Good morning. My name is Bill Haskell, and I am the Chief Executive Officer of Innventure. On behalf of the board of directors and the management of Innventure, I would like to welcome you to the 2026 Annual Meeting of Innventure Stockholders. It is just after 10:00 A.M. Eastern Time, I officially call the meeting to order. This virtual meeting is being conducted through an online platform in accordance with Delaware law and the company's bylaws. Today, we have present members of our board of directors and management team. Also present is Tina Perrino, a representative of Broadridge, who will be assisting in the verification of ballots voted and elected the Inspector of Election. Jason Seifert, a representative of WithumSmith+Brown, PC, the company's independent registered public accounting firm, is also joining us today and will be available later to respond to any appropriate questions. The company has been provided with an affidavit from Broadridge certifying that commencing on April 30, 2026, they mailed a notice of this annual meeting to each stockholder of record of the company as of the close of business on April 20, 2026, the record date for the annual meeting. Such notice also included information regarding the internet availability of proxy materials for this meeting, including the notice of the company's proxy statement and annual report. On the record date, the following shares were outstanding and entitled to vote: 82,094,894 shares of common stock, 35,792 shares of Series B preferred stock, and 159,270 shares of Series C preferred stock. With respect to each matter to be voted on at the annual meeting, each share of common stock is entitled to one vote, each share of Series B preferred stock is entitled to 0.97 votes, each share of Series C preferred stock is entitled to 1.3 votes. The Inspector of Election has reported that we have a quorum present for today's meeting. The polls are now open. If you have already submitted your proxy or voted via telephone or the internet, you do not need to vote today. If you have not yet submitted a proxy and wish to vote or revoke a proxy previously submitted, you may vote via the voting link contained in the access email you received prior to this meeting. All stockholders of record on April 2026 that hold Innventure common stock, Series B preferred stock, and Series C preferred stock are entitled to vote as a single class on all matters to be voted on at the annual meeting. The proposals presented and manner of voting for each proposal are as follows. Proposal 1, the election of each of Bruce Brown, James Donnally, and Catriona Fallon as a Class II director to serve until the 2029 annual meeting of stockholders requires a plurality of the votes. No other director nominees have been properly submitted for consideration at this meeting. Proposal 2, the ratification of the appointment of WithumSmith+Brown, PC as Innventure's independent registered public accounting firm for the fiscal year ending December 31, 2026, requires the affirmative vote of the majority of the votes cast. I now declare the polls closed. No additional ballots, proxies, or votes and no changes or revocation will be accepted. I ask that the Inspector of Election tally the final votes. The Inspector of Election has informed me that based on the preliminary results of the voting, each of Bruce Brown, Jim Donnally, and Catriona Fallon has been elected to serve until the 2029 annual meeting of stockholders. Additionally, the Innventure stockholders have, one, ratified the appointment of WithumSmith+Brown, PC as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. These voting results are preliminary. The final voting results will be set forth in a report of the Inspector of Election and will be filed with the minutes of this meeting. We also report the final voting results on a Form 8-K that we will file with the SEC within four business days. I would like to express my appreciation to the stockholders who attended the meeting as well as those who did not attend and voted by proxy. That concludes the official business of the meeting. The official meeting is now adjourned, and we will turn to questions. Dave Yablunosky, our CFO, Roland Austrup, our Chief Growth Officer, and I will now respond to appropriate questions that were submitted through the meeting platform. Before we begin, I would like to note that responses to questions may include forward-looking statements. Actual results could differ materially from those contemplated by our forward-looking statements. Please take a look at our filings with the SEC for a discussion of the factors that could cause our results to differ. Also note that any forward-looking statements are based on information that is available to us as of today's date, and we disclaim any obligation to update such statements except as required by law. Given that there are no questions submitted, I'd like to thank you all again for attending the annual meeting of stockholders and for your continued support of Innventure. Enjoy the rest of your day. Thank you. That concludes our meeting today. You may now disconnect.