Organization

Prior to the second quarter of 2026, the Company’s operations were substantially comprised of its Platform Operations business and, as such, it operated and reported financial information under single reportable segment. During the second quarter of 2026, following the acquisition of Ryvyl Inc., the Chief Operating Decision Maker (“CODM”) reevaluated the Company’s reportable segments, which resulted in the addition of Fintech Operations as a component of management’s internal financial information used for operational decision making. Accordingly, the Company now operates and reports financial information under two reportable segments: Platform Operations and Fintech Operations. The Platform Operations segment represents the Company’s core business and where management is focusing its strategy and the majority of its resources. The Fintech Operations segment represents the legacy payment processing business that the Company acquired through its merger with Ryvyl Inc., effective May 12, 2026. The Company’s long-term approach to this legacy business will continue to be informed by an ongoing assessment of business applicability to the Platform business, profitability, market conditions, and resource allocation priorities.

Business Operations - Platform

The Platform business unit known as “Roundtable” was developed and operates an Enterprise Media Platform which hosts an exclusive coalition of professionally managed online media channels. The platform integrates distribution, publishing, monetization, community, syndication and DeFi (Decentralized Finance) payments. Roundtable’s operations primarily consist of software development; advertising and sponsorship sales and identifying and signing a group of select “Platform Partners” to operate channels on its platform.

Each channel is operated by an invite only Platform Partner, drawn from major media companies, subject matter experts, reporters, and thought leaders. Platform Partners publish professional content and oversee an online community for their respective channels, leveraging Roundtable’s proprietary, Web3-based, mobile-enabled, video-focused technology platform (the “Platform”), engaging niche audiences within a single coalition.

Platform Partners incur the costs in content creation on their respective channels and receive a share of the revenue associated with their content. Platform Partners continually benefit from Roundtable’s ongoing technological advances, scale, and expertise in search engine optimization, user engagement, ad monetization and content distribution. Additionally, Platform Partners may also save substantial costs on technology, infrastructure, advertising sales, member marketing and management.

Roundtable’s growth strategy includes recruiting additional Platform Partners that management believes will expand the scale of unique users interacting on the RTB technology platform. We believe that with increased scale in unique users, Roundtable will be able to obtain improved advertising terms and grow advertising and sponsorship revenue.

Business Operations - Fintech

The Fintech business unit provides global payment acceptance and disbursement solutions. These solutions enable merchants to accept credit card payments through arrangements with third-party acquiring banks and payment processors.

Through our Bank Identification Number (“BIN”) sponsorship arrangement, we enable businesses to process credit card transactions, providing direct access to global card networks without the need for a traditional banking license. Although this unit is not itself a payment processor, it serves as an intermediary - similar in certain respects to an independent sales organization (“ISO”) - connecting merchants with acquiring partners. However, in contrast to traditional ISOs, the unit performs a broader set of functions that are typically carried out by processors, including:

In addition, we also facilitate equipment servicing or replacement, security verifications, and handle customer support inquiries. Performing these activities enables us to maintain direct control over the merchant experience and support processes. We focus on merchants operating in underserved and, in some cases, higher risk industry verticals, where we believe our operating structure and risk-management capabilities allow us to support customer segments that many acquiring banks and processors may not be able to serve directly.