UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the Fiscal Year Ended December 31, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the transition period from _____ to _____ Commission File No. 001-34079 Opus Genetics, Inc. (Exact name of registrant as specified in its charter) Delaware 11-3516358 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-42211 Voyager Acquisition Corp. (Exact name of registrant as specified in its charter) 131 Concord Street Brooklyn, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission file number 001-42211 Voyager Acquisition Corp. (Exact name of registrant as specified in its charter) | Cayman Islands | N/A | | - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-39096 GRYPHON DIGITAL MINING, INC. (Exact name of registrant as specified in its charter) | Delaware | 83-2242651 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Empl ...

Strategy and Operations - Gryphon's new strategy focuses on acquiring and developing energy assets for AI and high-performance computing (HPC) data center infrastructure since September 2024[28]. - Gryphon operates approximately 9,660 bitcoin ASIC mining computers, generating revenue based on a dollar per megawatt-hour (MWh) basis, which is variable depending on Bitcoin price and global hash rates[30]. - Gryphon entered into a Co-Location Mining Services Agreement with Blockfusion for hosting 3,780 bitcoin miners, entitled to 12 MW of power at a cost of $156,000 per month[31]. - The Mawson Agreement allows Gryphon to host up to 5,880 miners with 20 MW of power at approximately $23.50 per MW/hour, with a minimum fee of about $165,521 per month[32]. - Gryphon plans to acquire Captus Generation Ltd. and related entities for CAD $24 million, with a focus on developing AI HPC infrastructure on 850 acres in Alberta[50]. - The Captus Site is considered highly suitable for development due to its redundant natural gas lines, grid connectivity, and access to non-potable water[51]. - Gryphon has delivered 3,996 bitcoin miners to Blockfusion and 6,719 miners to Mawson after the respective agreements[31][32]. - The Company has entered into an Asset Purchase Agreement to acquire four natural gas generators with a combined standby rating of 1,900 kW and 566 bitcoin ASIC mining computers with a combined hashrate capacity of approximately 57,120 TH/s[55]. - The total purchase price for the Giga Acquisition remains $1,500,000, with an additional advance payment of $250,000 made to the Seller[56]. - As of December 31, 2024, the Company operates a miner fleet composed of 7,128 S19j Pro Antminers, 552 S19k Pro Antminers, 276 S21 Antminers, and 878 S19j Pro + Antminers, with a total hashrate capacity of approximately 1,000 TH/s[63]. - Gryphon's operations will continue to expand as it acquires additional miners as opportunities arise[63]. - The Company has entered into a cohosting location agreement with Blockfusion, utilizing approximately 12MW of electricity to host approximately 3,780 bitcoin mining machines[61]. Financial Performance and Revenue Model - Gryphon's average holding period for mined bitcoin was 30 days for the year ended December 31, 2024, compared to 25 days for the year ended December 31, 2023[72]. - Gryphon contributes 100% of its Bitcoin hashing power to Foundry USA Pool, which represents approximately 0.3% of the total hashing power of the pool[69]. - Gryphon's revenue model involves mining and holding bitcoin, selling only the bitcoin necessary to cover operating expenses and reinvest in operational expansion[72]. - The market price of bitcoin was extremely volatile in fiscal 2024, ranging between approximately $39,000 and $106,000, directly impacting Gryphon's revenue and profitability[87]. - Gryphon's revenues are solely derived from bitcoin mining, which is influenced by the number of bitcoin rewards mined and the value of bitcoin, making the company vulnerable to price fluctuations[88]. Risks and Challenges - The company faces risks from regulatory changes, as multiple U.S. federal agencies are actively considering regulations that could impact bitcoin mining and related activities[81]. - Gryphon's ability to expand operations is contingent on bitcoin's future price, and failure to meet capital expenditure assumptions could adversely affect its business[87]. - The insolvency of major exchanges like FTX has led to increased market volatility and decreased confidence in the crypto ecosystem, which could adversely impact Gryphon's investment[97]. - The long-term growth and viability of digital assets, including Bitcoin, depend on multiple factors such as adoption rates and market confidence[100]. - A decline in Bitcoin adoption could weaken demand, negatively affecting Gryphon's business and stock value[100]. - Geopolitical and economic crises may lead to significant price volatility in Bitcoin, impacting Gryphon's financial condition[102]. - Gryphon may face liquidity constraints and require additional capital, which may not be available on favorable terms[115]. - The lack of regulation in digital asset exchanges exposes Gryphon to negative publicity and potential loss of confidence in the cryptocurrency market[116]. - Strategic acquisitions may dilute stockholders and strain financial resources, with integration posing additional challenges[123]. - Gryphon's digital assets are not insured against theft, loss, or destruction, increasing the risk of significant financial losses for the company and its stockholders[129]. - The Bitcoin mining reward was recently halved to 3.125 BTC on April 19, 2024, and this halving process will continue until the total amount of Bitcoin rewards reaches 21 million, expected around 2140[136]. - Gryphon aims to maintain a breakeven profitability floor significantly below the network average to mitigate the impacts of halving[138]. - The price of Bitcoin may be negatively affected by large redemptions from other investment vehicles tracking Bitcoin markets, impacting Gryphon's Bitcoin holdings[143]. - The development of central bank digital currencies could compete with Bitcoin, potentially decreasing its value and adversely affecting Gryphon's financial condition[145]. - Internet disruptions could significantly impact Bitcoin's network operations and Gryphon's ability to mine Bitcoin, adversely affecting its business[154]. - Gryphon's independent accounting firm's report expresses substantial doubt about its ability to continue as a "going concern"[160]. - Gryphon's operations are subject to risks associated with cybersecurity, including potential theft or loss of bitcoin assets[165]. - Gryphon's reliance on a single model of miner (Bitmain Antminer) increases operational risks related to design flaws and system failures[182]. - Gryphon's hosting arrangements are uncertain and competitive, with potential regulatory changes affecting availability[185]. - Gryphon faces significant competition from larger companies with greater resources, which may hinder its ability to expand and remain competitive[192]. - Rapid technological changes in the blockchain industry require Gryphon to adapt quickly, or it risks falling behind competitors[195]. Regulatory Environment - Gryphon's business is impacted by evolving regulatory landscapes, which may result in significant fines and reputational harm if compliance is not met[213]. - The company is monitoring potential new regulations in the digital asset industry, particularly in response to recent market collapses and bankruptcies[214]. - Regulatory scrutiny has increased significantly, with investigations and inquiries from U.S. federal and state regulators expected to continue[216]. - The U.S. government is working towards establishing a unified federal regulatory regime for cryptocurrencies, which may impact Gryphon's operations[217]. - Regulatory actions in countries like China and Russia could severely restrict the use of Bitcoin, adversely impacting Gryphon's business[226]. - Gryphon's compliance with the Office of Financial Assets Control's sanctions program is complicated by the pseudonymous nature of blockchain transactions[227]. - Increased scrutiny regarding environmental, social, and governance (ESG) practices may lead to additional costs or risks for Gryphon[228].

Market Opportunities and Growth - Nuvve's GIVe platform has generated approximately $2,800 per car per year in market revenue on average from V2G services in Denmark [23]. - The monthly electricity exchanges revenue per bid EV in Denmark peaked at $5,455 in 2022, with a forecast of $1,150 for 2024 [24]. - The global EV market is projected to reach 720 million vehicles by 2040, driving the need for extensive charging infrastructure [31]. - An estimated $150-200 billion in capital investments will be required to deploy over 13 million public chargers globally by 2030 [33]. - Nuvve anticipates tripling its charging station unit sales and doubling hardware revenues in 2025 compared to 2023 [52]. - The addressable energy and capacity markets for targeted grid services are estimated to range from $3 billion to $250 billion per year [47]. - Nuvve's strategy includes capturing opportunities in the North American school bus market, with approximately 600,000 buses needing replacement [52]. - Revenue generation is expected primarily from services provided via the GIVe software platform and sales of V2G-enabled charging stations, with potential recurring mobility fees from fleet customers [57]. - The company anticipates expanding revenues by selling EV charging equipment to various customers, including school bus operators and municipal locations [89]. Technology and Innovation - Nuvve's GIVe platform transforms EVs into reliable, dispatchable, and monetizable assets, addressing grid service demands [52]. - The company is investing in expanding the GIVe software platform and V2G service capabilities, focusing on research and development, marketing, and sales [58]. - The company is focused on developing V2G technology, which aims to balance energy demand for electric transportation and improve grid resiliency [104]. - The company must continue to innovate and develop new products to keep pace with rapid technological changes in the EV charging market, as delays could adversely affect market adoption [170]. - The company may need to upgrade or adapt its V2G technology and services due to changes in EV technologies, which could involve substantial costs [172]. Financial Performance and Challenges - The company has a history of net losses and expects losses to continue in the future, indicating challenges in achieving sustained profitability [125]. - The company incurred operating losses of approximately $20.5 million and $32.1 million for the years ended December 31, 2024 and 2023, respectively, with an accumulated deficit of approximately $165.6 million as of December 31, 2024 [126]. - The company expects to continue incurring significant costs, particularly in research and development and commercialization related to its GIVe platform, which may negatively impact short-term profitability [126]. - The company has not yet demonstrated a sustained ability to generate sufficient revenue from its technology and services, impacting its financial condition [125]. - The company may need to raise additional capital in the future, and there is uncertainty regarding the availability of funds on favorable terms [218]. Competition and Market Position - The company primarily competes with less advanced charge point operator platforms, such as ChargePoint and Blink [94]. - The company believes it is a "first-mover" in the V2G space, leveraging its patent portfolio and experience to capture significant market opportunities as fleet EVs increase [59][62]. - The company faces intense competition in the EV charging market, primarily competing with companies like ChargePoint and Blink, and anticipates increased competition as new entrants emerge [135]. - The company faces intense competition for qualified personnel, which could hinder its ability to execute its global business strategy [155]. Customer and Revenue Concentration - For the years ended December 31, 2024 and 2023, three customers accounted for 33.2% and 30.3% of total revenue, respectively [91]. - The company expects customer concentration to vary based on large orders, a trend anticipated to continue in the near term [92]. - A significant portion of revenue has historically been derived from government grant-funded projects to demonstrate V2G technology and services [90]. - Three customers accounted for 33.2% and 30.3% of total revenue for the years ended December 31, 2024 and 2023, respectively, indicating a reliance on a limited customer base [212]. Risks and Regulatory Environment - The company is subject to various risks, including competition in the EV charging market and the need for effective management of growth [113]. - The company may encounter significant costs and distractions from litigation related to intellectual property claims, impacting its financial condition [191]. - The company may face increased risks related to audits or examinations by taxing authorities due to its multinational operations [225]. - The company is highly dependent on key personnel, including the CEO and COO, and the loss of these individuals could adversely affect business operations [154]. - The company may need to borrow additional funds or equity securities to support operations if cash flow levels are not achieved, which may not be available on commercially reasonable terms [127]. Employee and Governance - The company offers a total rewards package to attract and retain highly skilled employees, including base salary, cash bonuses, and equity compensation [99]. - The company has implemented several safety programs to support the well-being of its employees, including an Employee Assistance Program [101]. - The company has a corporate governance structure that includes independent directors, ensuring compliance with Nasdaq's listing standards [103]. Environmental and Social Responsibility - The company is committed to environmental sustainability and aims to mitigate the negative impact of its operations [104]. - The company continues to advocate for policies that support electric mobility and reduce barriers to V2G-capable infrastructure deployment [60].

Exhibit 99.1 Battalion Oil Corporation Announces Fourth Quarter 2024 Financial and Operating Results HOUSTON, TEXAS – March 31, 2025 – Battalion Oil Corporation (NYSE American: BATL, "Battalion" or the "Company") today announced financial and operating results for the fourth quarter of 2024. Key Highlights Management Comments The Company concluded its 2024 six-well campaign ahead of planned timing and under budget on each pad. Final well capital remains under $950 per lateral foot. The completed pad wells a ...

Financial Results Announcement - CytoSorbents Corporation announced preliminary and unaudited financial results for the quarter and year ended December 31, 2024[4] - The press release detailing the financial results and business updates was issued on January 3, 2025[4] Regulatory and Filing Information - The financial results are not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934[4] - The press release is furnished as Exhibit 99.1 in the Form 8-K filing[4] Executive Signatory - The report was signed by Dr. Phillip P. Chan, Chief Executive Officer of CytoSorbents Corporation[7]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 MAUI LAND & PINEAPPLE COMPANY, INC. (Exact name of registrant as specified in its charter) Delaware 99-0107542 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) 500 Office Road Lahaina, Maui, Hawaii 96761 (Address of principal executi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C., 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to ___________________ Commission File Number: 001-39126 CNS Pharmaceuticals, Inc. (Exact Name of Registrant as Specified in its Charter) (St ...