Stewards (SWRD) discloses $1.1M cash, $10.1M H1 burn, $69M mortgage in investor deck

Stewards, Inc.

Stewards had $1.1M unrestricted cash at June 30, 2026 and used $10.1M cash in operations in H1 2026; related-party commitment for at least $24M over 12 months.
Real Estate Operations posted a $6.4M operating loss for six months ended June 30, 2026; 1818 Park refinanced in July 2026 with $69M senior mortgage and $10M mezzanine.
Private credit platform: 10,000+ SMBs funded and $153M+ cumulative originations since 2020; 1818 Park valued at $158M with ~92% occupancy.
Exploratory on-chain/tokenization initiatives are not operational, may never be implemented; no tokenized interests offered.
Company engaged Lucosky Brookman for potential Nasdaq uplisting, but no assurance of listing; stock trades thinly on OTC under SWRD.

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