Rush holders received 24,983,671 Myriad shares and 11,555,816 Spinco shares; registered holders should send transmittal letters to receive their shares.
The 12-month contract carries a US$1.932M non-refundable premium and, if exercised, settles through physical, on-chain delivery against the strike price.
Most options were priced at $3 a share; the updated resource estimate is expected in about one month and the PFS in Q1 2027, subject to timely information.
Options approved Aug. 20 vest over three years: one-third after each employee's first anniversary, then eight quarterly installments, subject to continued employment.
The fund estimates $0.04709 per share as return of capital; its annualized distribution rate was 10.04% of NAV as of July 31. Tax sources may change before Form 1099-DIV.
Six-month staking revenue was $183,096, while monthly burn is about $30,000; SonicStrategy will continue evaluating decentralized AI compute opportunities.
The missing Form 10-Q covers the quarter ended June 30. Nasdaq may grant up to 180 days if it accepts SolarMax's plan, extending the deadline to Feb. 16, 2027.