RE:ATM financingDec 10, 2025 - Over the last 18 months, we have issued a number of shares to clean up our balance sheet while aggressively investing in and scaling our beer business. Despite perception, shares have not been used for housekeeping items. At the end of last quarter, Q1FY25, we had over $280M in cash and marketable securities on our balance sheet and we had two consecutive years of being adjusted free cash flow positive. We are using the additional shares as part of our war chest for acquisitions and to pay down convertible debt, as disclosed in the use of proceeds associated with the ATM. Last year, we paid down approximately $315M of our convertible notes, with $110M in cash and $205M using our stock. Our legacy businesses are cash flow positive. We have injected cash into newly acquired businesses as part of the acquisitions to lower costs, manage working capital, optimize facilities, and grow the brands.