Our position is clear: the Space team must prioritize the interests of the community and public sale participants above all else. During the most recent X Space, the team publicly committed to enabling refunds via a claim page on January 27. The team also stated that at least 50% of the total capital raised will be refunded, and that all public sale participants will have the option to claim a partial refund. We expect this process to be executed transparently, without delay, and in line with what was publicly communicated. We also expect comprehensive transparency regarding the use of funds, current balances, and the operational roadmap going forward. This level of disclosure is essential to restoring trust and enabling participants to make informed decisions. We would like to reiterate that we are not a lead investor in Space and did not participate in structuring, approving, or modifying the public sale. Our investment was minor, and our involvement has been limited to high-level engagement based on publicly available information. We remain in active discussions with the Space team and other investors and are encouraging the team to refund as much as reasonably possible, consistent with available funds and the commitments they have publicly made. Our priority is ensuring a fair and responsible outcome for public sale participants. The team has also committed to releasing a first public version of the product next week for community and investor review. We expect this release, alongside the refund process, to be delivered in accordance with what has been communicated.