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Blue Gold Limited (Nasdaq: BGL) plans 32.2M-share resale as Nasdaq flags listing deficiencies

(Neutral)
(Neutral)
Form Type
424B3

Rhea-AI Filing Summary

Blue Gold Limited is updating its prospectus for a secondary offering covering up to 32,157,957 Class A ordinary shares that may be resold from time to time by Tumim Stone Capital LLC under an Ordinary Share Purchase Agreement. These shares, called VWAP Purchase Shares, correspond to up to $73.0 million of potential share purchases by Tumim; Blue Gold will not receive proceeds from Tumim’s resale of the shares, though it may receive cash when it sells shares to Tumim under the agreement.

The Ordinary Share SPA allows Blue Gold, at its option, to issue shares based on a discount to the Class A share VWAP, subject to volume and dollar caps that can reach up to $2,000,000 for one-day and $3,000,000 for three-day VWAP periods. The company has already issued 69,419 commitment shares and a further 2,245,713 shares under the SPA. Blue Gold’s Class A shares trade on Nasdaq as “BGL” and closed at $0.21 on July 29, 2026; the price has ranged between $0.20 and $133.00 since listing.

Nasdaq has notified Blue Gold that its shares no longer meet the $1.00 minimum bid price and $50 million Market Value of Listed Securities requirements. The company has until December 28, 2026 to regain compliance, potentially using measures including a reverse stock split, while its securities continue to trade on Nasdaq during the grace period.

Positive

  • None.

Negative

  • Nasdaq bid-price deficiency: Blue Gold’s Class A shares traded below the $1.00 minimum bid for 30 consecutive business days, triggering a noncompliance notice and putting its Nasdaq Global Market listing at risk if not remedied by December 28, 2026.
  • Nasdaq MVLS deficiency: The Market Value of Listed Securities for Blue Gold’s Class A shares stayed below the $50 million requirement for 30 consecutive business days, prompting a separate Nasdaq deficiency letter and adding another continued-listing hurdle.
  • Extreme share-price volatility at low levels: Since June 26, 2025, the Class A share price has swung between $0.20 and $133.00, with the most recent close at $0.21, indicating significant volatility without corresponding disclosed changes in financial condition.
Shares registered for resale 32,157,957 Class A ordinary shares VWAP Purchase Shares issuable under the Ordinary Share SPA for resale by Tumim Stone Capital LLC
Aggregate purchase price under SPA $73.0 million Maximum aggregate purchase price for VWAP Purchase Shares issuable to the Selling Shareholder
SPA capacity $75 million Maximum aggregate principal amount of Class A ordinary shares the company may sell under the Ordinary Share SPA
Commitment shares issued 69,419 Class A ordinary shares Shares issued on September 3, 2025 as consideration for entering the Ordinary Share SPA
Additional SPA shares issued 2,245,713 Class A ordinary shares Shares issued under the Ordinary Share SPA after the commitment shares and before this supplement
Recent Class A share price $0.21 per share Closing price on July 29, 2026 on The Nasdaq Global Market
Nasdaq bid-price requirement $1.00 per share Minimum closing bid price per share required for continued listing on Nasdaq Global Market
Nasdaq MVLS requirement $50 million Minimum Market Value of Listed Securities required over 30 consecutive business days
VWAP Purchase Shares financial
"This Registration Statement ... relates to the offer and resale from time to time of up to 32,157,957 Class A ordinary shares issuable ... (the “VWAP Purchase Shares”)"
volume-weighted average price financial
"at a price per share equal to 0.97 multiplied by the lowest daily volume-weighted average price (VWAP) of the Class A ordinary shares"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
Market Value of Listed Securities financial
"the Market Value of Listed Securities (the “MVLS”) of the Company’s Class A ordinary shares has been below the $50 million minimum requirement"
The market value of listed securities is the total worth of stocks, bonds and other tradable instruments quoted on an exchange, measured using the prices investors are willing to pay right now. It’s calculated by multiplying each security’s current market price by the number of units outstanding and adding those amounts together, like totaling the value of every item in a store at today’s prices. Investors watch this because it shows the size, liquidity and overall health of the market or a company’s publicly traded portion, and it influences index weights, fund allocations and perceived risk.
emerging growth company regulatory
"We are an “emerging growth company” as defined under federal securities laws and, as such, have elected to comply with certain reduced public company reporting requirements"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
foreign private issuer regulatory
"We are a “foreign private issuer” as defined under the U.S. federal securities laws and, as such, may elect to comply with certain reduced public company disclosure"
A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.
reverse stock split financial
"including by effecting a reverse stock split, if necessary"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
Offering Type secondary
Use of Proceeds The company will not receive proceeds from the Selling Shareholder’s resale of the registered shares; it may receive proceeds when issuing shares to Tumim Stone Capital LLC under the Ordinary Share SPA.

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FAQ

What does Blue Gold Limited (BGL) register in this prospectus supplement?

Blue Gold registers the offer and resale of up to 32,157,957 Class A ordinary shares issuable under its Ordinary Share Purchase Agreement with Tumim Stone Capital LLC, tied to a potential aggregate purchase price of up to $73.0 million.

Does Blue Gold Limited (BGL) receive cash from the resale of the 32,157,957 shares?

Blue Gold will not receive proceeds from the Selling Shareholder’s resale of the 32,157,957 shares. It may receive cash when it issues shares to Tumim under the Ordinary Share Purchase Agreement, but resale proceeds go to Tumim.

What are the key terms of Blue Gold’s (BGL) Ordinary Share Purchase Agreement?

The agreement allows Blue Gold to sell up to $75 million in Class A shares to Tumim, generally priced at a discount to VWAP, subject to daily volume-based share limits and dollar caps of up to $2,000,000 or $3,000,000 per VWAP purchase.

Why did Nasdaq send deficiency letters to Blue Gold Limited (BGL)?

Nasdaq found Blue Gold’s Class A shares failed the $1.00 minimum bid price and $50 million Market Value of Listed Securities standards for 30 consecutive business days, prompting noncompliance notices under Nasdaq Listing Rules 5550(a)(2) and 5550(b)(2).

How long does Blue Gold Limited (BGL) have to regain Nasdaq compliance?

Blue Gold has 180 calendar days, until December 28, 2026, to meet the bid price and MVLS requirements over at least 10 consecutive business days. It may qualify for an additional 180-day period if other listing standards are met.

What is the recent trading performance of Blue Gold Limited (BGL) shares and warrants?

From June 26, 2025 to July 29, 2026, BGL’s Class A share price ranged from $0.20 to $133.00, with volumes from 30,900 to 29,059,500 shares. Warrants traded between $0.04 and $0.75, with volumes up to 1,803,071.

Is Blue Gold Limited (BGL) still listed on Nasdaq despite the deficiency letters?

Yes. The Nasdaq notifications have no immediate effect on listing, and Blue Gold’s Class A shares and warrants continue trading while the company works within the allowed compliance periods to address the deficiencies.

 

PROSPECTUS SUPPLEMENT NO. 1

(to Prospectus dated May 29, 2026)

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-290527

 

 

Secondary offering of up to 32,157,957 Class A ordinary shares offered by the Selling Shareholder

 

This Prospectus Supplement updates, amends and supplements the prospectus dated May 29, 2026 (the “Original Prospectus”), contained in our Registration Statement on Form F-1, effective as of May 29, 2026 (Registration No. 333-290527) (the “Registration Statement”), relating to the offering of up to 32,157,957 Class A ordinary shares issuable pursuant to the Ordinary Share SPA for up to an aggregate purchase price of up to $73.0 million by the Selling Shareholder (each as defined below).

 

The Selling Shareholder may, from time to time, sell the Class A ordinary shares offered by them described in the Original Prospectus. We will not receive any proceeds from the sale of Class A ordinary shares by the Selling Shareholder. We will bear all costs, expenses and fees in connection with the registration of the Selling Shareholder’s Class A ordinary shares. The Selling Shareholder will pay any underwriting discounts and commissions and expenses incurred by the Selling Shareholder for brokerage, accounting, tax or legal services or any other expenses incurred by the Selling Shareholder in disposing of their Class A ordinary shares.

 

On November 24, 2025, the parties amended the Ordinary Share SPA, to provide that at the Company’s option, the Company may sell the VWAP Purchase Shares either (i) at a price per share equal to (x) 0.95, multiplied by (y) the lower of (A) the Closing Sale Price on the applicable Trading Day and (B) the VWAP on the applicable Trading Day during a one (1)- day VWAP Purchase Valuation Period (as defined in the Ordinary Share SPA) or (ii) at a price per share equal to (x) 0.97, multiplied by (y) the lowest VWAP of the Class A ordinary shares during a three (3)- day VWAP Purchase Valuation Period.

 

Additionally, the VWAP Purchase Maximum Amount (as defined in the Ordinary Shares SPA) was amended to provide that the Company’s right to direct the Selling Shareholder to purchase Class A ordinary shares under the Ordinary Share SPA shall be limited to the amount of shares equal to the lower of: (i) the product (rounded up or down to the nearest whole number) obtained by multiplying (A) the daily trading volume in the Class A ordinary shares on the Trading Market (or Eligible Market, as applicable) on the applicable VWAP Purchase Exercise Date for such VWAP Purchase by (B) 0.20; and (ii) the quotient obtained by dividing (A) $2,000,000, by (B) the VWAP on the VWAP Purchase Exercise Date, and (b) respect to a VWAP Purchase made pursuant to Section 3.1 where the VWAP Purchase Valuation Period consists of three (3) Trading Days, such number of Class A ordinary shares equal to the lower of (i) the product (rounded up or down to the nearest whole number) obtained by multiplying (A) the daily trading volume in the Class A ordinary shares on the Trading Market (or Eligible Market, as applicable) on the applicable VWAP Purchase Exercise Date for such VWAP Purchase by (B) 0.40; and (ii) the quotient obtained by dividing (A) $3,000,000, by (B) the VWAP on the VWAP Purchase Exercise Date (in each case to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction during the applicable period); provided however, that the Selling Shareholder may waive this limit if Form F-3 is being used to register the Registrable Securities (as defined in the Registration Rights Agreement). All capitalized terms not defined in this paragraph shall have the meanings ascribed to them in the Ordinary Share SPA, as amended.

 

 

 

 

On August 29, 2025, Blue Gold Limited (the “Company”) entered into an Ordinary Share Purchase Agreement with Tumim Stone Capital LLC (the “Ordinary Share SPA”), pursuant to which the Company may, at its option, issue and sell up to an aggregate principal amount of $75 million in Class A ordinary shares, subject to certain conditions. In consideration for entering into the Ordinary Share SPA, on September 3, 2025, the Company issued 69,419 Class A ordinary shares (the “Commitment Shares”). Since such date and up to the date of this Prospectus Supplement, the Company has issued an additional 2,245,713 Class A ordinary shares pursuant to the Ordinary Share SPA. The Class A ordinary shares may be sold and issued by the Company at a price per share equal to 0.97 multiplied by the lowest daily volume-weighted average price (VWAP) of the Class A ordinary shares during the applicable VWAP Purchase Valuation Period (as defined in the Ordinary Share SPA), provided that the parties to the Ordinary Share SPA may mutually agree to a different price if a Form F-3 is being used to register the VWAP Purchase Shares (as defined below). Tumim Stone Capital LLC is referred to herein as the “Selling Shareholder.”

 

This Registration Statement and the related Original Prospectus and this Prospectus Supplement relates to the offer and resale from time to time of up to 32,157,957 Class A ordinary shares issuable pursuant to the Ordinary Share SPA (the “VWAP Purchase Shares”) for up to an aggregate purchase price of up to $73.0 million by the Selling Shareholder.

  

Our Class A ordinary shares are listed on The Nasdaq Global Market under the symbol “BGL” and our warrants are listed on The Nasdaq Capital Market under the symbol “BGLWW.” On July 29, 2026 the closing price of our Class A ordinary shares was $0.21 per share and the closing price of our warrants was $0.05. Our securities have recently experienced extreme volatility in price and trading volume. From June 26, 2025, the first day of trading, to July 29, 2026, the closing price of our Class A ordinary shares ranged from as low as $0.20 to as high as $133.00 and daily trading volume ranged from 30,900 to 29,059,500 Class A ordinary shares. Likewise, during the same period, the closing price of our warrants ranged from as low as $0.04 to as high as $0.75 and daily trading volume ranged from 0 to 1,803,071 warrants. During this time, we have not experienced any material changes in our financial condition or results of operations that would explain such price volatility or trading volume. See “Risk Factors —  Risks Related to the Ownership of Our Securities  — The price of the Blue Gold Limited Class A ordinary shares may fluctuate significantly, which could negatively affect Blue Gold Limited and holders of its Class A ordinary shares.”

 

This Prospectus Supplement should be read in conjunction with the Original Prospectus and the Registration Statement, and is qualified by reference to the Original Prospectus and the Registration Statement, except to the extent that the information presented herein supersedes the information contained in the Original Prospectus or the Registration Statement. This Prospectus Supplement is not complete without, and may only be delivered or used in connection with, the Original Prospectus, including any amendments or supplements thereto. We may amend or supplement this Prospectus Supplement from time to time by filing amendments or supplements as required. You should read this entire Prospectus Supplement and Original Prospectus and any amendments or supplements carefully before you make your investment decision.

 

We are an “emerging growth company” as defined under federal securities laws and, as such, have elected to comply with certain reduced public company reporting requirements. See “Prospectus Summary - Emerging Growth Company.”

 

We are a “foreign private issuer” as defined under the U.S. federal securities laws and, as such, may elect to comply with certain reduced public company disclosure and reporting requirements. See “Prospectus Summary - Foreign Private Issuer.”

 

Investing in our Class A ordinary shares involves risks that are described in the “Risk Factors” section beginning on page 9 of the Original Prospectus.

 

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the securities being offered by this Prospectus Supplement, or determined if this Prospectus Supplement is truthful or complete. Any representation to the contrary is a criminal offense.

 

The date of this Prospectus Supplement is August 5, 2026

 

 

 

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2026

 

Commission File Number 001-42717

 

Blue Gold Limited
(Translation of registrant’s name into English)

 

94 Solaris Avenue
Camana Bay
PO Box 1348
Grand Cayman KY1-1108
Cayman Islands
(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒            Form 40-F ☐

 

 

 

 

 

INFORMATION CONTAINED IN THIS REPORT

 

Notification of Nasdaq Listing Deficiencies

 

On July 1, 2026, Blue Gold Limited (the “Company”) received a formal notification from Nasdaq stating that, based on the closing bid price of the Company’s class A ordinary shares of par value US$0.0001 per share (the “Class A ordinary shares”), for the last 30 consecutive business days, the Company’s Class A ordinary shares no longer comply with the minimum bid price requirement of $1.00 per share for continued listing on the Nasdaq Global Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Requirement”).

 

In addition, also on July 1, 2026, the Company received a separate formal deficiency letter from Nasdaq stating that the Market Value of Listed Securities (the “MVLS”) of the Company’s Class A ordinary shares has been below the $50 million minimum requirement for the preceding 30 consecutive business days, and that the Company therefore no longer meets the minimum MVLS requirement for continued listing on the Nasdaq Global Market, as set forth in Nasdaq Listing Rule 5550(b)(2) (the “MVLS Requirement”).

 

On July 8, 2026, the Company issued a press release announcing that the Company received a written notification from Nasdaq of the noncompliance with the Bid Price Requirement and a deficiency letter relating to the MVLS Requirement.

 

The notification and the deficiency letter have no immediate effect on the listing or trading of the Company’s Class A ordinary shares and the Company’s public warrants, which continue to be listed and to trade on Nasdaq. In accordance with Nasdaq Listing Rules, the Company was afforded a compliance period of 180 calendar days from the date of each notification, or until December 28, 2026 with respect to the Bid Price Requirement and the MVLS Requirement, to regain compliance.

 

To regain compliance with the Bid Price Requirement, the closing bid price of the Company’s Class A ordinary shares must be at least $1.00 per share for a minimum of 10 consecutive business days during the applicable compliance period. To regain compliance with the MVLS Requirement, the Company’s MVLS must close at $50 million or more for a minimum of 10 consecutive business days during the applicable compliance period.

 

In the event the Company does not regain compliance by December 28, 2026, the Company may be eligible for an additional 180 calendar day grace period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, with the exception of the Bid Price Requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, including by effecting a reverse stock split, if necessary. If the Company chooses to implement a reverse stock split, it must complete the split no later than ten (10) business days prior to December 28, 2026, or the expiration of the second compliance period if granted.  

 

A copy of the press release is furnished as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K and is incorporated herein by reference.

 

Forward-Looking Statements

 

This Report of Foreign Private Issuer on Form 6-K contains forward-looking statements that involve risks and uncertainties, including those detailed in the Company’s periodic reports and other filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on forward-looking statements, which are based on the Company’s current expectations and assumptions and speak only as of the date of this Report of Foreign Private Issuer on Form 6-K. The Company does not intend to revise or update any forward-looking statement contained in this Report of Foreign Private Issuer on Form 6-K as a result of new information, future events or otherwise, except as required by law.

 

EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release, dated July 8, 2026

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: July 8, 2026

 

BLUE GOLD LIMITED  
     
By:  /s/ Andrew Cavaghan  
  Andrew Cavaghan  
  Chief Executive Officer  

 

2

 

 

Exhibit 99.1

 

 

Blue Gold Receives Nasdaq Deficiency Letters and Confirms Commitment to Maintaining Nasdaq Listing

 

NEW YORK, NY, July 8, 2026 /PRNewswire/ — Blue Gold Limited (Nasdaq: BGL) (Nasdaq: BGLWW) (“Blue Gold” or the “Company”), a gold mining company with the infrastructure to deliver gold from mine-to-wallet, today announced that it has received notification from Nasdaq regarding compliance with certain continued listing requirements on the Nasdaq Global Market.

 

Nasdaq Notifications

 

On July 1, 2026, the Company received a written notification from Nasdaq stating that, based on the closing bid price of the Company’s Class A ordinary shares, par value US$0.0001 per share (the “Class A Ordinary Shares”), for the last 30 consecutive business days, the Company’s Class A Ordinary Shares no longer comply with the minimum bid price requirement of $1.00 per share for continued listing on Nasdaq, as set forth in Nasdaq Listing Rule 5450(a)(1) (the “Bid Price Requirement”).

 

In addition, on July 1, 2026, the Company received a separate written notification from Nasdaq stating that the Market Value of Listed Securities (the “MVLS”) of the Company’s Class A Ordinary Shares has been below the $50 million minimum requirement for the preceding 30 consecutive business days, and that the Company therefore no longer meets the minimum MVLS requirement for continued listing on Nasdaq, as set forth in Nasdaq Listing Rule 5450(b)(2) (the “MVLS Requirement”).

 

The notifications have no immediate effect on the listing or trading of the Company’s Class A Ordinary Shares or warrants, which continue to be listed and to trade on Nasdaq. In accordance with Nasdaq Listing Rules, the Company has a period of 180 calendar days from the date of each notification, or until December 28, 2026, to regain compliance with the Bid Price Requirement and the MVLS Requirement.

 

To regain compliance with the Bid Price Requirement, the closing bid price of the Company’s Class A Ordinary Shares must be at least $1.00 per share for a minimum of 10 consecutive business days during the applicable compliance period. To regain compliance with the MVLS Requirement, the Company’s MVLS must close at $50 million or more for a minimum of 10 consecutive business days during the applicable compliance period.

 

 

 

 

“We are taking steps that position the Company for long-term success as a publicly listed company. Our Nasdaq listing provides an important platform from which to execute our strategy, and we remain committed to maintaining our listing while continuing to build long-term value for our shareholders,” said Andrew Cavaghan, CEO of Blue Gold.

 

About Blue Gold Limited

 

Blue Gold Limited (Nasdaq: BGL) (Nasdaq: BGLWW) is a gold mining company with the infrastructure to deliver gold from mine-to-wallet. The Company’s mission is to explore, develop and operate high-quality mining projects while leveraging modern technologies to sell the gold directly to end customers in tokenized form. Blue Gold prioritizes growth, sustainable development, and transparency in all its business practices. We believe that our commitment to responsible mining will enable us to create value for our shareholders while minimizing our environmental footprint.

 

Forward-Looking Statements

 

This press release includes "forward-looking statements" within the meaning of the safe harbor for forward-looking statements provided by Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on these forward-looking statements, which are current only as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Important factors that could cause actual results to differ materially from those discussed or implied in the forward-looking statements include, but are not limited to: general economic or political conditions; negative economic conditions that could impact Blue Gold Limited and the gold industry in general; reduction in demand for Blue Gold Limited's products; changes in the markets that Blue Gold Limited targets; and any change in laws applicable to Blue Gold Limited or any regulatory or judicial interpretation. As a result, we cannot assure you that the forward-looking statements included in this press release will prove to be accurate or correct. These and other important factors and risks are discussed in Blue Gold Limited’s annual report on Form 20-F, filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 29, 2026, and other filings with the SEC. In light of these risks, uncertainties, and assumptions, the future performance or events described in the forward-looking statements in this press release might not occur. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results, and we do not assume any responsibility for the accuracy or completeness of any of these forward-looking statements. Except as required by applicable law, we do not undertake any obligation to, and will not, update any forward-looking statements, whether as a result of new information, future events, or otherwise. For more information regarding Blue Gold Limited, please visit https://bluegoldltd.com.

 

No Offer or Solicitation

 

This press release shall not constitute a solicitation of a proxy, consent, or authorization with respect to any securities. This press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities.

 

For Further Information Contact:
Dave Gentry

RedChip Companies, Inc.

1-800-REDCHIP (733-2447)

1-407-644-4256

BGL@redchip.com

 

 

 

 

 

 

 

 

Secondary offering of up to 32,157,957 Class A ordinary shares offered by the Selling Shareholder

 

 

 

Prospectus Supplement

 

 

August 5, 2026