VIDA Global Inc.

Previous wording

On May 18, 2026, we completed our initial public offering (the “IPO”) in which we issued and sold 3,750,000 shares of our Class A common stock at a public offering price of $4.00 per share, which resulted in net proceeds of approximately $12.5 million after deducting underwriting discounts and commissions and offering expenses payable by us. On May 27, 2026, we issued and sold an additional 312,500 shares of our Class A common stock at a public offering price of $4.00 per share pursuant to the underwriter’s partial exercise of its over-allotment option granted in connection with the IPO. This resulted in additional net proceeds of approximately $1.2 million after deducting underwriting discounts and commissions and offering expenses payable by us.

Current wording

On May 18, 2026, we completed our initial public offering (the “IPO”) in which we issued and sold 3,750,000 shares of our Class A common stock at a public offering price of $4.00 per share, which resulted in net proceeds of approximately $12.7 million after deducting underwriting discounts and commissions and offering expenses payable by us. On May 27, 2026, we issued and sold an additional 312,500 shares of our Class A common stock at a public offering price of $4.00 per share pursuant to the underwriter’s partial exercise of its over-allotment option granted in connection with the IPO. This resulted in additional net proceeds of approximately $1.1 million after deducting underwriting discounts and commissions and offering expenses payable by us.

Previous wording

Revenue increased by approximately $270,400 to approximately $306,000 for the three months ended March 31, 2026 from approximately $35,700 for the three months ended March 31, 2025. The increase was primarily driven by growth in subscription and usage-based fees as partner and enterprise customer adoption of our AI Agent OS increased during the period.

Current wording

Revenue increased by approximately $251,000 to approximately $324,000 for the three months ended June 30, 2026 from approximately $73,000 for the three months ended June 30, 2025. The increase was primarily driven by growth in subscription and usage-based fees as partner and enterprise customer adoption of our AI Agent OS increased during the period.

Previous wording

Cost of revenue increased by approximately $70,600 to approximately $146,500 for the three months ended March 31, 2026 from approximately $75,900 for the three months ended March 31, 2025. This increase was primarily attributable to higher software, hosting, cloud infrastructure, data, network services and other technology costs required to support the growth in customer usage of our platform.

Current wording

Cost of revenue increased by approximately $83,000 to approximately $166,000 for the three months ended June 30, 2026 from approximately $84,000 for the three months ended June 30, 2025. This increase was primarily attributable to higher software, hosting, cloud infrastructure, data, network services and other technology costs required to support the growth in customer usage of our platform.

Previous wording

General and administrative expenses increased by approximately $496,500 to approximately $631,100 for the three months ended March 31, 2026, compared to approximately $134,600 for the three months ended March 31, 2025, primarily due to an increase in legal and accounting services of approximately $143,000, an increase in salaries and employee benefits of approximately $191,900 and an increase in contract labor of approximately $42,000. This increase was primarily attributable to the Company scaling and expanding its operations.

Current wording

General and administrative expenses increased by approximately $788,000 to approximately $846,000 for the three months ended June 30, 2026, compared to approximately $58,000 for the three months ended June 30, 2025, primarily due to an increase in legal and accounting services of approximately $277,000, an increase in salaries of approximately $286,000, increase in stock compensation of approximately $81,000, an increase in contract labor of approximately $95,000, an increase in office expenses of approximately $49,000. These increases were primarily attributable to the Company scaling and expanding its operations.

Previous wording

Sales and marketing expenses increased by approximately $120,500 to approximately $231,200 for the three months ended March 31, 2026, compared to approximately $110,700 for the three months ended March 31, 2025, primarily due to an increase in advertising and marketing fees incurred of approximately $44,000 and an increase in salaries and employee benefits of approximately $79,600. This increase was primarily due to the Company working towards expanding its brand awareness and customer adoption.

Current wording

Sales and marketing expenses increased by approximately $445,000 to approximately $587,000 for the three months ended June 30, 2026, compared to approximately $141,000 for the three months ended June 30, 2025, primarily due to an increase in advertising and marketing fees incurred of approximately $130,000, an increase in salaries and employee benefits of approximately $163,000, increase in public relation expenses of approximately $130,000 and other expenses increase of approximately $10,000. These increases were primarily due to the Company working towards expanding its brand awareness and customer adoption.

Previous wording

Other expenses for the three months ended March 31, 2026, resulted in other expense of approximately $225,400, an increase of approximately $110,000 compared to approximately $115,300 of other expense for the three months ended March 31, 2025, due to an increase in unrealized loss on bitcoin.

Current wording

Other expense (income) for the six months ended June 30, 2026, resulted in other expense of approximately $325,000, an increase of approximately $470,000 compared to approximately $145,000 of other income for the six months ended June 30, 2025 driven by an unrealized loss on bitcoin in the current period compared to an unrealized and realized gain in the prior period.

Previous wording

Our current liabilities are limited and primarily consist of accounts payable, credit card payable, and deferred revenue. We have no outstanding debt for borrowed money.

Current wording

Our current liabilities are limited and primarily consist of accounts payable, accrued expenses, credit card payable, and deferred revenue. We have no outstanding debt for borrowed money.

Previous wording

We expect to continue to incur operating losses and use cash in operations as we invest in growth. We believe our existing cash and bitcoin holdings, together with the net proceeds from our IPO in May 2026, will provide us with additional resources to fund operations and planned investments. We believe it is probable that we will be able to meet our obligations as they become due for at least the next twelve months after the date the condensed financial statements included in this Quarterly Report on Form 10-Q are issued. However, our future capital requirements will depend on many factors, including the pace of revenue growth, the timing and extent of investment in product development and go-to-market initiatives, and our ability to manage third-party platform costs.

Current wording

We expect to continue to incur operating losses and use cash in operations as we invest in growth. We believe our existing cash and bitcoin holdings will provide us with resources to fund operations and planned investments. We believe it is probable that we will be able to meet our obligations as they become due for at least the next twelve months after the date the condensed financial statements included in this Quarterly Report on Form 10-Q are issued. However, our future capital requirements will depend on many factors, including the pace of revenue growth, the timing and extent of investment in product development and go-to-market initiatives, and our ability to manage third-party platform costs.

Previous wording

The following table presents the major components of net cash flows used in operating, investing, and financing activities, for the three months ended March 31, 2026 and 2025, respectively.

Current wording

The following table presents the major components of net cash flows used in operating, investing, and financing activities, for the six months ended June 30, 2026 and 2025, respectively.

Previous wording

During the first three months of 2026, the net cash outflow from operating activities was approximately $777,800. This amount was comprised primarily of our net loss of approximately $1,112,200, and by an increase in prepaid expenses and other assets of approximately $236,800; offset primarily by amortization and depreciation of approximately $184,100, an unrealized loss on bitcoin of approximately $225,400, and an increase in accounts payable and credit card payable of approximately $18,300.

Current wording

During the first six months of 2026, the net cash outflow from operating activities was approximately $1,497,700. This amount was comprised primarily of our net loss of approximately $2,681,000; offset primarily by amortization and depreciation of approximately $377,700, an unrealized loss on bitcoin of approximately $323,800, stock-based compensation from restricted stock awards of approximately $241,700 and an increase in accrued expenses of approximately $307,000.

Previous wording

During the first three months of 2025, we had net cash used in operating activities of approximately $194,000. The cash used in operating activities was composed primarily of our net loss of approximately $522,000, offset primarily by amortization and depreciation of approximately $121,200, the unrealized loss on bitcoin of approximately $115,300, and stock-based compensation from restricted stock awards of approximately $52,900.

Current wording

During the first six months of 2025, we had net cash used in operating activities of approximately $318,500. The cash used in operating activities was composed primarily of our net loss of approximately $593,000, realized gain on bitcoin of approximately $79,000, and the unrealized gain on bitcoin of approximately $66,100, offset primarily by amortization and depreciation of approximately $242,900, and stock-based compensation from restricted stock awards of approximately $120,800.

Previous wording

We did not have any cash flows from financing activities during the three months ended March 31, 2026 and 2025.

Current wording

During the six months ended June 30, 2026, all cash flows from financing activities was related to proceeds from issuance of common stock in relation to IPO. We did not have any cash flows from financing activities during the six months ended June 30, 2025.

Previous wording

In the normal course of business, the Company enters into noncancelable contracts with certain vendors for services such as cloud hosting, software subscriptions and support. As of March 31, 2026, future minimum noncancelable purchase commitments under three software agreements was $57,912 due within one year.

Current wording

In the normal course of business, the Company enters into noncancelable contracts with certain vendors for services such as cloud hosting, software subscriptions and support. As of June 30, 2026, future minimum noncancelable purchase commitments under four software agreements was $83,703 due within one year.

Previous wording

There have been no significant changes in our critical accounting policies and estimates during the three months ending March 31, 2026 as compared with those previously disclosed in the Prospectus.

Current wording

There have been no significant changes in our critical accounting policies and estimates during the six months ending June 30, 2026 as compared with those previously disclosed in the Prospectus.