What is EXOZ's conversion of safe note to common shares?

EXOZ (EXOZ) reported conversion of safe note to common shares of $250K in Q4 2024.

What does conversion of safe note to common shares mean?

This non-cash financing activity tracks the conversion of SAFE notes into equity, typically triggered by a qualifying financing event. It indicates the transition of early-stage debt-like instruments into permanent shareholder capital.

EXOZ EXOZ Conversion Of Safe Note To Common Shares

Conversion Of Safe Note To Common Shares at other companies

Virtuix Holdings Inc. VTIX

$1.15M—

Mirum Pharmaceuticals, Inc.MIRM

$0-100%

Gloo Holdings, Inc. GLOO

$34.48M—

Blend LabsBLND

$2.42M—

Serve RoboticsSERV

$0-100%

Red Cat Holdings, Inc.RCAT

$5.06M—

Other financials

Income statement

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Revenue$17.5K—

Operating income-$2.4M-22.4%

Net income-$2.4M-27.7%

EPS (diluted)-$0.28-27.3%

Balance sheet

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Cash & equivalents$1.4M-83.0%

Total debt$1.2M-8.8%

Total equity$1.5M-82.8%

Total assets$4.0M-65.1%

Cash flow

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Operating cash flow-$1.5M-34.5%

CapEx$57.6K+85.5%

Free cash flow-$1.6M-35.8%

Valuation

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Market cap$76.8M-5.6%

Enterprise value$76.57M+1.0%

P/S1,096.1×—

Profitability

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Operating margin-14,489.6%—

Net margin-2,909.1%—

FCF margin-10,117.8%—

Returns & leverage

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Return on equity-185.8%—

Debt / equity0.8×+0.6×

Current ratio1.3×-5.2×

Where this comes from

Reported directly by EXOZ in its filing.

Tagged under the XBRL concept EXOZ:ConversionOfSafeNoteToCommonShares.

The official record: EXOZ’s 10-K, filed March 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is EXOZ's conversion of safe note to common shares?: EXOZ (EXOZ) reported conversion of safe note to common shares of $250K in Q4 2024.
What does conversion of safe note to common shares mean?: This non-cash financing activity tracks the conversion of SAFE notes into equity, typically triggered by a qualifying financing event. It indicates the transition of early-stage debt-like instruments into permanent shareholder capital.