The initial investment totaled $105M and was comprised of a $100M investment into a revolving credit facility with the remainder invested in shares of preferred stock of IQHQ.
The initial investment was funded through cash on hand and draws from the company’s revolving credit facility.
The company’s remaining IQHQ commitments total up to $165M of preferred stock, which is expected to be funded in multiple tranches between Q4 2025 and the Q2 2027.
