Completed reverse recapitalization with Blackboxstocks Inc. on February 24, 2026. Reported net loss of $106.7 million for Q1 2026, primarily due to $81.8 million in stock-based compensation and $9.2 million in preferred stock accretion. Generated $706,000 in net revenue from the Euclid Magnet Facility and Blackbox subscription services. Raised $46.8 million in net proceeds from a March 2026 public offering. Cash and restricted cash totaled $50.0 million as of March 31, 2026. Management confirmed that substantial doubt regarding the company's ability to continue as a going concern has been resolved.