Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 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 001-16653 EMPIRE PETROLEUM CORPORATION (Exact name of registrant as specified in its charter) (State or Other Jurisdiction o ...

Financial Performance - Revenues for the three months ended September 30, 2025, were $2,717 thousand, a decrease of 57.7% compared to $6,281 thousand during the same period in 2024 [259]. - Revenues from Cortex's content platform were $2,371 thousand for the three months ended September 30, 2025, down 56.8% from $5,492 thousand in the prior year, primarily due to the Cortex Adverse Effect [260]. - Revenues from Gix Media's Search Platform were $342 thousand for the three months ended September 30, 2025, a decrease of 56.7% compared to $789 thousand during the same period in the prior year [261]. - Revenues for the nine months ended September 30, 2025, were $7,731 thousand, a decrease of 67.24% compared to $23,616 thousand during the same period in the prior year [271]. - Revenues from Cortex's content platform were $6,486 thousand, down 66.34% from $19,240 thousand in the prior year, primarily due to the Cortex Adverse Effect [272]. - Revenues from Gix Media's Search Platform were $1,225 thousand, a decrease of 71.94% compared to $4,376 thousand in the prior year, attributed to reduced search referrals and credit line decreases from partners [273]. Expenses and Financial Metrics - Traffic-acquisition and related costs were $2,133 thousand for the three months ended September 30, 2025, down 58.8% from $5,145 thousand in the prior year [262]. - Research and development expenses decreased to $115 thousand for the three months ended September 30, 2025, compared to $338 thousand during the same period in 2024 [263]. - Selling and marketing expenses decreased to $173 thousand for the three months ended September 30, 2025, down 47.4% from $329 thousand in the prior year [264]. - General and administrative expenses increased to $619 thousand for the three months ended September 30, 2025, up 42.3% from $435 thousand during the same period in 2024 [265]. - An intangible assets and goodwill impairment loss of $2,375 thousand was recorded during the three months ended September 30, 2025, compared to $0 in the same period in 2024 [267]. - Net financial expenses were $668 thousand for the three months ended September 30, 2025, compared to $152 thousand net financial income during the same period in the prior year [269]. - Traffic-acquisition costs were $6,336 thousand, down 64.73% from $19,214 thousand in the prior year, reflecting decreased revenues from both platforms [274]. - Research and development expenses were $387 thousand, a significant decrease of 75.83% from $1,600 thousand in the prior year, due to expense reductions in both platforms [275]. - Selling and marketing expenses were $579 thousand, down 59.83% from $1,440 thousand in the prior year, primarily due to salary reductions [276]. - General and administrative expenses were $1,448 thousand, a decrease of 16.67% from $1,737 thousand in the prior year, mainly due to salary and professional service reductions [277]. - Net financial expenses increased to $11,193 thousand from $2,755 thousand in the prior year, primarily due to financing expenses from facility agreements [281]. - The company reported a negative cash flow from operating activities of $2,551 thousand for the nine months ended September 30, 2025, compared to a positive cash flow of $1,990 thousand in the prior year [291]. Corporate Actions and Acquisitions - The Company completed the sale of Cortex for a total consideration of $800,000, which includes $200,000 in cash and $600,000 in preferred shares [233]. - The Company entered into a non-binding term sheet to acquire 100% of Quantum X Labs Ltd., potentially issuing 40% of its capital stock in exchange [235]. - The Quantum Acquisition may involve additional shares issuance based on achieving specific development milestones [236]. - The Private Placement Offering involves the sale of 800,000 shares of common stock at a price of $3.75 per share, expected to close in December 2025 [239]. - The Common Warrants associated with the Private Placement will have an exercise price of $5.625 per share and will expire five years from the issuance date [241]. - Aggregate gross proceeds from the July 2025 Private Placement were approximately $4.5 million, before deducting fees and expenses [250]. - The company raised gross proceeds of $4.5 million from a private placement on July 14, 2025, and expects approximately $3.0 million from a subsequent private placement in November 2025 [301]. Operational Focus - As of September 30, 2025, the Company operates primarily through Gix Media's Search Platform, focusing on digital advertising operations [223]. - The Search Platform generates revenue based on the amount received from Search Engines for user traffic referrals, rather than from advertisement revenue itself [227]. - The Company is focused on developing AI and NLP solutions through its subsidiary Metagramm, which offers a writing tool called "Bubbl" [226]. - The Company faces risks related to cash flow generation and the ability to meet debt obligations, raising concerns about its going concern status [221]. - The Company is subject to a two-year non-compete and non-solicitation covenant following the sale of Cortex [234].

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 September 30, 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: 001-41519 DMY SQUARED TECHNOLOGY GROUP, INC. (Exact Name of Registrant as Specified in Its Charter) Massach ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (I.R.S. Employer Identification No.) (206) 414-1777 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: | | Trading | | | --- | --- | - ...

Financial Performance - Banzai generated revenue of approximately $9.4 million for the nine months ended September 30, 2025, compared to $3.2 million for the same period in 2024, representing a year-over-year increase of 194%[318] - The company incurred net losses of approximately $17.5 million for the nine months ended September 30, 2025, compared to $23.7 million for the same period in 2024, indicating a reduction in losses[318] - For the nine months ended September 30, 2025, total revenue was approximately $9,351 thousand, an increase of 189.7% compared to $3,228 thousand in the same period of 2024[410] - Banzai reported total other income of approximately $3.2 million for the nine months ended September 30, 2025, reflecting a decrease in other expenses (income) of approximately $10.9 million, or -77.5%, compared to the same period in 2024[415] - The company reported a net loss of $17,461 thousand for the nine months ended September 30, 2025, a decrease of 26.2% from a net loss of $23,659 thousand in the same period of 2024[409] - Adjusted EBITDA for the nine months ended September 30, 2025, was approximately $(5.6) million, reflecting a decrease in earnings of approximately $0.8 million compared to a loss of approximately $(4.8) million for the same period in 2024[438] Customer Metrics - Banzai's customer base grew to over 6,097 customers as of September 30, 2025, with a significant increase in multi-host Demio customers from 14 to 97 since January 1, 2021[316] - The average monthly Net Revenue Retention (NRR) for the nine months ended September 30, 2025, was 96.4%, slightly down from 96.7% in 2024[383] - The average Customer Acquisition Cost (CAC) for the three months ended September 30, 2025, was $1,322, a decrease from $1,569 in 2024[391] - The average monthly revenue churn for the three months ended September 30, 2025, was 3.7%, down from 4.4% in 2024[394] - The average monthly customer (logo) churn for the three months ended September 30, 2025, was 6.9%, compared to 5.3% in 2024[394] - Customer Life increased to 26.7 months for new customers in the three months ended September 30, 2025, up from 22.9 months in the same period of 2024[398] - The LTV (Customer Lifetime Value) for new customers rose to $3,136 in the three months ended September 30, 2025, compared to $2,635 in the same period of 2024[398] - The LTV/CAC (Customer Acquisition Cost) ratio improved to 2.8 for the three months ended September 30, 2025, compared to 1.8 in the same period of 2024[402] - The total average Annual Customer Value (ACV) for the nine months ended September 30, 2025, was $1,590, compared to $1,549 in 2024[387] Acquisitions and Mergers - The company completed the acquisition of Vidello Limited for approximately $2.7 million in cash and 89,820 shares of Banzai Class A common stock, with Vidello generating over $6.5 million in TTM revenue[323][324] - Banzai closed a merger with OpenReel, valued at $19.6 million, which included the issuance of 93,055 shares of Banzai Common Stock and 1,176,950 Pre-Funded Warrants[319][321] - Revenue from OpenReel and Vidello acquisitions contributed approximately $6,123 thousand to the total revenue increase for the nine months ended September 30, 2025[410] Capital Raising and Financing - The company is exploring additional capital raising through private placements to support operations and expansion through acquisitions[331] - The Company raised $11,000,000 through a private placement of senior secured convertible notes on June 27, 2025, with proceeds of $1,725,000 received after discounts and fees[352] - The Company entered into an At The Market Offering Agreement on August 27, 2025, with an aggregate market value of approximately $5.6 million eligible for sale[358] - The Company collected $330,000 in gross proceeds from a private placement in May 2025, selling shares at $6.90 each and prefunded warrants at $3.40 each[363] - The Company raised approximately $4.4 million in net proceeds from a Private Placement, which will be used for general corporate purposes and working capital[370] - The company intends to seek additional funding through various financing arrangements in 2025, including the SEPA and ATM Agreement[444] Debt and Liabilities - Banzai's accumulated deficit increased to $95.7 million as of September 30, 2025, up from $78.3 million at the end of 2024[318] - The Company issued a subordinated secured promissory note on March 31, 2025, with a principal amount of $4,000,000, receiving proceeds of $2,044,105 after fees[342] - The Company issued pre-funded warrants to purchase up to 117,647 shares of Class A common stock at an exercise price of $0.001 per share as part of the Private Placement[367] - The total outstanding principal balance of the 2024 CP BF Convertible Note, along with accrued interest and other obligations, is due on February 19, 2027[458] - The GEM Promissory Note requires the Company to pay $1.2 million in cash and includes a $1.0 million unsecured promissory note payable in monthly installments of $100,000[460] - The company has a GEM commitment fee liability of $2,000,000 recognized concurrent with the close of the merger[508] - Total debt carrying values as of September 30, 2025, amounted to $12,343,000, with accrued interest of $4,104,000, leading to a total of $16,448,000[502] Operational Expenses - Total operating expenses for the nine months ended September 30, 2025, were approximately $21.8 million, an increase of approximately $10.1 million, or 86.3%, compared to $11.7 million for the same period in 2024[413] - Operating loss for the nine months ended September 30, 2025, was $14,178 thousand, an increase of 48.5% from a loss of $9,546 thousand in the same period of 2024[409] - Cost of revenue for the nine months ended September 30, 2025, was approximately $1,680 thousand, a 60.2% increase from $1,049 thousand in the same period of 2024[411] Cash Flow and Working Capital - Banzai's cash balance as of September 30, 2025, was approximately $0.9 million, with a working capital deficit of approximately $23.8 million[442] - Net cash used in operating activities for the nine months ended September 30, 2025, was approximately $13.4 million, compared to $5.4 million for the same period in 2024, representing a 150.2% increase in cash outflow[446] - Net cash provided by financing activities for the nine months ended September 30, 2025, was approximately $15.9 million, an increase of 111.5% compared to $7.5 million for the same period in 2024[450] - Net cash used in investing activities for the nine months ended September 30, 2025, was approximately $2.7 million, related to the acquisition of Vidello[449] Tax and Compliance - The provision for income tax expense for the nine months ended September 30, 2025, was $113 thousand, a significant increase of 1614.3% from $7 thousand in the same period in 2024[416] - The company had no unrecognized tax benefits that would reduce its effective tax rate as of September 30, 2025[419] - Banzai's securities were successfully listed on the Nasdaq Capital Market after demonstrating compliance with listing rules[330] Miscellaneous - A reverse stock split of 1-for-10 was approved and became effective on July 8, 2025[327] - The Company recognized a loss on debt extinguishment of $6,529,402 related to the consolidation of the Old CP BF Notes into the 2024 CP BF Convertible Note[455] - The carrying amount of the Company's OpenReel reporting unit exceeded its fair value, resulting in an impairment loss of $2.7 million at December 31, 2024[431] - The Company recognized a loss on the failed Act On acquisition costs of $1.4 million during the nine months ended September 30, 2025[418] - The company has issued an aggregate of 19,000 shares of Class A Common Stock to GEM in lieu of monthly payment obligations[510]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 September 30, 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: 001-42262 GigCapital7 Corp. Indicate by check mark whether the registrant is a large accelerated filer, an acce ...

Financial Performance - For the three months ended September 30, 2025, the company reported a net loss of $212,080, with operating expenses of $1,270,192 and other expenses from the change in fair value of warrant liability amounting to $1,115,700, partially offset by interest income of $2,173,673 [102]. - For the nine months ended September 30, 2025, the company achieved a net income of $2,950,220, driven by interest income of $6,408,004, offset by operating expenses of $2,026,618 and other expenses from the change in fair value of warrant liability of $1,431,815 [105]. Cash and Securities - As of September 30, 2025, the company held cash and marketable securities totaling $209,596,708 in the Trust Account, with $200,000,000 of these funds designated for acquisition purposes [107]. - As of September 30, 2025, the company reported a working capital deficit of $561,564 and cash of $405,404 held outside the Trust Account, raising concerns about its ability to continue as a going concern [112]. - The company plans to use funds from the Trust Account for acquiring target businesses and covering related expenses, with expectations that interest earned will be sufficient to cover any income taxes [110]. Business Operations - The company has no operating revenues to date and does not expect to generate any until after the completion of its initial business combination [101]. - The company has not engaged in any operations or generated revenues since its inception, focusing solely on organizational activities and identifying target businesses for acquisition [101]. - The company has incurred significant costs related to its acquisition plans and expects to continue doing so as it pursues its business combination [100]. Financing and Warrant Information - The company intends to utilize cash from its initial public offering and private placement warrants to finance its initial business combination, with each public warrant exercisable for one Class A ordinary share at a price of $11.50 [99]. - The company accounts for warrants not indexed to its own shares as liabilities at fair value, with changes in fair value recognized as other income (expense) [122]. - As of September 30, 2025, the company had 20,000,000 Class A ordinary shares issued and outstanding, which are subject to possible redemption [121]. Administrative Expenses - The company has entered into agreements to pay monthly fees of $30,000 for office space and administrative services, and $20,000 for accounting services, as of September 30, 2025 [116]. Regulatory and Risk Factors - The company has elected not to opt out of the extended transition period under the JOBS Act, allowing it to adopt new or revised accounting standards at the same time as private companies [118]. - As of September 30, 2025, the company was not subject to any market or interest rate risk, with funds held in the Trust Account invested in U.S. government securities [123].

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 September 30, 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: 001-42479 HENNESSY CAPITAL INVESTMENT CORP. VII (Exact Name of Registrant as Specified in Its Charter) | ...

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 September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Not Applicable (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant ...

Financial Performance - Net income for Q3 2025 was $3,030, an increase of $311 from Q3 2024, with earnings per share rising to $0.64 from $0.58[115] - Net interest income grew by 16.0% in Q3 2025, totaling an increase of $2,016, driven by a 7.3% rise in average earning assets[116] - Noninterest income decreased by $1,106, or 38.8%, in Q3 2025, largely due to a $1,219 loss on the sale of securities[119] - Noninterest expenses rose by $269, or 2.4%, in Q3 2025, led by increases in data processing and marketing costs[120] - The income tax provision increased by $138 in Q3 2025, with operating income rising by 13.6% and the effective tax rate increasing to 19.1%[184] - The efficiency ratio improved to 69.70% in Q3 2025, down from 72.01% in Q3 2024, reflecting better management of expenses and increased earning assets[183] Asset and Liability Management - Total assets increased to $1,570,043, up $66,631 from year-end 2024, primarily due to a $68,709 increase in loans[122] - Total liabilities increased to $1,405,626, up $52,542 from year-end 2024, primarily due to higher interest-bearing deposit balances[123] - Shareholders' equity rose to $164,417, an increase of $14,089 from December 31, 2024, driven by net income and unrealized gains on AFS securities[124] - Cash and cash equivalents increased by $6,209, or 7.5%, to $89,316, primarily from interest-bearing deposits with banks[126] - Total deposits increased by $57,309, or 4.5%, to reach $1,329,000 at September 30, 2025, primarily driven by a $56,844 increase in interest-bearing deposits, which rose by 6.0%[151] Loan Portfolio and Credit Quality - The Company's total loan balances increased to $1,130,534, representing a growth of $68,709, or 6.5%, compared to $1,061,825 at year-end 2024[138] - The commercial real estate loan portfolio increased by $69,520, or 18.6%, from year-end 2024, making it the largest segment at 39.1% of total loans[139] - The allowance for credit losses (ACL) for loans totaled $11,420, or 1.01% of total loans, up from $10,088, or 0.95% at year-end 2024, reflecting a $1,332, or 13.2% increase[147] - Nonperforming loans to total loans decreased to 0.42% at September 30, 2025, down from 0.46% at December 31, 2024[148] - Provision for credit losses expense totaled $1,112 for the three months ended September 30, 2025, an increase of $192 from $920 in the same period in 2024[168] Securities and Investment - The Company experienced a $7,930, or 2.9% decrease in total securities from year-end 2024, influenced by lower needs for securities related to the Homebuyers Plus program[128] - Agency mortgage-backed securities increased by $55,677, or 59.1%, from year-end 2024, with total purchases during the first nine months of 2025 amounting to $78,284[128] - The fair value of AFS securities increased by $7,245 during the first nine months of 2025, attributed to a decrease in long-term market rates[130] - The Company recorded a realized loss of $1,219 from the sale of three Agency mortgage-backed securities, but expects future income to benefit from the shift to higher-yielding securities[129] - Total interest income from securities increased by $3,011, or 80.8%, during the first nine months of 2025, compared to the same period in 2024[162] Deposits and Funding - The Company targeted growth in retail CDs, resulting in a $69,423 increase in time deposit balances, or 17.6%, from year-end 2024[153] - Total deposits increased by 8.5% from year-end 2024, with uninsured deposits at 37.4% of total deposit balances[193] Off-Balance Sheet Activities - The Company engages in off-balance sheet credit-related activities, including commitments to extend credit and standby letters of credit, which may require cash payments if specified future events occur[196] - The Allowance for Credit Losses (ACL) is determined based on evaluations of past events, historical credit loss experience, current conditions, and forecasts affecting cash flow collectability[200] - The Company maintains a diversified credit portfolio, with residential real estate loans being the most significant portion, and aims to limit credit risk by avoiding industry concentrations[202]