☒ 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 CANTOR EQUITY PARTNERS I, INC. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Cayman Islands 001-42464 98-1576503 (State or other jurisdiction ...

Financial Performance - Total revenues for Q3 2025 were $5,384,754, a slight decrease of 1.2% compared to $5,451,975 in Q3 2024[20] - Net loss for Q3 2025 was $9,292,193, compared to a net loss of $4,527,472 in Q3 2024, reflecting an increase in losses of 105.5%[20] - Operating costs for Q3 2025 totaled $15,356,602, significantly higher than $9,128,236 in Q3 2024, marking a 68.5% increase[20] - The company reported a net loss attributable to common stockholders of $6,464,987 for Q3 2025, compared to $3,932,221 in Q3 2024, an increase of 64.5%[20] - For the nine months ended September 30, 2025, the net loss was $41,028,537 compared to a net loss of $25,612,656 for the same period in 2024, indicating a significant increase in losses[27] - The net loss for the period ending September 30, 2025, was $6,361,487, compared to a net loss of $9,292,193 in the previous period[24] - The company reported a total of 11,240,620 shares issued as warrants during the reporting period[23] - For the three months ended September 30, 2025, the basic and diluted net loss per share of common stock was $(0.15), with a net loss attributable to common stock holders of $(6,303,567) on a weighted average of 41,355,312 shares outstanding[150] - For the nine months ended September 30, 2025, the basic and diluted net loss per share of common stock was $(0.91), with a net loss attributable to common stock holders of $(35,496,219) on a weighted average of 38,957,034 shares outstanding[150] Assets and Liabilities - Total assets reached $314,807,320 as of September 30, 2025, compared to $178,417,515 as of December 31, 2024, indicating a growth of 76.3%[18] - Total liabilities increased to $108,356,430 as of September 30, 2025, up from $47,600,277 as of December 31, 2024, reflecting a rise of 127.6%[18] - As of December 31, 2023, total assets amounted to $121,151,947, with liabilities of $75,173,943, resulting in a total equity of $45,978,004[24] - As of September 30, 2025, total property and equipment net value was $250,191,115, an increase from $137,215,936 as of December 31, 2024[99] - Total liabilities as of December 31, 2024, were $42.46 billion, with long-term liabilities comprising $21.94 billion[94] Cash Flow and Investments - Cash and cash equivalents increased to $58,181,816 as of September 30, 2025, up from $37,969,454 as of December 31, 2024, representing a growth of 53.5%[18] - Net cash used in operating activities was $(5,186,884) for the nine months ended September 30, 2025, compared to $13,336,007 provided in the same period of 2024[27] - Cash flows from investing activities resulted in a net cash outflow of $(75,805,333) for the nine months ended September 30, 2025, compared to $(61,541,682) in 2024[27] - The company raised $101,204,579 from financing activities in the nine months ended September 30, 2025, compared to $63,801,428 in the same period of 2024[27] - The company made a significant investment of $76,428,062 in property and equipment during the nine months ended September 30, 2025[27] Equity and Shareholder Information - The total stockholders' equity increased to $196,325,890 as of September 30, 2025, compared to $130,817,238 as of December 31, 2024, a growth of 50%[18] - The weighted average number of shares of Class B common stock outstanding was 379,990 for Q3 2025, slightly down from 383,656 in Q3 2024[20] - The company issued 2,937,500 shares, raising $32,946,163 through the exercise of warrants[23] - The company issued a total of $18,000,000 in convertible promissory notes with a 12% annual interest rate, maturing three years from issuance, and issued warrants for 900,000 shares at an exercise price of $12.50 per share[124][126] - The Company authorized a Class D common stock of up to 60,000,000 shares, allowing Class B and Class C stockholders to exchange for Class D shares on a 1:1 basis[129] Operational Developments - The company acquired 100% of 13141 BP, LLC on June 26, 2024, which owned the land and buildings used by the company[39] - The Sunset Amphitheater, LLC opened in August 2024, enhancing the company's entertainment offerings[40] - The company plans to develop a new hospitality-focused music venue, Sunset at Broken Arrow, LLC, which broke ground in October 2025[47] - The company is focused on market expansion, particularly in Colorado, Georgia, Oklahoma, and Texas, with plans for additional venues[216] - The company is currently in the construction phase for new venues, with expectations to continue through 2025 and 2026[216] Revenue Streams - Restaurant Operations generated $2,269,005, or 42% of total revenue for the three months ended September 30, 2025, down from 50% in the same period of 2024[190] - Event Operations contributed $1,116,580, or 21% of total revenue for the three months ended September 30, 2025, consistent with the same percentage in 2024[188] - Event center ticket and fees revenue for the nine months ended September 30, 2025, was $5,019,548, an 8% increase from $4,663,228 in 2024[202] - The Ford Amphitheater began generating revenue in Q3 2024, contributing to the company's overall revenue growth strategy[191] Cost Management - General and administrative expenses surged to $25,019,942 for the nine months ended September 30, 2025, compared to $20,351,859 for the same period in 2024, an increase of 23.1%[20] - Total advertising expenses for the three-month period ended September 30, 2025, were approximately $1,269,240, up from $715,380 for the same period in 2024, representing an increase of about 77%[79] - The company is actively seeking cost-saving measures to mitigate the effects of inflation[215] Future Outlook - The company anticipates the opening of Roth's Sea & Steak in late 2025, which is expected to contribute to improved profitability[62] - The company has raised substantial doubt about its ability to continue as a going concern, but management believes that cash on hand and improved profitability will alleviate this concern over the next twelve months[61] - The company does not anticipate operational profits until additional venues are opened and operated[216] - The company expects to amortize long-term licensing liabilities for Sunset at Broken Arrow in summer 2026 and for Sunset at McKinney in Q3/Q4 2026[78]

IPO and Trust Account - The company completed its Initial Public Offering on May 5, 2025, raising $240 million from the sale of 24 million Class A ordinary shares at $10.00 per share[133]. - Following the IPO, $240 million was placed in a Trust Account, which may only be invested in U.S. government securities or held as cash until the completion of a Business Combination[135]. - The company has until May 5, 2027, to complete a Business Combination, or it will liquidate and redeem Public Shares at a price equal to the amount in the Trust Account[136]. Financial Performance - As of September 30, 2025, the company reported a net income of approximately $2.4 million, primarily from $2.56 million in interest income on Trust Account investments[148]. - For the nine months ended September 30, 2025, the company had a net income of approximately $3.77 million, with $4.09 million in interest income offset by administrative expenses[150]. - As of September 30, 2025, the company had cash of $25,000 and a working capital deficit of approximately $174,000[144]. - The company has incurred no revenues to date and expects increased expenses related to being a public company and due diligence for the Business Combination[147]. Business Combination - The company entered into a Business Combination Agreement with Securitize, Inc. on October 27, 2025, which will result in Securitize becoming a publicly traded company[139]. - PIPE Investors have committed to purchase 22.5 million Class A ordinary shares at $10.00 per share for a total of $225 million, to be used for transaction expenses and working capital[141]. - The company has received a commitment from the Sponsor for a loan of up to $1.75 million to fund expenses related to the Business Combination[145]. - The company has engaged Cantor Fitzgerald & Co. as an advisor for the Business Combination, with a cash fee of $8,400,000, which is 3.5% of the gross proceeds from the Initial Public Offering[153]. Loans and Financial Obligations - The Sponsor has agreed to lend the company up to $3,600,000 under a promissory note, with a conversion option into Class A ordinary shares at a price of $10.00 per share[154]. - As of September 30, 2025, the company had approximately $78,000 outstanding under the Sponsor Loan, with no borrowings under the Working Capital Loans or the Sponsor Note[156]. - The company has committed up to $1,750,000 in the Sponsor Loan to fund transaction costs and working capital requirements, including $10,000 per month for office space and administrative support[155]. Accounting and Compliance - The company complies with ASC 260 for net income (loss) per ordinary share, applying the two-class method for allocation among different classes of shares[161]. - The company has not opted out of the extended transition period under the JOBS Act, allowing it to adopt new accounting standards at the same time as private companies[158]. - The company has no off-balance sheet arrangements or contractual obligations as of September 30, 2025[163]. Risks and Valuation - The company’s results of operations may be adversely affected by economic uncertainty, fluctuations in interest rates, and geopolitical instability[152]. - The company recognizes changes in the redemption value of Class A ordinary shares immediately and adjusts their carrying value accordingly[159].

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 For the transition period from to Commission File Number: 001-38529 AIRO Group Holdings, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

Financial Performance - For the three months ended September 30, 2025, the company reported a net loss of $3,513,781, with interest income of $173,896 and operating costs of $399,677 [180]. - For the nine months ended September 30, 2025, the company had a net income of $2,714,017, driven by a change in fair value of warrant liabilities of $3,288,000 and interest income of $514,927 [183]. - The company incurred operating and formation costs of $1,088,910 for the nine months ended September 30, 2025 [183]. - Management has raised substantial doubt about the Company's ability to continue as a going concern for the next twelve months from the date of filing the report [201]. - The Company calculates its earnings per share by allocating net (loss) income pro rata to its Class A and Class B ordinary shares [222]. Cash and Investments - As of September 30, 2025, the company had cash held in the Trust Account of approximately $16,794,222, including $2,908,834 of interest expense [190]. - The company intends to use substantially all funds in the Trust Account to complete the Business Combination and for working capital of the target business [190]. - As of September 30, 2025, the total outstanding balance under the Working Capital Note was $2,594,731 [175]. - As of September 30, 2025, $2,445,435 was outstanding under the amended Working Capital Note, which has been increased to a principal amount of $2.75 million [208]. - The total amount borrowed under various promissory notes is $3.5 million, with $2.6 million allocated for working capital and $0.9 million for extensions of the Combination Period [213]. Business Combination - The company has until February 7, 2026, to complete the Nidar Business Combination, with the option to extend the Combination Period [170]. - The Company has until February 7, 2026, to complete the Nidar Business Combination, or it may seek to extend the Combination Period, which requires shareholder approval [201]. - The company entered into an agreement with Oppenheimer for advisory services related to the Nidar Business Combination, agreeing to pay a cash fee of $2,000,000 upon consummation [177]. - The Company may lack sufficient funds to consummate the business combination due to the termination of the Forward Purchase Agreement with the Cartica Funds [206]. IPO and Underwriting - The company completed the sale of 23,000,000 Units at a price of $10.00 per Unit, generating gross proceeds of $230,000,000 during its IPO [185]. - The underwriters received a cash underwriting discount of $0.20 per Unit, totaling $4,600,000, and a deferred fee of $8,050,000, which will be payable only if a business combination is completed [205]. Warrant and Share Information - The Company has 27,400,000 warrants issued and outstanding, including 11,500,000 Public warrants classified as Level 1 and 15,900,000 Private Placement Warrants classified as Level 3 [218]. Accounting Standards - The FASB issued ASU 2024-03, effective for fiscal years beginning after December 15, 2026, requiring additional disclosures about specific expense categories [223]. - The Company is currently evaluating the impact of adopting ASU 2024-03 [223]. - Management does not believe that any other recently issued accounting standards would have a material effect on the unaudited condensed financial statements [224]. - The Company is classified as a smaller reporting company and is not required to provide certain market risk disclosures [225]. Shareholder Activity - On October 3, 2025, shareholders redeemed 420,537 Public Shares for approximately $5.2 million, resulting in a per-share redemption price of about $12.46 [172]. Loan and Fees - The Company incurred and paid $50,000 and $150,000 in fees for administrative support services for the three and nine months ended September 30, 2025, respectively [203]. - The Company has drawn a total of $360,000 in installments of $40,000 under a loan agreement for the Trust Account through September 2025 [209]. - The Fourth Extension Note issued on August 11, 2025, has a principal amount of up to $202,214.40, with monthly deposits of $67,404.80 until October 7, 2025 [212].

U. S. 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 001-38182 BEELINE HOLDINGS, INC. (Name of small business issuer as specified in its charter) Nevada 20-3937596 (State or oth ...

Financial Performance - The company reported a net loss of $3,513,781 for the three months ended September 30, 2025, with interest income of $173,896 and operating costs of $399,677[180]. - For the nine months ended September 30, 2025, the company had a net income of $2,714,017, primarily due to a change in fair value of warrant liabilities of $3,288,000 and interest income of $514,927[183]. - The company incurred total operating and formation costs of $1,088,910 for the nine months ended September 30, 2025[188]. - The company has not generated any operating revenues to date and does not expect to do so until after the completion of the Business Combination[179]. - Management has raised substantial doubt about the Company's ability to continue as a going concern for the next twelve months from the date of the report due to liquidity concerns[201]. Cash and Borrowings - As of September 30, 2025, the company had approximately $16,794,222 in cash held in the Trust Account, including $2,908,834 of interest expense[190]. - As of September 30, 2025, the outstanding balance under the Working Capital Note was $2,594,731, with an additional $149,295 borrowed subsequently[175]. - The total amount borrowed under various promissory notes is $3.5 million, with $2.6 million allocated for working capital and $0.9 million for extensions of the Combination Period[213]. - As of September 30, 2025, outstanding borrowings under the Working Capital Note amounted to $2,445,435, up from $1,798,500 as of December 31, 2024[208]. - The Company has drawn nine installments of $40,000 under a loan agreement, totaling $360,000 deposited into the Trust Account for the year ended September 30, 2025[209]. Business Combination - The company has until February 7, 2026, to complete the Nidar Business Combination, with the option to extend the Combination Period[170]. - The Company has until February 7, 2026, to complete the Nidar Business Combination, or it may seek to extend the Combination Period, which requires shareholder approval[201]. - The Company entered into an agreement with Oppenheimer for advisory services related to the Nidar Business Combination, agreeing to pay a cash fee of $2,000,000 upon consummation[177]. - The Company entered into a forward purchase agreement for up to $30,000,000 in aggregate, but the Cartica Funds decided not to proceed with the purchase, potentially impacting the ability to consummate the business combination[206][207]. Shareholder Activity - Following the Fourth Extension Meeting, shareholders redeemed 420,537 Public Shares for approximately $5.2 million, resulting in a per-share redemption price of about $12.46[172]. - The underwriters received a cash underwriting discount of $0.20 per Unit, totaling $4,600,000, and a deferred fee of $8,050,000, which will be payable only if a business combination is completed[205]. Accounting and Reporting - The Company calculates its earnings per share by allocating net (loss) income pro rata to its Class A and Class B ordinary shares[222]. - The FASB issued ASU 2024-03, effective for fiscal years beginning after December 15, 2026, requiring additional disclosures about specific expense categories[223]. - Management does not believe that recently issued accounting standards will have a material effect on the unaudited condensed financial statements[224]. - The Company is classified as a smaller reporting company and is not required to provide certain market risk disclosures[225]. Warrants and Notes - As of September 30, 2025, there were 27,400,000 warrants issued and outstanding, including 11,500,000 Public warrants classified as Level 1[218]. - The Company issued the Fourth Extension Note for up to $202,214.40, with monthly deposits of $67,404.80 into the Trust Account through October 7, 2025[212]. - The Company incurred and paid $50,000 and $150,000 in fees for administrative support services for the three and nine months ended September 30, 2025, respectively[203].

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 CANTOR EQUITY PARTNERS III, INC. (Exact name of registrant as specified in its charter) Cayman Islands 001-42716 98-1576549 (State or other jurisdictio ...

IPO and Financing - The company completed its Initial Public Offering (IPO) on August 14, 2024, raising $100 million from the sale of 10,000,000 Class A ordinary shares at $10.00 per share[139]. - An additional $3 million was raised through the private placement of 300,000 Class A ordinary shares at the same price to the Sponsor[140]. - The company plans to issue $340.2 million in convertible senior secured notes as part of its financing strategy, with an option to increase this by an additional $100 million[147]. - A private placement of 20,000,000 Class A ordinary shares was agreed upon for $200 million, with some shares purchased using Bitcoin[147]. - On June 19, 2025, the company secured an additional $165 million through the sale of 7,857,143 Class A ordinary shares, also with options for payment in Bitcoin[148]. - The Sponsor has committed to loan up to $1,750,000 to fund expenses related to investigating and selecting a target business[170]. - As of September 30, 2025, the company had approximately $904,000 outstanding under the Sponsor Loan[171]. Business Combination - The company has until August 14, 2026, to complete its Business Combination, or it will liquidate and redeem Public Shares at a price equal to the amount in the Trust Account[142]. - The company entered into a Business Combination Agreement on April 22, 2025, involving multiple parties, including Tether and Bitfinex[145]. - The company has engaged CF&Co. as an advisor for the Business Combination, agreeing to pay a cash fee of $3,500,000 upon consummation[163]. - The company has until August 14, 2026, to consummate the Business Combination, raising substantial doubt about its ability to continue as a going concern if not completed[175]. Financial Performance - As of September 30, 2025, the company had a working capital deficit of approximately $1,762,000, compared to approximately $190,000 as of December 31, 2024[153]. - As of September 30, 2025, the company had net income of approximately $2,056,000, driven by a gain of approximately $1,560,000 from the change in fair value of forward sale securities and approximately $1,132,000 of interest income[158]. - For the nine months ended September 30, 2025, the company reported net income of approximately $3,252,000, consisting of approximately $3,404,000 of interest income and approximately $1,560,000 of gain from the change in fair value of forward sale securities[160]. - The company has not generated any operating revenues to date and will not do so until after the completion of the Business Combination[157]. Compliance and Accounting - The company accounts for Class A ordinary shares subject to possible redemption as temporary equity, with 10,000,000 shares presented as such as of September 30, 2025[179]. - The company complies with ASC 260 for calculating net income per ordinary share, using the two-class method for allocation[180]. - The company excludes accretion associated with redeemable Class A ordinary shares from earnings per share calculations[180]. - The weighted average number of ordinary shares outstanding is used to compute net income applicable to shareholders[180]. - The financial statements include significant accounting policies as outlined in Note 2[181]. - The company does not have any significant off-balance sheet arrangements as defined by Regulation S-K[182]. - The earnings per share calculation does not include the redemption value exceeding fair value for Class A ordinary shares[180]. - The company is not required to provide certain disclosures under Item 303(a)(4)(ii) of Regulation S-K due to its reporting status[183]. Liquidity and Expenses - The company has satisfied its liquidity needs through September 30, 2025, with a $25,000 contribution from the Sponsor and a loan of approximately $287,000 from the Sponsor[154]. - The company expects to incur increased expenses due to being a public company, including legal, financial reporting, and due diligence expenses[157]. - As of September 30, 2025, the company reported no off-balance sheet arrangements or contractual obligations[182].

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 For the transition period from __________to _________ 001-39732 Commission File Number Alset Inc. (Exact name of registrant as specified in its charter) | TEXAS | 83-1079861 | | --- | --- | | Stat ...