| Noncontrolling Interest As of June 30, 2026, the Company holds 33,736 Class A Units in Opco and the existing direct and certain indirect equity holders of Omni (“Omni Holders”) hold 6,568 units of Opco designated as Class B Units (“Opco Class B Units”) and 6,568 corresponding Company Series B Preferred Units which together are exchangeable into 6,568 shares of common stock of the Company.
The following tables provide the exchange activity of the Opco Class B Units and the corresponding fully-diluted noncontrolling interest ownership percentage in the Company based on such exchange activity.
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Opco Class B Units |
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Fully-diluted Ownership |
| Outstanding units at December 31, 2025 |
8,760 |
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22.0 |
% |
| Exchanged into shares of common stock |
(133) |
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| Outstanding units at March 31, 2026 |
8,627 |
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21.5 |
% |
| Exchanged into shares of common stock |
(2,059) |
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| Outstanding units at June 30, 2026 |
6,568 |
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16.4 |
% |
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Opco Class B Units |
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Fully-diluted Ownership |
| Outstanding units at December 31, 2024 |
10,088 |
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25.3 |
% |
| Exchanged into shares of common stock |
(585) |
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| Outstanding units at March 31, 2025 |
9,503 |
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23.8 |
% |
| Exchanged into shares of common stock |
(80) |
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| Outstanding units at June 30, 2025 |
9,423 |
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23.5 |
% |
As of June 30, 2026, there have been a total of 5,537 Opco Class B Units and corresponding Company Series B Preferred Units exchanged for 5,537 shares of common stock, and such actual exchanges and subsequent issuances represented 16.4% of the outstanding shares of common stock as of the end of such period.
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