September 30, 2024

December 31, 2023

Senior convertible note

$

15,000,000

$

—

Less: unamortized issuance discount

(750,000

)

—

Senior convertible note, net

$

14,250,000

$

—

Subordinated promissory note – related party

$

5,000,000

$

—

Fair value adjustment

281,414

—

Subordinated promissory note – related party, at fair value

$

5,281,414

$

—