Current Report
Issued Jan 15, 2026§ 01 / Carta Valuations
FMV per Share
$1.27
Income approach, weighted scenario
Enterprise Value
$12.5M
Income approach, weighted
Days Remaining
142
expires Sep 15, 2026
Provider
Carta Valuations
▲ Analysis
Refresh window is comfortable but not loose. You have 142 days before the current report expires. If the Series A closes before then, that closing event will trigger a new 409A — plan for the cost (~$4,500.00) in the round budget. If the round slips past expiration, schedule the refresh proactively to avoid a stale-report risk on grants.
Valuation History
§ 02 / Carta
| Report Date | FMV / Share | Enterprise Value | Cost | Trigger |
|---|---|---|---|---|
| Jan 15, 2026 | $1.27 | $12.5M | $4,500.00 | Annual refresh |
| Jan 12, 2025 | $0.94 | $9.1M | $4,500.00 | Annual refresh |
| Jan 9, 2024 | $0.71 | $6.8M | $4,500.00 | Initial post-incorporation |
Next Refresh
§ 03 / Forecast
Estimated Date
September 15, 2026
Estimated cost · $4,500.00
Triggers
- ·Approaching 12-month expiration
- ·Series A close (if it occurs first)