Financial Performance - In Q1 2025, the company reported software and subscriptions bookings of $359,000, a decrease of 40% compared to $597,000 in Q1 2024[78]. - The company's gross profit for Q1 2025 was $359,000, resulting in a gross margin of 52.2%, compared to a gross profit of $524,000 and a gross margin of 56.9% in Q1 2024[85]. - Adjusted gross profit for Q1 2025 was $374,000, with an adjusted gross margin of 54.4%, down from $569,000 and 61.8% in Q1 2024[85]. - The net loss for Q1 2025 was $3,723,000, compared to a net loss of $2,292,000 in Q1 2024[85]. - Total revenue decreased by $0.2 million, or 25.3%, for the three months ended March 31, 2025, primarily due to a decrease in advertising campaigns, partially offset by an increase in software subscriptions and services revenue[102]. - Total gross profit decreased by $0.2 million, or 31.5%, for the three months ended March 31, 2025, primarily due to the revenue changes mentioned above[103]. Revenue Breakdown - Software subscriptions and services revenue increased by $181,000, or 39.9%, while advertising revenue decreased by $414,000, or 88.7%[102]. Operating Expenses - Operating expenses increased by $1.775 million, or 52.2%, for the three months ended March 31, 2025, driven by increases in sales and marketing, general and administrative, and research and development expenses[104]. - Sales and marketing expenses increased by $453,000, or 102.3%, primarily due to increased corporate marketing and sales consultants[105]. - General and administrative expenses increased by $993,000, or 40.2%, mainly due to a rise in professional fees related to litigation[106]. - Research and development expenses increased by $329,000, or 68.0%, primarily due to higher payroll and consulting fees[107]. Cash Flow and Financial Position - As of March 31, 2025, the company held total cash of $109.7 million, all in the United States, while expecting to continue operating losses and negative cash flows[109]. - The company utilized $3.3 million of cash from operating activities during the three months ended March 31, 2025, resulting in a net loss of $3.7 million[117]. - The company may seek additional equity or debt financing in the future to support growth and acquisitions, which could impact its financial condition[113]. Future Plans and Investments - The company plans to develop a new generative AI-driven software development platform aimed at reducing costs and time for creating custom mobile applications[73]. - The company is investing in the expansion of its marketing and sales capabilities globally, as well as in the development of new products and services[77]. - The company is actively utilizing generative AI tools to streamline internal processes and enhance mobile app development efficiency[75]. - The company does not expect to achieve profitability in the near future[77]. Backlog and Revenue Recognition - As of March 31, 2025, the total backlog and deferred revenue amounted to $4,923,000, down from $5,197,000 as of December 31, 2024[78]. - Approximately 52% of the backlog as of March 31, 2025, is expected to be invoiced within the subsequent 12-month period[80]. Accounting Policies and Market Risk - No material changes to critical accounting policies and estimates compared to the previous Annual Report[127]. - The company reported no applicable quantitative and qualitative disclosures about market risk[129].

Financial Performance - Total assets as of March 31, 2025, were $207.6 million, with a net asset value per share of $5.42, reflecting an increase of $0.03 from the previous quarter[3][4][15] - Net investment income before taxes for the quarter was $0.7 million, or $0.05 per share, a decrease from $2.19 million in the same quarter last year[10][17] - The net increase in net assets from operations for the quarter was $2.2 million, or $0.15 per share, compared to $2.41 million in the same quarter last year[10][17] - The company declared a distribution of $0.12 per share for the quarter, representing a yield of 14.95% based on a share price of $3.21 as of March 31, 2025[4][7] Investment Activities - The company made investments totaling $5.1 million in one new portfolio company and two existing portfolio companies during the quarter, achieving a weighted average yield of 10.22% on these debt investments[4][8] - Total proceeds from repayments, sales, and amortization during the quarter amounted to $7.3 million, primarily from the realization of specific term loans[9] - The internal rate of return on fully realized investments during the quarter was 9.55%, with total net realized and unrealized gains contributing to a net increase in net assets[4][10] - Subsequent to March 31, 2025, the company invested an additional $2.0 million in two existing portfolio companies[13] Portfolio Composition - As of March 31, 2025, the investment portfolio consisted of 43 portfolio companies, with 77.04% in first lien investments and 98.18% of the debt portfolio in floating rate investments[11][15] - The company targets middle-market companies with annual revenues of at least $50 million and EBITDA of at least $15 million[18] Regulatory and Forward-Looking Statements - The company is regulated as a business development company under the Investment Company Act of 1940[18] - Forward-looking statements made during the earnings call are based on current expectations and involve substantial risks and uncertainties[19] - Investors are cautioned against placing undue reliance on forward-looking statements due to potential market volatility and other factors[20] - Actual results may differ materially from anticipated results due to various risks and uncertainties[20] - The company has no obligation to publicly update or revise forward-looking statements except as required by law[20] Cash and Liquidity - The company had $13.0 million in cash, with $10.7 million classified as restricted cash, and $44.0 million of unused capacity under its revolving credit facility[12]

Financial Performance - For the three months ended March 31, 2025, the company reported a net loss of $487,392, with general and administrative expenses of $2,421,186 and interest income of $1,989,268 from marketable securities [124]. - The company generated a net income of $1,100,442 for the three months ended March 31, 2024, primarily from interest earned on marketable securities [125]. - Cash used in operating activities for the three months ended March 31, 2025, was $734,642, with changes in operating assets and liabilities providing $1,684,099 of cash [129]. IPO and Capital Raising - The company completed its IPO on February 13, 2024, raising gross proceeds of $184,000,000 from the sale of 18,400,000 Class A ordinary shares at $10.00 per share [127]. - The company incurred $8,180,834 in IPO-related costs, which included $1,840,000 in upfront cash underwriting fees and $5,520,000 in deferred underwriting fees [128]. - The Company has entered into Subscription Agreements to issue approximately $260,000,000 of PubCo Common Stock to PIPE Investors, with Cormorant Funds subscribing for $75,000,000 [162]. Trust Account and Business Combination - As of March 31, 2025, the company held marketable securities in the Trust Account totaling $194,438,559, including $10,438,559 of interest income [131]. - The company intends to use funds held in the Trust Account to complete its initial business combination and for working capital to finance operations of the target business [131]. - The Aggregate Merger Consideration for BBOT stockholders is determined to be $461,051,546, which will be divided by the Redemption Price to establish the Consideration Ratio [151]. - The Company must ensure that the aggregate cash proceeds from its Trust Account and PIPE Investments total at least $400,000,000 to proceed with the merger [154]. Business Combination Agreement - The company entered into the BBOT Business Combination Agreement on February 28, 2025, which includes plans for the company to migrate to Delaware and merge with BBOT [146]. - The BBOT Business Combination Agreement includes customary closing conditions that must be satisfied or waived before the merger can be completed [152]. - The Helix Support Agreement mandates that certain shareholders vote in favor of the merger and prohibits them from selling their shares until the merger is completed [155]. - The Sponsor will forfeit shares of PubCo Common Stock if the Company Closing Cash is less than $400,000,000, calculated based on a specific formula [156]. - The Lock-Up Agreement restricts the transfer of shares held by the Sponsor and other investors for one year following the Closing Date [167]. - The A&R Registration Rights Agreement requires PubCo to file a registration statement within 30 days post-Closing to register the resale of certain shares [169]. - The obligations to consummate the PIPE Investments are contingent upon the PubCo Common Stock being approved for listing on Nasdaq [163]. Going Concern and Future Plans - The company expects to continue incurring significant costs in pursuit of its acquisition plans and has raised substantial doubt about its ability to continue as a going concern if it cannot complete a business combination by February 14, 2026 [136]. - The company has no long-term debt or off-balance sheet arrangements as of March 31, 2025, and has a monthly obligation of $6,458 to the Sponsor for administrative services [137][139]. - A total of 450,900 Class A ordinary shares are subject to Non-Redemption Agreements, ensuring these shares will not be redeemed during the merger process [165].

Financial Performance - VolitionRx Limited reported financial results for Q1 2025, with a total revenue of $2.5 million, representing a 25% increase compared to Q1 2024[6] Business Strategy - The company confirmed a conference call scheduled for May 16, 2025, to discuss these results and business updates[6] - VolitionRx is focusing on expanding its product offerings and enhancing its technology for better market penetration[6]

Portfolio Performance - As of March 31, 2025, approximately 65% of the portfolio's annualized base rent (ABR) was derived from tenants with an investment grade credit rating of "BBB-" or better[140] - The portfolio is 93% leased and occupied, indicating strong demand for the properties[140] - Approximately 92% of the leases in the current portfolio provide for increases in contractual base rent during future years[140] - The average effective annual rental per square foot is $15.24[140] - The largest tenants, including the General Service Administration and Dollar General, contributed approximately 36% of the portfolio's ABR[140] Financial Performance - Total revenue for the three months ended March 31, 2025, was $2,381,595, a decrease of 2.1% compared to $2,433,173 for the same period in 2024[149] - Total operating expenses increased by 6.2% to $3,857,376 for the three months ended March 31, 2025, compared to $3,633,825 in 2024[150] - Net loss for the three months ended March 31, 2025, was $1,797,460, an improvement from a net loss of $1,879,096 in 2024[151] - Net loss attributable to common shareholders decreased to $2,731,859 for the three months ended March 31, 2025, from $2,920,220 in 2024[153] - Funds From Operations (FFO) for the three months ended March 31, 2025, was $(211,486), compared to $(1,033,041) for the same period in 2024, indicating improved operational performance[189] - Core Adjusted Funds From Operations (Core AFFO) for the three months ended March 31, 2025, was $(39,589), a significant improvement from $241,218 in the same period of 2024[189] Cash and Debt Management - As of March 31, 2025, the company had total cash of $665,057 and outstanding mortgage loans with a principal balance of $66,184,027[154] - A loan agreement was entered into on August 10, 2023, for $21.0 million to finance the acquisition of the Modiv Portfolio, with a fixed interest rate of 7.47%[157] - The company has a loan of $5.5 million due on October 14, 2026, with a fixed interest rate of 9%[162] - As of March 31, 2025, the total outstanding mortgage loans payable amounted to $66,184,027, with a debt service coverage ratio (DSCR) requirement of 1.25 for several loans[166] - Minimum required principal payments on debt for 2025 total $1,138,148, with significant payments of $21,846,023 due in 2028 and $13,311,313 in 2029[170] Equity and Financing Activities - From inception through March 31, 2025, the company has distributed $5,024,622 to common stockholders[142] - The company closed a public offering generating net proceeds of $13.8 million in September 2021[155] - The company executed a purchase and sale agreement to sell a property for $7.2 million, expected to close in June 2025[169] - The company entered into new agreements for Norfolk properties, raising $3,000,000 in temporary equity as of March 31, 2025[170] - The preferred equity interest from the LC2 Investment has a cumulative distribution preference of 15.5% per year, with a current preferred return of 5% per annum[171] Tax and Regulatory Compliance - The company has elected to be taxed as a REIT for federal income tax purposes since the taxable year ending December 31, 2021[135] - The company was in compliance with all covenants except for one project level DSCR covenant, which was below the required 1.25 threshold due to a six-month vacancy[169] - The company does not have any material off-balance sheet arrangements that could materially affect its financial condition[181] Going Concern and Financial Flexibility - The company has substantial doubt about its ability to continue as a going concern due to recurring losses and projected cash needs[164] - The company aims to maintain financial flexibility through retained cash flows, long-term debt, and preferred stock to finance growth, targeting a lower-leveraged portfolio in the long term[177] - The redemption value of the preferred interest is $14,100,000 plus accrued but unpaid preferred interest of $3,403,728 as of March 31, 2025[175] Interest and Debt Costs - Interest expense increased by $161,526 year-over-year, driven by debt financing related to property acquisitions[158] - Debt issuance costs amortized during Q1 2025 were approximately $42,533, compared to $47,780 in Q1 2024[168] - The preferred return increased from 15.5% to 18%, with accrued preferred return rising from 10.5% to 13%[174]

Financial Performance - Total revenue increased 18% year-over-year to $49 million[1] - Net income for the quarter was $1 million, compared to a net loss of $(1.6) million in the prior-year period[6] - EBITDA increased to $2.2 million from $(0.0) million in the prior year, driven by higher revenue growth and lower expenses[7] - Gross profit rose to $8.6 million, up from $7.8 million in the prior-year period[6] - Total operating expenses decreased to $7 million from $10 million in the prior-year period[6] Assets and Management - Assets under management (AuM) grew 3% year-over-year to $26 billion[1] - Cash and cash equivalents stood at $9 million, with outstanding long-term debt of $25 million as of March 31, 2025[8] Strategic Initiatives - The company welcomed Bleakley Financial Group to its platform, enhancing its open-architecture model[3] - The company appointed Ryan Marcus as Chief Business Development and Engagement Officer to strengthen its leadership[3] - Binah Capital Group aims to navigate the dynamic macro environment and drive long-term shareholder value[3]

Kirk Huntsman, Vivos' Chairman and Chief Executive Officer, stated "Building on the pivotal changes we initiated in 2024, Vivos has continued to strategically position itself for growth in 2025. We've streamlined our operations and laid a rock-solid foundation for the future. The acquisition and integration of SCN will showcase our transformation, setting the stage for thousands of OSA patients to gain access to our devices from just this one acquisition. Coupled with the increasing adoption of our FDA-clea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 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: 001-42391 Newbury Street II Acquisition Corp (Exact name of registrant as specified in its charter) | Cayman Islands | 98-1797287 | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 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: 001-42391 Newbury Street II Acquisition Corp (Exact name of registrant as specified in its charter) | Cayman Islands | 98-1797287 | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ 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 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) ...