UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) Delaware 84-4529780 BYNORDIC ACQUISITION CORPORATION (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incorporation or organization) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ...

Exhibit 99.1 HCW Biologics Reports First Quarter 2025 Business Highlights and Financial Results Miramar, FL – May 15, 2025 – HCW Biologics Inc. (the "Company" or "HCW Biologics") (NASDAQ: HCWB), a clinical-stage biopharmaceutical company focused on discovering and developing novel immunotherapies to lengthen health span by disrupting the link between inflammation and age-related diseases, today reported financial results and recent business highlights for its first quarter ended March 31, 2025. On May 15, 2 ...

Greenidge Generation Reports Financial and Operating Results for the First Quarter 2025 Highlights Recent Board Refreshment and Appointments of Kenneth Fearn and Christopher Krug as Independent Directors Notes Recent Purchase of New Mississippi Site and Progress Toward Closing on Sale of South Carolina Property Continues to Explore Various Options to Grow Mining Operations Amid Surging Institutional and Sovereign Demand for Bitcoin Pittsford, NY – May 15, 2025 – Greenidge Generation Holdings Inc. (Nasdaq: G ...

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 ☐ 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: 001-38302 NRX PHARMACEUTICALS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Em ...

Financial Performance - Total net revenue for the three months ended March 31, 2025, was $3.9 million, consistent with the same period in 2024, while the net loss increased to $(0.7) million from $(0.6) million[112]. - For the six months ended March 31, 2025, total net revenue was $7.7 million, a slight increase from $7.6 million in 2024, with a net loss of $(1.4) million compared to $(1.2) million in 2024[113]. - Subscription and perpetual licenses revenue for the three months ended March 31, 2025, was $3.1 million, up from $3.0 million in 2024, representing 79% of total revenue[116][117]. - Digital engagement services revenue for the three months ended March 31, 2025, remained at $0.8 million, accounting for 21% of total revenue[118][119]. - Gross profit for the three months ended March 31, 2025, was $2.6 million, representing a gross margin of 68%, compared to 66% in 2024[114]. - Adjusted EBITDA for the three months ended March 31, 2025, was $(0.2) million, a deterioration from $(0.1) million in 2024, reflecting a 188% increase in losses[114]. - The loss from operations was $(0.7) million for the three months ended March 31, 2025, compared to $(0.5) million for the same period in 2024[145]. Revenue and Cost Breakdown - Total cost of revenue for the three months ended March 31, 2025, was $1.3 million, unchanged from the same period in 2024[121]. - The cost of subscription and perpetual licenses was 28% of the revenue for the three months ended March 31, 2025, consistent with the same period in 2024[122]. - Subscription and perpetual licenses cost increased to $1.8 million for the six months ended March 31, 2025, from $1.7 million for the same period in 2024, representing a 5.88% increase[123]. - The cost of subscription and perpetual licenses as a percentage of revenue was 29% for the six months ended March 31, 2025, compared to 28% for the same period in 2024[123]. - Digital engagement services cost remained consistent at $0.4 million for the three months ended March 31, 2025, and 2024, with a decrease in cost as a percentage of revenue from 53% to 48%[126]. Operating Expenses - Operating expenses for the three months ended March 31, 2025, increased by 10% to $3.4 million from $3.0 million in 2024[114]. - Sales and marketing expenses rose to $1.1 million for the three months ended March 31, 2025, from $0.9 million in 2024, with the expense as a percentage of total revenue increasing from 25% to 28%[132]. - Research and development expenses increased to $1.1 million for the three months ended March 31, 2025, from $1.0 million in 2024, with the percentage of total revenue rising from 27% to 29%[136]. Customer and Market Information - The company currently has over 2,000 active customers, with no single customer exceeding 10% of total revenue[111]. Cash Flow and Financing Activities - Cash used in operating activities decreased to $(0.2) million for the six months ended March 31, 2025, from $(1.0) million in 2024[156]. - Cash provided by financing activities was $1.6 million for the six months ended March 31, 2025, primarily from common stock issuance[158]. - The Company issued 1,000,000 shares of common stock at an offering price of $1.50 per share, generating approximately $1.5 million in gross proceeds before expenses, with net proceeds of $1.3 million after deducting offering expenses[161]. - A separate private placement transaction sold 473,979 unregistered shares at $1.52 per share, resulting in gross proceeds of approximately $720,000 and net proceeds of $700,000 after expenses[162]. - The company plans to offer up to $50 million of debt or equity securities under its effective registration statement[160]. Accounting and Valuation Policies - Revenue is derived from Software Licenses and Digital Engagement Services, with revenue recognized when control of services is transferred to customers[167][168]. - The Company uses a five-step model for revenue recognition, which includes identifying customer contracts and performance obligations[171]. - Goodwill is tested for impairment annually, with potential impairment factors including operational and economic uncertainties[172][173]. - The Company allocates acquisition costs to assets and liabilities based on fair values, with excess purchase price allocated to goodwill[174]. - Stock-based compensation is recognized based on fair values, with expenses expected to vest over a service period, generally three years[178]. - The fair value of stock options is estimated using the Black-Scholes-Merton model, with subjective inputs affecting the valuation[179][180]. Lease and Debt Obligations - Total gross obligations for operating leases amount to $0.2 million, with obligations extending through January 2028, and debt payments total $0.4 million, of which $0.2 million is expected to be paid in the next twelve months[164]. - The Company has no off-balance sheet arrangements or relationships with unconsolidated entities[163].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission File Number: 001-37939 MARKER THERAPEUTICS, INC. (Name of registrant in its charter) | DELAWARE | 45-4497941 | | --- | --- | | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | | 2450 Holcombe Blvd, Suite BCM-A, MS: BCM251 | | | Houston, Texas | 77021 | | (Address of principal executive offices) | (Zip Code) | | (713) 400-6400 | | | (Issuer's te ...

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 | Delaware | 88-0445167 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) | | 950 Railroad Avenue, Midland, Penns ...

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: 001-39445 MSP Recovery, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 84-4117825 (State or other jurisdictio ...

Bitcoin Mining Performance - The company mined 24.3 Bitcoin in the three months ended March 31, 2025, down from 86.4 Bitcoin in the same period of 2024[159]. - The average revenue per Bitcoin mined during the three months ended March 31, 2025, was $93,578, compared to $53,217 in the same period of 2024, representing an increase of 76%[159]. - The cost of mining one Bitcoin, including miner-related depreciation, was 149% of the average Bitcoin mining revenue for the three months ended March 31, 2025, compared to 101% in 2024[159]. - The company mined 24.3 Bitcoin at an average price of approximately $94 thousand during the three months ended March 31, 2025, compared to 86.4 Bitcoin at an average price of approximately $53 thousand in 2024[167]. - Bitcoin mining costs decreased by $1.3 million to $1.4 million for the three months ended March 31, 2025, from $2.7 million in 2024[169]. Financial Performance - Total revenue for the three months ended March 31, 2025, decreased by $2.3 million to $2.4 million from $4.7 million for the same period in 2024[166]. - The company’s digital mining revenues for the three months ended March 31, 2025, were $2,273,940, a decrease from $4,597,908 in the same period of 2024[159]. - The net loss for the three months ended March 31, 2025, was $5.4 million, compared to a net income of $1.9 million for the same period in 2024[176]. - For the three months ended March 31, 2025, the company reported a net loss of $5,406,999 compared to a net income of $2,353,838 in the same period of 2024[191]. - Core income before interest, taxes, and depreciation for Q1 2025 was a loss of $2,824,945, down from a profit of $4,427,960 in Q1 2024[191]. - Operating expenses increased by $3.8 million to $7.5 million for the three months ended March 31, 2025, up from $3.7 million in 2024[168]. - Cash and cash equivalents decreased to $1.03 million as of March 31, 2025, from $3.38 million at the end of 2024[181]. - The company had working capital of $8.3 million as of March 31, 2025, reflecting a decrease of $3.7 million since December 31, 2024[179]. Asset Valuation and Market Conditions - As of March 31, 2025, the company held approximately 160.2 Bitcoin with a carrying value of $14.5 million and a fair value of $13.2 million[155]. - The Bitcoin price range for the quarter ended March 31, 2025, was between $76,555 and $109,358, reflecting significant volatility in the market[153]. - The fair market adjustment on mined digital assets resulted in a loss of $1.8 million for the three months ended March 31, 2025, compared to a gain of $4.3 million in 2024[168]. - The company recognized an unrealized loss on securities of $26 thousand for the three months ended March 31, 2025, compared to an unrealized gain of $1.4 million in 2024[173]. - The company reported an unrealized loss on investment and equity securities of $25,984 in Q1 2025, contrasting with an unrealized gain of $1,350,979 in Q1 2024[191]. Operational Capacity and Management - The company has a total hashing capacity of approximately 0.612 EH/s with 5,600 mining machines as of March 31, 2025[156]. - The company has a 15 MW hosting site in Oklahoma with 4,320 installed S19 J Pro Antminer machines, increasing its total projected hashrate to 432 PH[157]. - The company’s management actively manages energy consumption to increase profitability, with curtailment decisions made in real-time based on power prices and Bitcoin value[162]. Future Outlook - The next Bitcoin halving event is anticipated to occur around April 2028, which may significantly impact Bitcoin prices and mining profitability[148]. Accounting and Reporting - There were no critical accounting estimates for the three months ended March 31, 2025, indicating stability in financial reporting practices[192]. - The company has not made any material changes to its critical accounting policies and estimates compared to the previous annual report[193]. - There are no off-balance sheet arrangements reported by the company, reflecting a straightforward financial structure[195]. - As a smaller reporting company, the company is not required to disclose quantitative and qualitative market risk information[196]. Interest and Depreciation - Interest expense increased to $220,906 in Q1 2025 from $70,826 in Q1 2024, indicating a significant rise in borrowing costs[191]. - Depreciation and amortization expenses rose to $2,037,578 in Q1 2025, compared to $1,976,196 in Q1 2024[191]. - The company incurred a $1.2 million impairment on mining equipment during the three months ended March 31, 2024, with no impairment loss reported for the same period in 2025[171].

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: 001-39445 MSP Recovery, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 84-4117825 (State or other jurisdictio ...