Boost Run Inc. Class A Common Stock

Boost Run, Inc. has signed a five-year AI cloud services agreement with a leading sovereign AI company carrying a total contract value of $525.6 million, with acceptance of the initial infrastructure expected to begin in early Q2 2027. Under the deal, Boost Run will deliver compute capacity powered by NVIDIA GB300 NVL72 GPUs, along with network storage and CPU node services. The contract brings Boost Run's total contract value to over $2.6 billion, a figure representing total revenue customers have committed to pay over the life of all agreements where the Company's signed contracts have upfront payments. Founder and Chief Executive Officer Andrew Karos said the agreement marks an important step in efficiently deploying the company's financing into contracted revenue and demonstrates the strength and diversification of both its customer base and its GPU fleet. Boost Run said it plans to continue converting its strong pipeline into signed contracts, deploying capacity against contracted demand as the AI compute market continues to expand.

Boost Run, Inc., an NVIDIA Preferred Cloud Partner, announced the completion of its warrant redemption on August 20, 2026, with 99.8% of outstanding warrants exercised for cash, generating approximately $130 million in gross proceeds. Of the 11,470,711 warrants outstanding, 11,447,717 were exercised at $11.50 per share, while the remaining 22,994 were redeemed at $0.01 each. Following the redemption, the company's capital structure now consists solely of Class A and Class B common stock, with no warrants outstanding. CEO Andrew Karos stated that the added cash will support expansion and client service as demand for AI compute accelerates. The warrants have been delisted from Nasdaq, while the Class A common stock continues trading under the symbol "BRUN."

Boost Run, Inc. reported its first earnings as a public company, announcing second quarter 2026 revenue of $31.1 million, a 270% increase from $8.4 million in the prior year period. The company said total long-term contracted revenue stands at $1.9 billion, with over $1 billion in contracts signed during the quarter. Boost Run expects to exit fiscal 2026 with approximately $400 million in annualized recurring revenue and achieve a sustainable net cash flow margin of 15% to 20% in forward periods. The company completed a business combination on May 8, 2026, resulting in $114.1 million in net proceeds, and ended the quarter with $120.2 million in unrestricted cash. Boost Run currently operates six data center locations in the United States, with three additional sites scheduled to come online over the next six months, and has fully committed a $1.44 billion purchase agreement with Dell while processing a strategic procurement of an additional $4 to $5 billion in compute hardware across multiple OEMs.

Boost Run, Inc. has finalized a long-term lease agreement with 10X Capital's infrastructure platform, 10X Infrastructure Partners, for GPU infrastructure capacity across multiple sites. The initial lease covers 20 MW of gross capacity at an existing site, with plans to scale up to 111 MW across two more sites throughout 2027. The initial 20 MW is expected to be delivered in the fourth quarter of 2026. The capacity is being delivered at an existing, fully energized site, allowing Boost Run to bring GPUs online faster than a comparable greenfield build and meet accelerating customer demand for high-performance compute. Andrew Karos, Founder and Chief Executive Officer of Boost Run, said the agreement reflects strong alignment between contracted demand and deployment capacity, and provides strong visibility into recurring revenue as capacity comes online.