Goodbye Debt Item 8.01. Other Events. On Aug

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Item 8.01. Other Events.

On August 1, 2025, the Company redeemed in full all outstanding shares of its Series D Non-Convertible Preferred Stock (the “Series D Preferred Stock”). The redemption was effected pursuant to the terms and conditions set forth in the Certificate of Designation of the Series D Preferred Stock, and the Company paid an aggregate cash amount equal to the applicable Series D Preferred Liquidation Amount (the original issue price plus any accrued but unpaid 9% annual preferred return) for all shares redeemed. Following this redemption, no shares of Series D Preferred Stock remain outstanding.

The Series D Preferred Stock, originally issued on April 22, 2025, to Streeterville Capital, LLC, accrued a 9% annual preferred return and did not carry voting rights. The redemption of the Series D Preferred Stock was funded from the Company’s available cash resources and is part of the Company’s ongoing efforts to optimize its capital structure in connection with the PIPE Financing and TON treasury strategy.

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