Exhibit 99.4

KMMI INC.

Condensed Interim Financial Statements

(Unaudited)

As of September 30, 2025 and for the nine-month Periods ended September 30, 2025 and 2024

Table of Contents

KMMI INC.

Unaudited Condensed Balance Sheets

(in US dollars)

See accompanying notes to the unaudited condensed interim financial statements.

KMMI INC.

Unaudited Condensed Interim Statements of Operations

(in US dollars)

See accompanying notes to the unaudited condensed interim financial statements.

KMMI INC.

Unaudited Condensed Interim Statements of Comprehensive Loss

(in US dollars)

See accompanying notes to the unaudited condensed interim financial statements.

KMMI INC.

Unaudited Condensed Interim Statements of Changes in Stockholders’ Equity

(in US dollars)

See accompanying notes to the unaudited condensed interim financial statements.

KMMI INC.

Unaudited Condensed Interim Statements of Cash Flows

(In US dollars)

See accompanying notes to the unaudited condensed interim financial statements.

KMMI INC.

Notes to the Unaudited Condensed Interim Financial Statements

KMMI INC. (the “Company”), established in 2021, is specialized in the manufacture and sale of NdPR block magnets and magnets for traction motors that are used in aerospace and defense, automobile, energy plant and other various industries. The Company is planning to initiate its operation in April 2026. The Company operates as a single operating segment.

These unaudited condensed interim financial statements have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) assuming the Company will continue as a going concern. The accounting policies applied by the Company in these unaudited condensed interim financial statements are the same as those applied by the Company in its financial statements as of and for the year ended December 31, 2024.

The unaudited condensed interim financial information does not represent complete financial statements and should be read in conjunction with the Company’s latest annual audited financial statements.

These interim results are not necessarily indicative of the results to be expected for the fiscal year ended December 31, 2025, or for any other interim period or for any other future year.

In the opinion of management, these unaudited condensed interim financial statements reflect all adjustments, consisting only of normal recurring adjustments, which are necessary for the fair statement of the Company’s financial information.

The going concern assumption contemplates the realization of assets and satisfaction of liabilities in the normal course of business. However, substantial doubt about the Company’s ability to continue as going concern exists.

Primarily due to the absence of revenue sources and a focus on fixed asset investments as a newly established entity, the Company incurred losses of $919,694 and net cash outflows used in operating activities of $721,907 for the period ended September 30, 2025. At September 30, 2025, the Company had net negative working capital of $80,820 which excludes the cash and cash equivalents of $163,569 and excluding restricted cash of $36,637. Absent any other action, the Company will require additional liquidity to continue its operations over the next 12 months from the date these unaudited condensed interim financial statement were available to be issued and to support its business development objectives, the attainment of which is not assured.

The Company is evaluating strategies to obtain the required additional funding for future operations. These strategies may include, but are not limited to, obtaining equity financing, issuing debt or entering into other financing arrangements, and restructuring of operations to grow revenues and decrease expenses. However, upon the economic environment and the Company’s current capability, the Company may be unable to access future equity or debt financing when needed. As such, there can be no assurance that the Company will be able to obtain additional liquidity when needed or under acceptable terms, if at all.

The financial statements do not include any adjustments to the carrying amounts and classification of assets, liabilities, and reported expenses that may be necessary if the Company were unable to continue as a going concern.

KMMI INC.

Notes to the Unaudited Condensed Interim Financial Statements, Continued

Income Statement (Topic 220) Reporting Comprehensive Income - Expense Disaggregation Disclosures

In November 2024, the FASB issued ASU 2024-03, which becomes effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The standard requires to disclose disaggregated information about certain income statement expense line items. The Company does not expect the standard to have a material effect on its financial statements and has begun evaluating disclosure presentation alternatives.

Income Taxes (Topic 740) - Improvements to Income Tax Disclosures

In December 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures (Topic 740). The ASU requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as additional information on income taxes paid. The ASU is effective on a prospective basis for annual periods beginning after December 15, 2025 for non-public business entities. Early adoption is also permitted for annual financial statements that have not yet been issued or made available for issuance. The Company does not expect the standard to have a material effect on its financial statements.

Financial Instruments (Topic 326) - Measurement of Credit Losses for Accounts Receivable and Contract Assets

In July 2025, the FASB issued ASU 2025-05, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets (“ASU 2025-05”). ASU 2025-05 provides a practical expedient that all entities can use when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under ASC 606, Revenue from Contracts with Customers. Under this practical expedient, an entity is allowed to assume that the current conditions it has applied in determining credit loss allowances for current accounts receivable and current contract assets remain unchanged for the remaining life of those assets. ASU 2025-05 is effective for fiscal years beginning after December 15, 2025, and interim reporting periods in those years. Entities that elect the practical expedient and, if applicable, make the accounting policy election are required to apply the amendments prospectively. The Company does not expect the standard to have a material effect on its financial statements.

The Company has not early adopted any of the forthcoming new or amended accounting standards in preparing these condensed interim financial statements.

The Company manufactures NdPR block magnets and magnets for traction motors that are used in aerospace and defense, automobile, energy plant and other various industries. The Company has been preparing for its operations by purchasing related equipment and machinery since 2021. Revenue from contracts with the customers has not occurred through September 30, 2025 (the end of the reporting period), and the Company is making efforts to secure the market end-user and run its business operations.

KMMI INC.

Notes to the Unaudited Condensed Interim Financial Statements, Continued

Total depreciation for the nine-months ended September 30, 2025 and 2024 was $156,513 and $150,563, respectively, which was recorded in selling, general, and administrative expense in each year.

The Company has an asset retirement obligation (ARO) arising from contractual requirements associated with the retirement of its operating lease for land. This obligation requires the Company to restore the land to its original condition upon termination of the lease. The ARO liability was initially measured at fair value and is subsequently adjusted for accretion expense and changes in the amount or timing of the estimated cash flows. The corresponding asset retirement cost is capitalized as part of the operating lease right-of-use asset and is amortized on a straight-line basis over the lease term. This amortization is included in the lease expense presented in the statements of operations.

The following table presents the activity for the ARO for the period ended September 30, 2025, and September 30, 2024, respectively. This balance is included in the Other non-current liabilities account on the balance sheets:

KMMI INC.

Notes to the Unaudited Condensed Interim Financial Statements, Continued

The Company has operating leases for land and office, and finance leases for certain vehicle and equipment. Operating lease assets and liabilities are included in operating lease right-of-use assets and operating lease liabilities, respectively, on the balance sheets. Finance lease assets and liabilities are included in property, plant and equipment and finance lease liabilities, respectively, on the balance sheets.

Lease agreement for an office space includes a renewal option for up to 10 years, renewable annually under the Commercial Building Lease Protection Act in Korea. Other lease agreements for land include both a purchase option at the agreed price and a renewal option for up to 50 years, renewable every 5 years under the lease contract. The lease term of the lease agreement for the office space was determined considering the renewal period of one year by the renewal option. In case of the lease agreement for land, since the Company is not reasonably certain to exercise these renewal options, the options were not considered in determining the lease term, and associated potential option payments were excluded from lease payments.

The Company’s leases generally do not include termination options for either party to the lease restrictive financial or other covenants. Payments due under the lease contracts include fixed payments and variable payments. For the Company’s land lease, variable payments are determined based on the rate of increase in land price. For the Company’s office equipment lease, variable payments include those for amount of use. For office equipment lease for which the Company has elected not to separate lease and non-lease components, maintenance services are provided by the lessor at a fixed cost and are included in the fixed lease payments for the single, combined lease component.

KMMI INC.

Notes to the Unaudited Condensed Interim Financial Statements, Continued

KMMI INC.

Notes to the Unaudited Condensed Interim Financial Statements, Continued

Details of carrying amounts of long-term debt from individuals as of September 30, 2025 and December 31, 2024 are as follows:

Details of carrying amounts of long-term debt from bank and government agency as of September 30, 2025 and December 31, 2024 are as follows:

KMMI INC.

Notes to the Unaudited Condensed Interim Financial Statements, Continued

We are subject to income taxation through primarily in Republic of Korea, and we do not expect any income tax expenses for the nine-month periods ended September 30, 2025 and 2024, including tax expenses directly recorded in equity.

There were no unrecognized tax benefits as of September 30, 2025 and December 31, 2024.

The Company has 20 million shares of authorized common stock, par value KRW 500 per share issuable. As of September 30, 2025 and December 31, 2024, there were 22,080 shares of common stock outstanding.

Issue of common stock

In July 2021, the Company was established with the issuance of 2,000 ordinary shares at a par value of KRW5,000 each. In June 2022, the Company implemented a 1-for-10 stock split, which increased the number of issued shares from 1,000 to 10,000. Subsequently, the general meeting of shareholders approved the issue of 1,000 and 1,080 shares at a price of KRW500 per share in June and August, 2022, respectively.

Common Stock

Holders of common stock are entitled to one vote per share, and to receive dividends and, upon liquidation or dissolution, are entitled to receive all assets available for distribution to stockholders. The holders have no pre-emptive or other subscription rights, and there is no redemption or sinking fund provisions with respect to such shares.

Accumulated other comprehensive loss

Accumulated other comprehensive loss consists of foreign currency translation adjustments and actuarial loss on defined severance benefits. In case of the actuarial loss on defined severance benefits, it is amortized into net periodic benefits cost on a straight-line basis over the expected average remaining service period of employees.

KMMI INC.

Notes to the Unaudited Condensed Interim Financial Statements, Continued

The Company has not contributed to plan assets at the reporting date. The Company measured defined severance benefits using the most recent mortality tables and mortality improvement scale in selecting mortality assumptions as of September 30, 2025, and 2024.

KMMI INC.

Notes to the Unaudited Condensed Interim Financial Statements, Continued

KMMI INC.

Notes to the Unaudited Condensed Interim Financial Statements, Continued

The list of guarantees provided by third parties to corporations as of September 30, 2025 and December 31, 2024 are as follows:

In accordance with the Korean Capital Markets Act, the Company shall submit a securities report to the Financial Services Commission (FSC) when issuing securities to over 50 investors. Failure to submit a securities report may result in a fine not exceeding 3/100 of the offering price or revenue amount on the securities report (KRW 2 billion if it exceeds KRW 2 billion). Management notes such report was required but not submitted to FSC in 2022 upon issuance of new shares. Management is aware that this legal obligation arising from the past violation would impose the fine upon submission of the past-due report to FSC. Accordingly, the Company has recognized the provision of $34,660 as of September 30, 2025, which is reflected in other current liabilities on the unaudited condensed interim balance sheets.

KMMI INC.

Notes to the Unaudited Condensed Interim Financial Statements, Continued

In March 2022, the Company entered into a loan agreement with ADE METALS INC. for KRW 500 million. Subsequently, in April 2022, a similar loan agreement was executed with JNS INDUSTRY INC. for KRW 100 million. The Chief Executive Officer (CEO) of the Company has ownership interests in both entities: ADE METALS INC. is wholly owned by the CEO, and JNS INDUSTRY INC. is 20% owned by the CEO and 80% owned by the CEO’s immediate family. Both loan agreements carry an interest rate of 4.5%. In July 2025, the Company received full repayment of the short-term loans.

KMMI INC.

Notes to the Unaudited Condensed Interim Financial Statements, Continued

The Company has evaluated subsequent events from the unaudited condensed interim balance sheet date to the date at which the unaudited condensed interim financial statements were available to be issued, and no other events requiring disclosure were identified.