhnQ1" title="Investment in 10% Cumulative redeemable preference shares">797</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_ecustom--InvestmentInCumulativeRedeemablePreferenceShares_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGgp_zrokGYND1T7" title="Investment in 10% Cumulative redeemable preference shares">786</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Loan from Members of immediate families of Venu Raman Kumar</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Mr. Vaibhav Rao (g)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_ecustom--LoanFromMembersOfImmediateFamilies_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--MrVaibhavRaoMember_fKGcp_z8ewtHyV9S1i" title="Loan from Members of immediate families of Venu Raman Kumar">735</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_909_ecustom--LoanFromMembersOfImmediateFamilies_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--MrVaibhavRaoMember_fKGcp_zMHAubrM725e" title="Loan from Members of immediate families of Venu Raman Kumar">734</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Loans to affiliates (classified under other assets)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Financial Technologies Private Limited (f)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_ecustom--LoansToAffiliatesClassifiedUnderOtherAssets_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--AeriesFinancialTechnologiesPrivateLtdMember_fKGYp_zC9I0l0Pfbrh" title="Loans to affiliates (classified under other assets)">92</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_ecustom--LoansToAffiliatesClassifiedUnderOtherAssets_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--AeriesFinancialTechnologiesPrivateLtdMember_fKGYp_zYt5kI9IkbE3" title="Loans to affiliates (classified under other assets)">92</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (e)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_ecustom--LoansToAffiliatesClassifiedUnderOtherAssets_iI_pn3n3_c20260630__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGUp_zUsY2UXQbxg1" title="Loans to affiliates (classified under other assets)">148</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_ecustom--LoansToAffiliatesClassifiedUnderOtherAssets_iI_pn3n3_c20260331__dei--LegalEntityAxis__custom--AeriesTechnologyProductsAndStrategiesPrivateLimitedMember_fKGUp_zBHP2QQ9g4da" title="Loans to affiliates (classified under other assets)">148</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Advance to Vendor</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Aeries Technology Products And Strategies Private Limited (i)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">2</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Other Payables</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255); vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Payable to Mr. Bhisham (Ajay) Khare (l)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">337</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> </table> <div style="width: 25%"><div style="border-top: Black 1pt solid; font-size: 1pt"> </div></div> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">(a)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company provided management consulting services to Aark II Pte Ltd under an agreement dated June 21, 2021 and its amendments thereof.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">(b)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company was in a cost sharing arrangement with Aeries Financial Technologies Private Ltd and Bhanix Finance and Investment Ltd under separate agreements dated April 1, 2020. The cost sharing arrangement included costs in the areas of office management, IT and operations. The agreements are for a 36-month term with auto renewals after the original term.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(c)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company availed consulting services including implementation services in business restructuring, risk management, feasibility studies, mergers & acquisitions etc. from Ralak Consulting LLP via agreement dated April 1, 2022.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(d)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company incurred interest expense in relation to loans taken from ATPSPL, which were borrowed to meet working capital requirements. The loans were for a 3-year term and were issued at an interest rate of 12% per annum.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(e)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company received interest income in relation to loans given to affiliates to support their working capital requirements. The loans were for a 3-year term and issued at an interest rate of 12% per annum.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(f)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company received interest income in relation to loans given to affiliates to support their working capital requirements. The loans were for a 3-year term and issued at an interest rate of 15-17% per annum.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(g)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company obtained a loan at 12% per annum interest rate (effective April 1, 2025; 10% per annum till March 31, 2025) from Mr. Vaibhav Rao for business purposes. The agreement shall remain valid until the principal amount along with interest is fully repaid. The loan amount was outstanding as of June 30, 2026.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(h)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> This amount represents investments in affiliates. The Company earned interest income on its investments in affiliates.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; width: 0.25in">(i)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> The Company availed management consulting services from ATPSPL under agreements dated March 20, 2020 and April 1, 2021.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(j)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> For the period ended June 30, 2026, ATI has issued 106,398 shares at a fair value of $6.96 per share to Mr. Bhisham (Ajay) Khare pursuant to the exchange agreement dated November 6, 2023 for his holding in ATGBA. As of June 30, 2026, Mr. Bhisham (Ajay) Khare is yet to transfer the shares and consequently a receivable of $741 has been recognized.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(k)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">For the year ended March 31, 2026, Mr. Bhisham (Ajay) Khare has exercised 59,110 options under Aeries Management Stock Option Plan 2019 (“MSOP”) with exercise price of INR 10 (or approximately $0.11 at the exchange rate in effect on March 31, 2026). As on June 30, 2026, the exercise price of $6.24 has been received.</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">(l)</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> On April 27, 2026, Mr. Bhisham (Ajay) Khare transferred 59,110 shares at a fair value of $5.67 per share to ATS for his holding in ATGBA.</td> </tr> </table> 8000 30000

3000

22000

24000

54000

51000

15000

16000

38000

42000

330000

983000

1000

362000

407000

7000

16000

53000

741000

6000

41000

32000

28000

1161000 1110000 797000 786000 735000 734000 92000 92000 148000 148000 2000 2000 337000

Note 9 - Stock-Based Compensation Aeries Technology, Inc. 2023 Equity Incentive Plan The board of directors of WWAC approved the Aeries Technology, Inc. 2023 Equity Incentive Plan (the “Plan”) on March 11, 2023, subject to approval by WWAC’s shareholders. The Plan was approved by WWAC’s shareholders on November 2, 2023 and the Plan became effective upon the consummation of the Business Combination. The number of Class A ordinary shares authorized for issuance under the Plan is 1,128,879 (subject to certain adjustments set forth in the Plan). On March 27, 2025, at the Company’s annual meeting of the shareholders, the Company’s shareholders approved Amendment No. 1 (the “Plan Amendment”) to the Plan. The Plan Amendment provided for (i) increasing the total number of Class A ordinary shares authorized under the Plan to 1,491,036 shares (the “New Share Reserve”), (ii) amending the “evergreen” provision in the Plan to automatically increase the New Share Reserve by 5% on an annual basis or by such lesser amount that the compensation committee of the board of directors may determine (“Evergreen Increase”), and (iii) removing the annual limits on issuing awards to a single individual under Sections 5(d) and 5(e) of the Plan. On December 26, 2025, the Company’s board of directors approved 278,488 additional shares to be available for issuance under the Plan pursuant to the Evergreen Increase provision. On May 28, 2026, ATI’s board of directors approved an award of stock options exercisable for 125,000 Class A ordinary shares to Mr. Khare and also delegated the authority to Mr. Khare to grant 225,625 options to eligible employees who are not officers or members of the Board. Mr. Khare subsequently granted 215,625 options to employees as of May 28, 2026. Additionally, on June 5, 2026, the Board delegated authority pursuant to the Plan to Mr. Khare to grant up to 227,520 stock option awards to non-officer employees of the Company. The stock-based compensation expense is recognized in the condensed consolidated statements of comprehensive income using the straight-line attribution method over the requisite service period as per the accounting policy. The following table summarizes the stock option activity under the Plan for the period ended June 30, 2026: <table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_pn3n3_zZnMDkGd7Vl8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock-Based Compensation (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of ESOP stock option activity</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"># of Options</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Weighted average exercise price</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Weighted-average remaining life (in years)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Aggregate intrinsic value (in millions)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Options outstanding at April 1, 2026 </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20260401__20260630_z45FrLcJjnvd" title="Options outstanding weighted average exercise price, beginning">-</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Options granted</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">340,625</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630_zwoJLfurkNIg" title="Options granted weighted average exercise price">5.98</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_dtY_c20260401__20260630_zjeT3cKmvkJ6" title="Weighted average remaining contractual term, granted">1.22</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Options exercised</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630_zCbF9iUnSrbg" title="Options exercised weighted average exercise price">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Options canceled, forfeited or expired</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630_zFkpjvuVzxFl" title="Options cancelled, forfeited or expired weighted average exercise price">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Options outstanding at June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">340,625</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_c20260401__20260630_z6nqsvsDE0G3" title="Options outstanding weighted average exercise price, ending">5.98</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20260401__20260630_zkzta2rthKT4" title="Weighted average remaining contractual term">1.18</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"> <span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iE_pn3n3_c20260401__20260630_zPLLlS9HfrMg" style="color: rgb(204,238,255)" title="Aggregate intrinsic value, ending">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Vested and exercisable at June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">187,438</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice_iI_pid_c20260630_zHAaTqhLIKLl" title="Vested and exercisable weighted average exercise price">5.98</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">n/a</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> </table> As of June 30, 2026, there were 153,187 unvested options with an aggregate grant date fair value of $<span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueNonvested_iI_pn3n3_dm_c20260630_z71ihcxKnYh" title="Fair value of unvested option">0.57 million. As of June 30, 2025, there were no unvested options. The unvested options will vest in accordance with the graded vesting schedule in each respective option agreement. The options generally vest in five equal tranches, which either begin on the date of grant or on the one-year anniversary of the date of grant. A total of 187,438 options vested during the three months ended June 30, 2026. The Company uses the Black-Scholes valuation model to measure the grant-date fair value of stock options. For employee awards subject solely to service conditions and having a graded vesting schedule, the Company recognizes compensation cost on a straight-line basis over the requisite service period applicable to each separately vesting tranche, treating each tranche as a separate award for attribution purposes, in accordance with ASC 718-10-35-8. To determine the fair value of stock options using the Black-Scholes valuation model, the calculation takes into consideration the effect of the following: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify; padding-left: 0.125in; text-indent: -0.125in">Exercise price of the option</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Fair value of the Class A ordinary shares on the date of grant</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Expected term of the option</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Expected volatility over the expected term of the option</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif"> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Risk-free interest rate for the expected term of the option</td> </tr> </table> The calculation includes several assumptions that require management’s judgment. The expected term of the options is calculated using the simplified method described in GAAP. The simplified method defines the expected term as the average of the contractual term and the vesting period. Estimated volatility is derived from volatility calculated using historical closing prices of common shares of similar entities whose share prices are publicly available for the expected term of the options. The risk-free interest rate is based on the U.S. Treasury constant maturities in effect at the time of grant for the expected term of the options. The following assumptions were used in the Black-Scholes valuation model for options granted during the three months ended June 30, 2026: <table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ScheduleOfAssumptionsUsedTableTextBlock_pn3n3_zHAiZkYeRiU4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock-Based Compensation (Details 1)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Schedule of assumptions used</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">70</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0pt; text-indent: 0pt">Risk-free interest rate</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">4.2</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0pt; text-indent: 0pt">Expected term (in years)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2_dtY_c20260401__20260630_zWhmkadOihj1" title="Expected term (in years)">5</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0pt; text-indent: 0pt">Expected dividend yield</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">0.0</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Exercise price per Class A ordinary share</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5.98</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> </table> There were no options issued for the three months ended June 30, 2025 under this plan. The weighted-average grant-date fair value per share of stock options granted during the three months ended June 2026 was $<span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_pid_c20260401__20260630_zYokrSrEyf39" title="Weighted-average grant-date fair value per share of stock options granted">3.82 per share. The aggregate grant date fair value of the 187,438 options granted and vested during the three months ended June 2026 was $<span id="xdx_909_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue_pn3n3_dm_c20260401__20260630_zI22ztuJ3214" title="Fair value of options granted">0.69 million. Aeries Employees Stock Option Plan, 2020 On August 1, 2020, ATGBA’s board of directors approved and executed the Aeries Employees Stock Option Plan (“ESOP”), which was subsequently amended on July 22, 2022. Under ESOP, the company is authorized to grant up to 59,900 options to eligible employees in one or more tranches. The company granted 59,900 options to eligible employees during the year ended March 31, 2023. The options issued under the ESOP generally are subject to service conditions. The service condition is typically one year. The stock-based compensation expense is recognized in the condensed consolidated statements of comprehensive income using the straight-line attribution method over the requisite service period. The following table summarizes the ESOP stock option activity for the three months ended June 30, 2026: <table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfShareBasedCompensationStockOptionActivityTableTextBlock_pn3n3_zG2PkmEhLfA5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock-Based Compensation (Details 2)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of stock option activity</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Shares</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Weighted average exercise price</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Weighted-average remaining contractual term (in years)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Aggregate intrinsic value</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Options outstanding at April 1, 2026 </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_z8ORcozbUFGc" title="Options outstanding, beginning">59,900</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zFiyl3jSSAI1" title="Options outstanding weighted average exercise price, beginning">-</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iS_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_za5Ix8xWwkCf" title="Aggregate intrinsic value, beginning">-</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Options granted</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zs8Lz7RHiC6e" title="Options granted">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zN6ohgurgtJ6" title="Options granted weighted average exercise price">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Options exercised</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zv5ETUEhLIQl" title="Options exercised weighted average exercise price">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zpFICPSSSeWh" title="Aggregate intrinsic value, exercised">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Options canceled, forfeited or expired</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zJcl2R3thdY1" title="Options cancelled, forfeited or expired">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zyuDEotTunw4" title="Options cancelled, forfeited or expired weighted average exercise price">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Options outstanding at June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zZn3vkqsdH86" title="Options outstanding, ending">59,900</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zFc0Bhlg57V4" title="Options outstanding weighted average exercise price, ending">0.11</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zQGom9751IKf" title="Weighted average remaining contractual term">2.07</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iE_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zwYODq9yePLe" title="Aggregate intrinsic value, ending">635</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Vested and exercisable at June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_iI_pid_c20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_z4HgAwi4Jwac" title="Vested and exercisable">59,900</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice_iI_pid_c20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zOXj4e6xjN1h" title="Vested and exercisable weighted average exercise price">0.11</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1_dtY_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zvIFjtg0Q6Z1" title="Weighted average remaining contractual term, vested and exercisable">2.07</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_iI_pn3n3_c20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_z9F7SMxuV0sf" title="Aggregate intrinsic value, vested and exercisable">635</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> </table> Aeries Management Stock Option Plan, 2019 On September 23, 2019, ATGBA’s board of directors approved and executed the Aeries Management Stock Option Plan 2019 (“MSOP”), which was subsequently amended on September 30, 2022. Under MSOP, ATGBA has authorized to grant up to 295,565 options to eligible employees in one or more tranches. The options issued under the MSOP generally are subject to both service and performance conditions. The service condition is typically one year, and the performance conditions are based on the condensed consolidated revenue and adjusted profit before tax of ATGBA. The stock-based compensation expense is recognized in the condensed consolidated statements of comprehensive income using the straight-line attribution method over the requisite service period if it is probable that the performance target will be achieved. During the three months ended June 30, 2026, and 2025, the Company recorded stock-based compensation expense of $710 and $Nil 0 within “Selling, general & administrative expenses” in the condensed consolidated statements of operations, respectively. As of June 30, 2026 and 2025, there was no unrecognized stock-based compensation cost.

1128879

1491036

278488 ATI’s board of directors approved an award of stock options exercisable for 125,000 Class A ordinary shares to Mr. Khare and also delegated the authority to Mr. Khare to grant 225,625 options to eligible employees who are not officers or members of the Board. Mr. Khare subsequently granted 215,625 options to employees as of May 28, 2026. Additionally, on June 5, 2026, the Board delegated authority pursuant to the Plan to Mr. Khare to grant up to 227,520 stock option awards to non-officer employees of the Company.

<table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock_pn3n3_zZnMDkGd7Vl8" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock-Based Compensation (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of ESOP stock option activity</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"># of Options</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Weighted average exercise price</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Weighted-average remaining life (in years)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Aggregate intrinsic value (in millions)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Options outstanding at April 1, 2026 </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20260401__20260630_z45FrLcJjnvd" title="Options outstanding weighted average exercise price, beginning">-</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Options granted</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">340,625</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630_zwoJLfurkNIg" title="Options granted weighted average exercise price">5.98</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms_dtY_c20260401__20260630_zjeT3cKmvkJ6" title="Weighted average remaining contractual term, granted">1.22</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Options exercised</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630_zCbF9iUnSrbg" title="Options exercised weighted average exercise price">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Options canceled, forfeited or expired</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630_zFkpjvuVzxFl" title="Options cancelled, forfeited or expired weighted average exercise price">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Options outstanding at June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">340,625</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_c20260401__20260630_z6nqsvsDE0G3" title="Options outstanding weighted average exercise price, ending">5.98</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20260401__20260630_zkzta2rthKT4" title="Weighted average remaining contractual term">1.18</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"> <span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iE_pn3n3_c20260401__20260630_zPLLlS9HfrMg" style="color: rgb(204,238,255)" title="Aggregate intrinsic value, ending">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Vested and exercisable at June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">187,438</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice_iI_pid_c20260630_zHAaTqhLIKLl" title="Vested and exercisable weighted average exercise price">5.98</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">n/a</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> </table>

340625

5.98

P1Y2M19D

340625

5.98

P1Y2M4D

187438

5.98

153187

570000

187438

<table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ScheduleOfAssumptionsUsedTableTextBlock_pn3n3_zHAiZkYeRiU4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock-Based Compensation (Details 1)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.25in; text-indent: -0.125in">Schedule of assumptions used</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Volatility</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">70</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0pt; text-indent: 0pt">Risk-free interest rate</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">4.2</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0pt; text-indent: 0pt">Expected term (in years)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2_dtY_c20260401__20260630_zWhmkadOihj1" title="Expected term (in years)">5</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0pt; text-indent: 0pt">Expected dividend yield</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">0.0</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Exercise price per Class A ordinary share</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5.98</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> </table>

0.70

0.042

P5Y

0.000

5.98

3.82

187438

690000

59900

<table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfShareBasedCompensationStockOptionActivityTableTextBlock_pn3n3_zG2PkmEhLfA5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Stock-Based Compensation (Details 2)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of stock option activity</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Shares</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Weighted average exercise price</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Weighted-average remaining contractual term (in years)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Aggregate intrinsic value</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Options outstanding at April 1, 2026 </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iS_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_z8ORcozbUFGc" title="Options outstanding, beginning">59,900</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iS_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zFiyl3jSSAI1" title="Options outstanding weighted average exercise price, beginning">-</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iS_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_za5Ix8xWwkCf" title="Aggregate intrinsic value, beginning">-</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Options granted</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zs8Lz7RHiC6e" title="Options granted">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zN6ohgurgtJ6" title="Options granted weighted average exercise price">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Options exercised</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_907_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zv5ETUEhLIQl" title="Options exercised weighted average exercise price">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zpFICPSSSeWh" title="Aggregate intrinsic value, exercised">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Options canceled, forfeited or expired</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zJcl2R3thdY1" title="Options cancelled, forfeited or expired">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zyuDEotTunw4" title="Options cancelled, forfeited or expired weighted average exercise price">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Options outstanding at June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber_iE_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zZn3vkqsdH86" title="Options outstanding, ending">59,900</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice_iE_pid_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zFc0Bhlg57V4" title="Options outstanding weighted average exercise price, ending">0.11</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2_dtY_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zQGom9751IKf" title="Weighted average remaining contractual term">2.07</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue_iE_pn3n3_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zwYODq9yePLe" title="Aggregate intrinsic value, ending">635</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Vested and exercisable at June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber_iI_pid_c20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_z4HgAwi4Jwac" title="Vested and exercisable">59,900</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice_iI_pid_c20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zOXj4e6xjN1h" title="Vested and exercisable weighted average exercise price">0.11</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1_dtY_c20260401__20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_zvIFjtg0Q6Z1" title="Weighted average remaining contractual term, vested and exercisable">2.07</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue_iI_pn3n3_c20260630__us-gaap--AwardTypeAxis__custom--ESOPStockOptionMember_z9F7SMxuV0sf" title="Aggregate intrinsic value, vested and exercisable">635</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> </table>

59900

0.11

P2Y25D

635000

59900

0.11

P2Y25D

635000

295565

710000

Note 10 - Commitments and Contingencies Indemnification obligations In the normal course of business, the Company is a party to a variety of agreements under which it may be obligated to indemnify the other party for certain matters. These obligations typically arise in contracts where the Company customarily agrees to hold the other party harmless against losses arising from a breach of representations or covenants for certain matters, infringement of third-party intellectual property rights, data privacy violations, and certain tortious conduct in the course of providing services. The duration of these indemnifications varies, and in certain cases, is indefinite. The Company is unable to reasonably estimate the maximum potential amount of future payments under these or similar agreements due to the unique facts and circumstances of each agreement and the fact that certain indemnifications provide for no limitation to the maximum potential future payments under the indemnification. Management is not aware of any such matters that would have a material effect on the condensed consolidated financial statements of the Company. Legal Proceedings From time to time, the Company may be involved in proceedings and litigation, claims and other legal matters arising in the ordinary course of business. Some of these claims, lawsuits, and other proceedings may involve highly complex issues that are subject to substantial uncertainties, and could result in damages, fines, penalties, non-monetary sanctions, or relief. Management is not currently aware of any material pending legal proceedings, except for ordinary routine litigation incidental to the business, in which we or any of our subsidiaries are involved, or where our property is subject to such proceedings. Exchange Agreements Upon consummation of the Business Combination, the holders of AARK ordinary shares and ATGBA ordinary shares each entered into the Exchange Agreements. Pursuant to the Exchange Agreements, subject to certain exercise conditions, the Company shall have the right to acquire all of the AARK or ATGBA ordinary share for Class A ordinary shares or cash. In addition, subject to certain exercise condition, each shareholder of ATGBA and AARK ordinary shares shall have the right to require the Company to provide Class A ordinary shares or cash in exchange for up to all of the AARK or ATGBA ordinary shares. Each share of AARK may be exchanged for 280.75 Class A ordinary shares the Company and each ATGBA ordinary share may be exchanged for 1.80 Class A ordinary shares of the Company, in each case subject to certain adjustments. The cash exchange payment may only be elected in the event approval from the Reserve Bank of India is not obtained for exchange of shares and provided that the Company has reasonable cash flow to be able to pay the cash exchange payment and such payment would not be prohibited by any then outstanding debt agreements or arrangements of the Company.

Note 11 - Warrant Liabilities On October 22, 2021, pursuant to the consummation of the Initial Public Offering, the Company issued 11,499,991 Public Warrants. Simultaneously with the closing of the Initial Public Offering, WWAC issued 8,900,000 warrants in a private placement (the “Private Placement Warrants”), at a purchase price of $1.00 per Private Placement Warrant, which included 900,000 units as a result of the underwriter’s full exercise of its option to purchase up to 900,000 additional warrants, at a purchase price of $1.00 per Private Placement Warrant. On November 6, 2023, WWAC issued 627,810 other Private Placement Warrants to the Sponsor pursuant to the conversion of a promissory note payable to the Sponsor. Upon consummation of the Business Combination, the Company assumed 11,499,991 Public Warrants and 9,527,810 Private Placement Warrants (collectively the “Warrants”). The Company accounted for the Warrants in accordance with the guidance contained in ASC 815-40 given that certain provisions within the warrant agreement either preclude the warrants from being considered indexed to the ATI’s own stock or the fixed-for-fixed option criteria are not met. On this basis the Public and Private Placement Warrants are classified as a liability and are measured at fair value. This liability is subject to re-measurement at each balance sheet date. With each such re-measurement, the warrant liability will be adjusted to fair value, with the change in fair value recognized in the Company’s condensed consolidated statement of operations. Each whole Warrant entitles the holder thereof to purchase one- eighth of one Class A ordinary share of the Company, par value $0.0008 per share, for $<span id="xdx_90E_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember_zhdvGmfawhI6" title="Exercise price of warrants">92.00 per share, subject to adjustment as described herein. Only whole Warrants are exercisable. A holder of the Warrants will not be able to exercise any fraction of a Warrant. The Warrants will expire at 5:00 p.m. New York City time on November 6, 2028, or earlier upon redemption or liquidation. On the exercise of any Warrant, the Warrant exercise price will be paid directly to us. The Company may redeem the outstanding Warrants: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">in whole and not in part;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">at a price of $0.01 per Public Warrant;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">upon not less than 30 days’ prior written notice of redemption to each Warrant holder; and</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">if, and only if, the last reported sales price of the Class A ordinary shares for any 20 trading days within a 30-trading day period ending on third trading day prior to the date on which the Company sends the notice of redemption to the Warrant holders (the “Reference Value”) equals or exceeds $144.00 per Class A ordinary share (as adjusted); provided that the Private Placement Warrants will not be redeemable by the Company under this provision so long as they are held by the initial purchasers of the Private Placement Warrants or their permitted transferees.</td> </tr> </table> The Company may also redeem the outstanding Warrants: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">in whole and not in part;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">at $0.10 per warrant</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">upon a minimum of 30 days’ prior written notice of redemption provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares based on the redemption date and the fair market value of the Class A ordinary shares;</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">●</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">if, and only if, the Reference Value equals or exceeds $80.00 per Class A ordinary share (as adjusted); provided that if the Reference Value equals or exceeds $144.00 per Class A ordinary share (as adjusted), the Private Placement Warrants will not be redeemable by the Company under this provision so long as they are held by the initial purchasers of the Private Placement Warrants or their permitted transferees.</td> </tr> </table> No fractional Class A ordinary shares will be issued upon redemption. If, upon redemption, a holder would be entitled to receive a fractional interest in a share, the Company will round down to the nearest whole number of the number of Class A ordinary shares to be issued to the holder. the consummation of the Initial Public Offering, the Company issued 11,499,991 Public Warrants. Simultaneously with the closing of the Initial Public Offering, WWAC issued 8,900,000 warrants in a private placement (the “Private Placement Warrants”), at a purchase price of $1.00 per Private Placement Warrant, which included 900,000 units as a result of the underwriter’s full exercise of its option to purchase up to 900,000 additional warrants, at a purchase price of $1.00 per Private Placement Warrant. On November 6, 2023, WWAC issued 627,810 other Private Placement Warrants to the Sponsor pursuant to the conversion of a promissory note payable to the Sponsor. Upon consummation of the Business Combination, the Company assumed 11,499,991 Public Warrants and 9,527,810 Private Placement Warrants (collectively the “Warrants”).

92.00

144.00 144.00

Note 12 - Redeemable Noncontrolling Interest and Shareholders’ Equity / (Deficit) The condensed consolidated statements of changes in Redeemable Noncontrolling Interest and Shareholders’ Equity (Deficit) reflect the reverse recapitalization and Business Combination. Share Consolidation On June 12, 2026 (the “Effective Time”), the Company implemented the one for-eight Share Consolidation of the Company’s Class A ordinary shares and the Company’s Class A ordinary shares began trading on a split-adjusted basis on the Nasdaq Stock Market at the commencement of trading on June 12, 2026. Refer to further details as discussed in Note 1 Organization and Basis of Presentation. Preference shares The Company is authorized to issue 5,000,000 shares of preference shares, par value $0.0001 per share, with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors. As of June 30, 2026, there were no shares of preference shares issued or outstanding. Class A ordinary shares Due to the Share Consolidation, the total authorized number of Class A ordinary shares was correspondingly reduced from 500,000,000 with a par value of $0.0001 per share to 62,500,000 with a par value of $<span id="xdx_903_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20260630__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zbixhVeMNUGe" title="Common stock, par or stated value per share">0.0008 per share. As of June 30, 2026, the number of issued and outstanding shares of the Company’s Class A ordinary shares was 5,642,911 (which includes 226,508 Class A ordinary shares subject to the FPAs). Each Class A ordinary share carries one vote and entitles the shareholders to ratable rights in dividends and distributions as well as in the event of liquidation. Class V ordinary shares The Company is authorized to issue 1 Class V ordinary share with a par value of $<span id="xdx_900_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20260630__us-gaap--StatementClassOfStockAxis__custom--CommonClassVMember_zBt0CE60e4y9" title="Common stock, par or stated value per share">0.0001 per share. As of June 30, 2026, there was 1 Class V ordinary share issued and outstanding. The Class V share does not carry any direct economic rights in dividends and other distributions or in an event of liquidation. It does carry voting rights equal to 1.3% which will ratchet up to 51% voting rights upon occurrence of “extraordinary events” at the ATI level. Treasury Stock As of June 30, 2026, the Company has 431,688 Class A ordinary shares held as treasury stock which were repurchased by the Company. The Company records treasury stock using the cost method. Share Repurchase Program The Company has established a 10b5-1 plan (the “March 10b5-1 Plan”) on March 23, 2026 to repurchase Class A ordinary shares, par value $0.0008 per share, and under which Roth Capital Partners, LLC (“Broker”) acts as its exclusive agent to execute the Plan. During the March 10b5-1 Plan period, Broker purchased on a daily basis the number of the Company’s Class A ordinary equal to the lesser of (i) the maximum number of shares permitted by the volume limitations and other conditions contained in Rule 10b-18 and any other applicable legal, regulatory or self-regulatory requirements, and (ii) the number of shares that may be purchased using the dollar amounts set forth below. The maximum amount for cumulative purchases was $3,000 (exclusive of commissions). The Company’s share repurchase program does not obligate the Company to acquire a minimum amount of shares. Under the program, shares maybe repurchased in privately negotiated or open market transactions, including under plans complying with Rule 10b5-1 under the Exchange Act. As of June 2026, the Company repurchased the maximum dollar amount of shares under the March 10b5-1 Plan and it was completed in accordance with its terms. On June 23, 2026, the Company adopted a Rule 10b5-1 share repurchase plan with Broker to facilitate repurchases of its Class A ordinary shares in accordance with Rule 10b5-1 and the safe harbor provisions of Rule 10b-18 under the Exchange Act (the “June 10b5-1 Plan”). The June 10b5-1 Plan became effective on June 24, 2026, and authorizes Broker, as the Company’s exclusive broker, to repurchase shares pursuant to predetermined terms and conditions. The Company terminated the June 10b5-1 Plan on July 24, 2026. During the period ending June 30, 2026, the Company repurchased 419,274 Class A ordinary shares for $2,157 inclusive of commission to be held as treasury stock at cost according to ASC 505. Further, the Company has cancelled 362,330 repurchased Class A ordinary shares on April 17, 2026. Equity financing On April 8, 2024, the Company entered into a private placement transaction (the “Private Placement”), pursuant to a Share Subscription Agreement (the “Share Subscription Agreement”) with an institutional accredited investor (the “Investor”) for aggregate gross proceeds of $<span id="xdx_909_eus-gaap--ProceedsFromCustomers_pn3n3_c20240401__20240408__us-gaap--TypeOfArrangementAxis__custom--SubscriptionAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--InvestorMember_z83dGkXkxXmc" title="Gross proceeds">5,000. The Private Placement closed on April 23, 2024. As part of the Private Placement, the Company agreed to sell an aggregate of 282,722 Class A ordinary shares, $0.0008 par value per share, at a purchase price of $<span id="xdx_904_ecustom--PurchasePrice_pid_c20240401__20240408__us-gaap--TypeOfArrangementAxis__custom--SubscriptionAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--InvestorMember_zjhuvLN2sRrf" title="Purchase price">17.68 per share subject to the Beneficial Ownership Limitation. The “Beneficial Ownership Limitation” was be 4.99% of the number of Class A ordinary shares outstanding immediately after giving effect to the issuance of the Class A ordinary shares to the Investor. <span id="xdx_90E_ecustom--CustomaryRepresentationsWarrantiesAndCovenantsOfParties_c20240401__20240408__us-gaap--TypeOfArrangementAxis__custom--SubscriptionAgreementMember_zDWVkMpjK0b8" title="Customary representations, warranties and covenants of the parties">The Share Subscription Agreement contains customary representations, warranties and covenants of the parties, and the closing was subject to customary closing conditions. The Company used the net proceeds of approximately $4,675 from the Private Placement, following a deduction of a 6.5% commission paid to a placement agent, for general corporate and working capital purposes. As of the closing of the Private Placement, the Company issued an aggregate of <span id="xdx_904_eus-gaap--StockIssuedDuringPeriodSharesOther_pid_c20240401__20240408__us-gaap--TypeOfArrangementAxis__custom--SubscriptionAgreementMember__us-gaap--StatementClassOfStockAxis__custom--ClassAOrdinarySharesMember_zUEoyPRL0CYf" title="Number of shares issued">242,620 Class A ordinary shares at a purchase price of $<span id="xdx_90F_ecustom--PurchasePrice_pid_c20240401__20240408__us-gaap--TypeOfArrangementAxis__custom--SubscriptionAgreementMember__us-gaap--StatementClassOfStockAxis__custom--ClassAOrdinarySharesMember_zYGZJj00q5sc" title="Purchase price">17.68 per share and reserved <span id="xdx_90D_eus-gaap--CommonStockCapitalSharesReservedForFutureIssuance_iI_pid_c20240408__us-gaap--TypeOfArrangementAxis__custom--SubscriptionAgreementMember__us-gaap--StatementClassOfStockAxis__custom--ClassAOrdinarySharesMember_zY0tZCmomcYi" title="Stock reserved">40,103 Class A ordinary shares in adherence to the Beneficial Ownership Limitation. On July 10, 2024 the Company issued an additional <span id="xdx_904_eus-gaap--CommonStockSharesIssued_iI_pid_c20240710__us-gaap--TypeOfArrangementAxis__custom--SubscriptionAgreementMember__us-gaap--StatementClassOfStockAxis__custom--ClassAOrdinarySharesMember_z0G9z0wWfX55" title="Common stock, shares issued">33,853 shares and on September 25, 2025 issued the remaining 6,250 shares. Exchange Pursuant to Exchange Agreement Upon consummation of the Business Combination, the holders of AARK ordinary shares and ATGBA ordinary shares each entered into the Exchange Agreements. Pursuant to the Exchange Agreements, subject to certain exercise condition, each shareholder of AARK ordinary shares shall have the right to require the Company to provide Class A ordinary shares or cash in exchange for up to all of the AARK ordinary share. Each share of AARK may be exchanged for 280.75 Class A ordinary shares the Company subject to certain adjustments. <span id="xdx_908_ecustom--ExchangeAgreementDescription_c20240401__20240405__us-gaap--TypeOfArrangementAxis__custom--SubscriptionAgreementMember__srt--TitleOfIndividualAxis__custom--AARKMember_zfy54dhMrHKe" style="font-family: Times New Roman, Times, Serif; font-size: 10pt" title="Exchange agreement description">Pursuant to the Exchange Agreements, on April 5, 2024, the prior investor of AARK exchanged 9,500 ordinary shares of AARK for 2,667,125 Class A ordinary shares of the Company. On September 22, 2025, the Company issued 106,398 shares at a fair value of $6.96 per share to Mr. Bhisham (Ajay) Khare pursuant to his Exchange Agreement for shares of ATGBA. As of June 30, 2026, Mr. Bhisham (Ajay) Khare is yet to transfer the shares and consequently a receivable of $741 amount has been recognized. Shares Issued to FPA Holders In September 2025, the Company entered into a Letter Agreement with Sandia with respect to the Sandia FPA to offset the Company’s payment obligations by the proceeds received from sale of shares issued to Sandia under the Sandia FPA and for issuance of additional Class A ordinary shares, subject to terms provided therein. In December 2025, pursuant to the Letter Agreement, the Company issued 169,488 additional Class A ordinary shares to Sandia calculated in accordance with the Letter Agreement. During July 2026, after the reporting period, the Company paid Sandia $<span id="xdx_90E_ecustom--PaymentForExchange_iI_pn3n3_dm_c20260729__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--CounterpartyNameAxis__custom--SandiaMember__us-gaap--TypeOfArrangementAxis__custom--SandiaFPAMember_zjzWwJwoluq" title="Payment for exchange">1,487 in exchange for return of <span id="xdx_907_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20260701__20260729__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--CounterpartyNameAxis__custom--SandiaMember__us-gaap--TypeOfArrangementAxis__custom--SandiaFPAMember_z939KoiXKIQl" title="Number of shares issued">226,509 Class A ordinary shares, which satisfied the Company’s outstanding obligations under the Sandia FPA. Redeemable Noncontrolling Interest As of June 30, 2026, the prior investors of AARK own 3.09% of the ordinary shares of AARK, and prior investors of ATGBA owned 14.27% of the ordinary shares of ATGBA. The prior investors of AARK and ATGBA have the right to exchange their AARK or ATGBA ordinary shares for Class A ordinary shares of the Company based on the exchange ratio as set out in the Exchange Agreements, details of which are set out in Note 10, or cash proceeds based on the VWAP for each of the five consecutive trading days ending on the exchange date, but only if the approval from the Reserve Bank of India or other regulatory approvals are not obtained and subject to other conditions specified in the Exchange Agreements. The exchange is also subject to certain other specified conditions being met, including achieving certain financial and stock price milestones. Given that this is not solely in control of ATI, the noncontrolling interests have been accounted for in accordance with ASC 480-10-S99-1. The redeemable noncontrolling interest has initially been measured at the proportionate share in the net assets of AARK and its subsidiaries in accordance with ASC 805-40-30-3. The cash redemption is not considered to be probable on June 30, 2026 because the specified conditions in relation to EBITDA and revenue have already been met and the Reserve Bank of India and / or applicable regulatory approvals are expected to be received. On this basis the redeemable noncontrolling interest has subsequently been measured by attributing the net income/ loss of AARK pursuant to ASC 810-10.

5000000

0.0001

62500000

0.0008

5642911

226508

0.0001

431688

419274

2157000 362330

5000000

282722 17.68 The Share Subscription Agreement contains customary representations, warranties and covenants of the parties, and the closing was subject to customary closing conditions. The Company used the net proceeds of approximately $4,675 from the Private Placement, following a deduction of a 6.5% commission paid to a placement agent, for general corporate and working capital purposes.

242620

17.68

40103

33853

Pursuant to the Exchange Agreements, on April 5, 2024, the prior investor of AARK exchanged 9,500 ordinary shares of AARK for 2,667,125 Class A ordinary shares of the Company.

106398

6.96

741000

169488

1487000

226509

0.0309

0.1427

<p id="xdx_804_ecustom--NonrenewalOfCustomerContractAndBuyoutNoticeFromSignificantCustomerTextBlock_zFv0lnGcMHff" style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0; margin-bottom: 0">Note 13 - Non-renewal of Customer Contract and Buyout Notice from Significant Customer The Company has received a non-renewal notice on April 24, 2026, effective June 30, 2026 from a significant customer, expected to result in an annual revenue loss of approximately $5,700. The success fee of approximately $2,705 was received in connection with the conclusion of a client engagement. 5700000 2705000

Note 14 - Fair Value Measurements As of June 30, 2026, the Company had financial instruments which were measured at fair value on a recurring basis using significant unobservable inputs (Level 3). Significant changes in the inputs could result in a significant change in the fair value measurements. See each respective footnote for information on the assumptions used in calculating the fair value of financial instruments. The following tables present information about the Company’s liabilities that are measured at fair value on a recurring basis as of June 30, 2026 and March 31, 2026, including the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value. Summary of Liabilities Measured at Fair Value on a Recurring Basis: <table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_pn3n3_z0SLM4lesC5g" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair Value Measurements (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Summary of liabilities measured at fair value on a recurring basis</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Level 1</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Level 2</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Level 3</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Total</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Liabilities:</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Forward Purchase Agreement put option liability</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zK828eiDOLu1" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z9S7su286UAd" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z87WesiVAw6k" title="Derivative Liability">4,068</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z0AnaBM8m3d7" title="Derivative Liability">4,068</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Public Warrants</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zX70lgVuqWs7" title="Derivative Liability">230</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z8Ctb1dnUCq6" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zUO8ZzrCZWh5" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zkqlOjMGkdsb" title="Derivative Liability">230</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Private Placement Warrants</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zGcdnByyJc93" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zQLYsvBMHIGa" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zy36xsOlAAZg" title="Derivative Liability">191</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zFEnSKvyIC3k" title="Derivative Liability">191</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total liabilities</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90E_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z4Fzuzm4WHva" title="Derivative Liability">230</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zljyF1pqCZU8" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zZ9dB0UWDI06" title="Derivative Liability">4,259</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">4,489</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">March 31, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Level 1</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Level 2</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Level 3</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Total</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Liabilities:</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Forward Purchase Agreement put option liability</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90E_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zOGxNqOtnkS7" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zYtn1MVfB3Dc" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90E_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zsSxVZwfvbPf" title="Derivative Liability">4,287</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zhGMcCQttzd7" title="Derivative Liability">4,287</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Public Warrants</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zIcGSjjtdo53" title="Derivative Liability">230</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zPr3EdLs0qT9" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zBHp986TC8Yi" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zkIS3pVdEbEa" title="Derivative Liability">230</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Private Placement Warrants</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zXQgVG2lbUGe" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zKKMRicj5nRc" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zlV9vEG0z1w3" title="Derivative Liability">191</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zsNryD2k0JT3" title="Derivative Liability">191</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total liabilities</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zcmY1UdOcSsc" title="Derivative Liability">230</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zJmzfii8fYM6" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z1WdpB7OvbLh" title="Derivative Liability">4,478</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">4,708</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> The change in the fair value of the FPA put option liability of $<span id="xdx_906_ecustom--ChangeInFairValueGain_pn3n3_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementDerivativeLiabilitiesMember_zFXptX3SXvL6" title="Change in fair value (gain)">7 has been recorded to change in fair value of FPA put option liability for the three months ended June 30, 2026 and in the Company’s condensed consolidated statements of operations. The FPA put option liability was classified as a current liability, as its liquidation is reasonably expected to use or require current assets or the creation of current liabilities. See also Notes 2 and 11. The estimated fair value of the FPA put option liability was calculated using a Monte Carlo model and used significant assumptions including the risk-free rate and volatility. The change in fair value of the FPA put option liability is primarily driven by a decrease in the price per share of the Company. As of June 30, 2026, the remaining balance owed to the FPA holders is $<span id="xdx_906_ecustom--SettlementOfAccountsPayableThroughCashOrInEquity_pn3n3_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementDerivativeLiabilitiesMember_znBxE65fAgkl" title="Settlement of accounts payable through cash or in equity">4,068, which may be settled either in cash or in equity, at the option of the investors. The valuation of the FPA put option liability was made using the following assumptions as of June 30, 2026: <table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfPurchaseAgreementsAssumptionsTableTextBlock_pn3n3_zags5eMyVrea" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair Value Measurements (Details 1)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of purchase agreement</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Interest Rate</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">15.0</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Cost of Debt</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">4.3</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> </table> Given that the Public Warrants have a listed price available, the Company classified them as Level 1. The Company has classified the Private Placement Warrants within Level 3 of the hierarchy as the fair value derived using the Black-Scholes option pricing model, which uses a combination of observable (Level 2) and unobservable (Level 3) inputs. There were no transfers between fair value levels during the three months ended June 30, 2026. The valuation of the liability for the Private Placement Warrants was made using the following assumptions as of June 30, 2026: <table cellpadding="0" cellspacing="0" id="xdx_89B_ecustom--ScheduleOfDerivativeContractAassumptionTableTextBlock_pn3n3_zVlWBHGkuCgf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair Value Measurements (Details 2)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of derivative contract assumptions</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Term (years)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivateWarrantsLiabilityMember_zMNhZ4EyB50d" title="Term (years)">2.36 years</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Interest rate</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivateWarrantsLiabilityMember_zcrp0hCNLpc2" title="Interest rate">15</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Stock price at measurement date</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_ecustom--StockPriceAtMeasurementDate_pid_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivateWarrantsLiabilityMember_zkgfbaCZ6z3j" title="Stock price at measurement date">7.25</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> </table> The following table presents a summary of the changes in the fair value of Derivative Liabilities: <table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_pn3n3_z94QWAScbF6i" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair Value Measurements (Details 3)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Summary of the changes in the fair value of derivative warrant liabilities</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Forward Purchase Agreement Put Option Liability</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Public Warrant Liability</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Private Placement Liability</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Total</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Fair value at April 1, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_907_eus-gaap--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementDerivativeLiabilitiesMember_zG9NqVsJEkci" title="Fair value at Beginning balance">4,287</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_909_eus-gaap--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember_zJaYjeT2ckj" title="Fair value at Beginning balance">230</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_903_eus-gaap--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember_z0nP8nyneRM3" title="Fair value at Beginning balance">191</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">4,708</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Change in fair value (gain) / loss</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_ecustom--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarning_pn3n3_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementDerivativeLiabilitiesMember_z0Sw5NothAhg" title="Change in fair value (gain) / loss">7</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_ecustom--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarning_pn3n3_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember_ztu77ips5sD4" title="Change in fair value (gain) / loss">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_ecustom--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarning_pn3n3_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember_zpRzMWy3YGMa" title="Change in fair value (gain) / loss">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_ecustom--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarning_pn3n3_c20260401__20260630_zJMY527AzmZh" title="Change in fair value (gain) / loss">7</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Settlement of FPA put option liability</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_ecustom--SettlementOfForwardPurchaseAgreementPutOptionLiability_pn3n3_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementDerivativeLiabilitiesMember_zhMi3TBmnWi5" title="Settlement of forward purchase agreement put option liability">(225</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt">)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_ecustom--SettlementOfForwardPurchaseAgreementPutOptionLiability_pn3n3_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember_z85hIEQcJYP5" title="Settlement of forward purchase agreement put option liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_ecustom--SettlementOfForwardPurchaseAgreementPutOptionLiability_pn3n3_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember_zbFFTQv32ZB2" title="Settlement of forward purchase agreement put option liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(225</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt">)</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Fair value as of June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90E_eus-gaap--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementDerivativeLiabilitiesMember_zrulklnmwsx6" title="Fair value as of Ending balance">4,068</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember_zyIZPht80Hej" title="Fair value as of Ending balance">230</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember_zBSozIshEUqc" title="Fair value as of Ending balance">191</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">4,489</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> Based on the expected VWAP as of inception and as of June 30, 2026 it is not expected that ATI would be required to issue additional Class A ordinary shares to certain vendors. On this basis, fair value of the derivative financial instrument representing ATI’s obligation to issue additional Class A ordinary shares has been determined to be insignificant on initial recognition as well as of June 30, 2026 and accordingly the quantitative disclosures in relation to the fair value have not been provided.

<table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--FairValueLiabilitiesMeasuredOnRecurringBasisTextBlock_pn3n3_z0SLM4lesC5g" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair Value Measurements (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Summary of liabilities measured at fair value on a recurring basis</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Level 1</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Level 2</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Level 3</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Total</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Liabilities:</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Forward Purchase Agreement put option liability</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zK828eiDOLu1" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_906_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z9S7su286UAd" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z87WesiVAw6k" title="Derivative Liability">4,068</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z0AnaBM8m3d7" title="Derivative Liability">4,068</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Public Warrants</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90D_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zX70lgVuqWs7" title="Derivative Liability">230</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z8Ctb1dnUCq6" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zUO8ZzrCZWh5" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zkqlOjMGkdsb" title="Derivative Liability">230</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Private Placement Warrants</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zGcdnByyJc93" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_900_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zQLYsvBMHIGa" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zy36xsOlAAZg" title="Derivative Liability">191</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zFEnSKvyIC3k" title="Derivative Liability">191</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total liabilities</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90E_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z4Fzuzm4WHva" title="Derivative Liability">230</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zljyF1pqCZU8" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260630__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zZ9dB0UWDI06" title="Derivative Liability">4,259</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">4,489</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">March 31, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Level 1</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Level 2</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Level 3</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Total</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Liabilities:</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Forward Purchase Agreement put option liability</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90E_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zOGxNqOtnkS7" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zYtn1MVfB3Dc" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90E_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zsSxVZwfvbPf" title="Derivative Liability">4,287</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90B_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementPutOptionLiabilityMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zhGMcCQttzd7" title="Derivative Liability">4,287</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Public Warrants</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zIcGSjjtdo53" title="Derivative Liability">230</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zPr3EdLs0qT9" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zBHp986TC8Yi" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zkIS3pVdEbEa" title="Derivative Liability">230</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Private Placement Warrants</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zXQgVG2lbUGe" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_908_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zKKMRicj5nRc" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zlV9vEG0z1w3" title="Derivative Liability">191</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zsNryD2k0JT3" title="Derivative Liability">191</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Total liabilities</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zcmY1UdOcSsc" title="Derivative Liability">230</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_zJmzfii8fYM6" title="Derivative Liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_eus-gaap--DerivativeLiabilities_iI_pn3n3_c20260331__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FairValueByMeasurementFrequencyAxis__us-gaap--FairValueMeasurementsRecurringMember_z1WdpB7OvbLh" title="Derivative Liability">4,478</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">4,708</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

4068000

230000

191000

230000

4259000

4489000

4287000

230000

191000

230000

4478000

4708000

7000 4068000 <table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfPurchaseAgreementsAssumptionsTableTextBlock_pn3n3_zags5eMyVrea" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair Value Measurements (Details 1)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of purchase agreement</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Interest Rate</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">15.0</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Cost of Debt</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">4.3</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> </table> 0.150 0.043 <table cellpadding="0" cellspacing="0" id="xdx_89B_ecustom--ScheduleOfDerivativeContractAassumptionTableTextBlock_pn3n3_zVlWBHGkuCgf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair Value Measurements (Details 2)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of derivative contract assumptions</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Term (years)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_90E_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1_dtY_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivateWarrantsLiabilityMember_zMNhZ4EyB50d" title="Term (years)">2.36 years</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Interest rate</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate_pid_dp_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivateWarrantsLiabilityMember_zcrp0hCNLpc2" title="Interest rate">15</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap">%</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Stock price at measurement date</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_903_ecustom--StockPriceAtMeasurementDate_pid_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivateWarrantsLiabilityMember_zkgfbaCZ6z3j" title="Stock price at measurement date">7.25</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> </table>

P2Y4M9D

0.15

7.25

<table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock_pn3n3_z94QWAScbF6i" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Fair Value Measurements (Details 3)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Summary of the changes in the fair value of derivative warrant liabilities</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Forward Purchase Agreement Put Option Liability</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Public Warrant Liability</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Private Placement Liability</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Total</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Fair value at April 1, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_907_eus-gaap--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementDerivativeLiabilitiesMember_zG9NqVsJEkci" title="Fair value at Beginning balance">4,287</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_909_eus-gaap--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember_zJaYjeT2ckj" title="Fair value at Beginning balance">230</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right"><span id="xdx_903_eus-gaap--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_iI_pn3n3_c20260331__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember_z0nP8nyneRM3" title="Fair value at Beginning balance">191</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">4,708</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Change in fair value (gain) / loss</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_ecustom--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarning_pn3n3_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementDerivativeLiabilitiesMember_z0Sw5NothAhg" title="Change in fair value (gain) / loss">7</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_ecustom--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarning_pn3n3_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember_ztu77ips5sD4" title="Change in fair value (gain) / loss">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90A_ecustom--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarning_pn3n3_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember_zpRzMWy3YGMa" title="Change in fair value (gain) / loss">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_ecustom--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarning_pn3n3_c20260401__20260630_zJMY527AzmZh" title="Change in fair value (gain) / loss">7</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Settlement of FPA put option liability</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90F_ecustom--SettlementOfForwardPurchaseAgreementPutOptionLiability_pn3n3_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementDerivativeLiabilitiesMember_zhMi3TBmnWi5" title="Settlement of forward purchase agreement put option liability">(225</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt">)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_904_ecustom--SettlementOfForwardPurchaseAgreementPutOptionLiability_pn3n3_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember_z85hIEQcJYP5" title="Settlement of forward purchase agreement put option liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_901_ecustom--SettlementOfForwardPurchaseAgreementPutOptionLiability_pn3n3_c20260401__20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember_zbFFTQv32ZB2" title="Settlement of forward purchase agreement put option liability">-</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">(225</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt">)</td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 1.25pt">Fair value as of June 30, 2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90E_eus-gaap--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--ForwardPurchaseAgreementDerivativeLiabilitiesMember_zrulklnmwsx6" title="Fair value as of Ending balance">4,068</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_905_eus-gaap--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsMember_zyIZPht80Hej" title="Fair value as of Ending balance">230</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span id="xdx_90C_eus-gaap--FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs_iI_pn3n3_c20260630__us-gaap--ClassOfWarrantOrRightAxis__custom--PrivatePlacementWarrantsMember_zBSozIshEUqc" title="Fair value as of Ending balance">191</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.25pt"> </td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">4,489</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 1.25pt"> </td> </tr> </table>

4287000

230000

191000

4708000

7000 7000 -225000 -225000

4068000

230000

191000

4489000

Note 15 - Net Income / (loss) per Share Basic net income / (loss) per share (“EPS”) attributable to Class A ordinary shareholders is calculated by dividing net income / (loss) attributable to Class A ordinary shareholders by the weighted number of Class A ordinary shares outstanding during the reporting period. Diluted EPS is computed using the weighted number of Class A ordinary shares and, when dilutive, potential outstanding shares during the period. The Company’s Class V ordinary share does not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted net income / (loss) per Class V ordinary share under the two-class method has not been presented. The following table sets forth the computation of basic and diluted net income / (loss) per share for the period three months ended June 30, 2026 and June 30, 2025 (in thousands, except share and per share amounts): <table cellpadding="0" cellspacing="0" id="xdx_886_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_pn3n3_zdfChjlj3aYf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Net income / (loss) per Share (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of reconciliation of net income per share</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_49D_20260401__20260630_zS0ZjVTyeJzc" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_494_20250401__20250630_zQejv5I4va36" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three Months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr id="xdx_404_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_pn3n3_zTZjuOTSdHGl" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Net Income/ (Loss) attributable to controlling interest for the period for Basic and Dilutive Earning per share (A)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">1,782</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">1,512</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_403_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_zkSoa1JHEyxg" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Weighted average shares outstanding of Class A ordinary shares, basic (B)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,788,210</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,894,078</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_406_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_zEvjR5gHViRa" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Weighted average shares outstanding of Class A ordinary shares, diluted (C)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">6,576,986</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,894,078</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_404_ecustom--NetIncomeLossPerShareAbstract_iB_zqDTxiyIsFGk" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Net Income / (loss) per share:</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40C_eus-gaap--EarningsPerShareBasic_pid_zc5jJB7MIK3k" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Basic (A/B)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">0.31</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">0.26</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_400_eus-gaap--EarningsPerShareDiluted_pid_zZUJ01WwsyMl" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Diluted (A/C)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.27</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.26</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_886_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_pn3n3_zdfChjlj3aYf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Net income / (loss) per Share (Details)"> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Schedule of reconciliation of net income per share</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_49D_20260401__20260630_zS0ZjVTyeJzc" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td id="xdx_494_20250401__20250630_zQejv5I4va36" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="6" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">Three Months Ended June 30,</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2026</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td colspan="2" style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center">2025</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> </tr> <tr id="xdx_404_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_pn3n3_zTZjuOTSdHGl" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Net Income/ (Loss) attributable to controlling interest for the period for Basic and Dilutive Earning per share (A)</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">1,782</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 9%; text-align: right">1,512</td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_403_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_zkSoa1JHEyxg" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Weighted average shares outstanding of Class A ordinary shares, basic (B)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,788,210</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">5,894,078</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_406_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_zEvjR5gHViRa" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Weighted average shares outstanding of Class A ordinary shares, diluted (C)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">6,576,986</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">5,894,078</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_404_ecustom--NetIncomeLossPerShareAbstract_iB_zqDTxiyIsFGk" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Net Income / (loss) per share:</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_40C_eus-gaap--EarningsPerShareBasic_pid_zc5jJB7MIK3k" style="font: 10pt Times New Roman, Times, Serif; background-color: #FFFFFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in">Basic (A/B)</td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">0.31</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> <td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: right">0.26</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap"> </td> </tr> <tr id="xdx_400_eus-gaap--EarningsPerShareDiluted_pid_zZUJ01WwsyMl" style="font: 10pt Times New Roman, Times, Serif; background-color: #CCEEFF; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; vertical-align: top; padding-left: 0.125in; text-indent: -0.125in; padding-bottom: 0.5pt">Diluted (A/C)</td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.27</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 0.5pt"> </td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">0.26</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left; white-space: nowrap; padding-bottom: 0.5pt"> </td> </tr> </table>

1782000

1512000

5788210

5894078

6576986

5894078

0.31

0.26

0.27

0.26

Note 16 - Subsequent Events <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">1.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Sandia FPA Settlement</td> </tr> </table> On July 29, 2026, the Company paid Sandia $<span id="xdx_90E_ecustom--PaymentForExchange_iI_pn3n3_dm_c20260729__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--CounterpartyNameAxis__custom--SandiaMember__us-gaap--TypeOfArrangementAxis__custom--SandiaFPAMember_zOr5StvtYqQb" title="Payment for exchange">1,487 in exchange for return of <span id="xdx_907_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20260701__20260729__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--CounterpartyNameAxis__custom--SandiaMember__us-gaap--TypeOfArrangementAxis__custom--SandiaFPAMember_zMdFm2EOy891" title="Number of shares issued">226,509 Class A ordinary shares which satisfied the Company’s outstanding obligations under the Sandia FPA, pursuant to the Letter Agreement, as amended. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: left">2.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">Kirkland & Ellis Settlement</td> </tr> </table> Subsequent to June 30, 2026, the Company entered into a Settlement and Release Agreement with Kirkland & Ellis LLP (“Kirkland”) to resolve amounts owed in connection with professional consulting services provided under an engagement letter dated March 8, 2023. Kirkland has an outstanding balance of approximately $<span id="xdx_90B_ecustom--SettlementBalance_iI_pn3n3_dm_c20260731__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--CounterpartyNameAxis__custom--KirklandMember_zEGdKoeok2d2" title="Settlement balance">3,316. Under the agreement, the Company agreed to pay Kirkland a settlement amount of $<span id="xdx_900_ecustom--SettlementAmount_pn3n3_c20260701__20260731__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__srt--CounterpartyNameAxis__custom--KirklandMember_zYINeaNs5llj" title="Settlement amount">900 in full settlement of the outstanding balance and all other amounts payable under the engagement letter. The settlement amount is payable in five installments from August 3, 2026 through December 15, 2026. Upon timely payment of the settlement amount in full, the outstanding balance will be deemed fully and finally satisfied, and Kirkland will have no further claims against the Company relating to the outstanding balance or the engagement letter. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0.25in"></td> <td style="width: 0.25in">3.</td> <td style="text-align: justify">Letter Agreement with Sea Otter Trading, LLC</td></tr> </table> On August 3, 2026, the Company entered into the Sea Otter Letter Agreement to amend the settlement terms of the maturity consideration payable under the existing FPA with Sea Otter. Under the Sea Otter Letter Agreement, the Company agreed to satisfy the outstanding payment obligation through an initial cash payment of $<span id="xdx_900_ecustom--InitialCashPayment_pn3n3_c20260801__20260803__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--TypeOfArrangementAxis__custom--SeaOtterLetterAgreementMember_zfojf2HBNbR2" title="Initial cash payment">100, followed by monthly principal payments of $<span id="xdx_907_eus-gaap--DebtInstrumentFaceAmount_iI_pn3n3_c20260803__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--TypeOfArrangementAxis__custom--SeaOtterLetterAgreementMember_z8VBhX6hprjb" title="Principal payments">75 commencing September 15, 2026, with interest accruing at <span id="xdx_90F_eus-gaap--DebtInstrumentInterestRateDuringPeriod_pid_c20260801__20260803__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--TypeOfArrangementAxis__custom--SeaOtterLetterAgreementMember_z3J6mWSDC1gh" title="Interest rate">7.5% per annum on the outstanding balance. As security for the outstanding obligation, the Company agreed to issue <span id="xdx_902_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pn3n3_c20260801__20260803__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--TypeOfArrangementAxis__custom--SeaOtterLetterAgreementMember__us-gaap--StatementClassOfStockAxis__custom--ClassAOrdinarySharesMember_zHBnraScro5d" title="Number of shares issued">145,183 Class A ordinary shares to Sea Otter as collateral and may be required to issue additional shares if the aggregate market value of the collateral falls below the outstanding payment obligation. Sea Otter may not sell or otherwise dispose of the collateral shares while the Company remains current on its payment obligations; however, any permitted sale of the collateral shares may not occur below a minimum sale price of $8.40 per share (the “Minimum Sales Price”). Proceeds from such sales, up to the Minimum Sales Price, will be applied toward the outstanding payment obligation. Management is evaluating the accounting impact of the Sea Otter Letter Agreement, including its effect on the related liability. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: top; text-align: justify"> <td style="text-align: justify; width: 0.25in"></td> <td style="width: 0.25in; text-align: justify">4.</td> <td style="text-align: justify">Nasdaq minimum bid price compliance requirements</td> </tr> </table> On July 16, 2026, the Company received written notification from The Nasdaq Stock Market LLC confirming that it had regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). The Company regained compliance following the effectiveness of its 1-for-8 reverse stock split on June 12, 2026, and the maintenance of a closing bid price of at least $1.00 per share for the required compliance period.

1487000

226509

3316000 900000 100000

75000

0.075

145183000

1-for-8

false false false false The Company provided management consulting services to Aark II Pte Ltd under an agreement dated June 21, 2021 and its amendments thereof. The Company was in a cost sharing arrangement with Aeries Financial Technologies Private Ltd and Bhanix Finance and Investment Ltd under separate agreements dated April 1, 2020. The cost sharing arrangement included costs in the areas of office management, IT and operations. The agreements are for a 36-month term with auto renewals after the original term. The Company availed consulting services including implementation services in business restructuring, risk management, feasibility studies, mergers & acquisitions etc. from Ralak Consulting LLP via agreement dated April 1, 2022. The Company incurred interest expense in relation to loans taken from ATPSPL, which were borrowed to meet working capital requirements. The loans were for a 3-year term and were issued at an interest rate of 12% per annum. The Company received interest income in relation to loans given to affiliates to support their working capital requirements. The loans were for a 3-year term and issued at an interest rate of 12% per annum. This amount represents investments in affiliates. The Company earned interest income on its investments in affiliates. The Company received interest income in relation to loans given to affiliates to support their working capital requirements. The loans were for a 3-year term and issued at an interest rate of 15-17% per annum. The Company obtained a loan at 12% per annum interest rate (effective April 1, 2025; 10% per annum till March 31, 2025) from Mr. Vaibhav Rao for business purposes. The agreement shall remain valid until the principal amount along with interest is fully repaid. The loan amount was outstanding as of June 30, 2026. The Company availed management consulting services from ATPSPL under agreements dated March 20, 2020 and April 1, 2021. For the period ended June 30, 2026, ATI has issued 106,398 shares at a fair value of $6.96 per share to Mr. Bhisham (Ajay) Khare pursuant to the exchange agreement dated November 6, 2023 for his holding in ATGBA. As of June 30, 2026, Mr. Bhisham (Ajay) Khare is yet to transfer the shares and consequently a receivable of $741 has been recognized. For the year ended March 31, 2026, Mr. Bhisham (Ajay) Khare has exercised 59,110 options under Aeries Management Stock Option Plan 2019 (“MSOP”) with exercise price of INR 10 (or approximately $0.11 at the exchange rate in effect on March 31, 2026). As on June 30, 2026, the exercise price of $6.24 has been received. On April 27, 2026, Mr. Bhisham (Ajay) Khare transferred 59,110 shares at a fair value of $5.67 per share to ATS for his holding in ATGBA.