02/18/2026 | Press release | Distributed by Public on 02/18/2026 11:28
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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Series C Convertible Preferred Stock, par value $0.0001 | (2) | (2) | Common Stock, par value $0.0001 | 95,674 | (2) | I | By BoltRock Holdings LLC(1) |
| Convertible Note | (3) | 02/28/2026 | Common Stock | 833,334 | (3) | I | By BoltRock Holdings LLC(1) |
| Warrant | (4) | 02/28/2030 | Common Stock | 416,667 | $3 | I | By BoltRock Holdings LLC(1) |
| Warrant | (4) | 09/30/2030 | Common stock | 44,445 | $6 | I | By BoltRock Holdings LLC(1) |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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HUFF CRAIG A 6400 S. FIDDLERS GREEN CIR. SUITE 300 GREENWOOD VILLAGE, CO 80111 |
X | X | ||
| /s/ Craig Huff | 02/17/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | The securities are held directly by BoltRock Holdings LLC ("BoltRock"). The reporting person is the managing member of BoltRock. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. |
| (2) | Each share of Series C Convertible Preferred Stock is convertible at any time and from time to time at the option of the holder into 3.3333 shares of common stock, par value $0.0001 per share, of the Issuer. The Series C Convertible Preferred Stock has no expiration date. |
| (3) | At any time while the Convertible Note remains outstanding, the Convertible Note is convertible at the whole, but not part of, outstanding principal plus all accrued and unpaid interest into shares of Common Stock at the conversion rate of $0.4 per share at BoltRock's election or automatically upon certain occurrences relating to the price of Common Stock. The reported amount includes shares of Common Stock issuable upon the conversion of interest that accrues at a rate of 10% per annum, payable in kind. |
| (4) | The Warrant is exercisable at any time by BoltRock prior to its expiration. |
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Remarks: Remarks: All figures reflect the Issuer's 1-for-6 reverse stock split effective August 27, 2025. |
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