Csquare, Inc. — Form S-1/A

Csquare, Inc. (converted from BIF III US Aggregator LLC on June 15, 2026) is conducting an IPO of 50 million shares at an estimated $23–$27 per share (midpoint $25.00), with underwriters' option for 7.5M additional shares. Net proceeds (~$1.19B at midpoint, before expenses) will repay $921M of debt (Revolving Credit Facility, Promissory Note, Series 2024-1 Variable Funding Notes), $250M toward Series 2020-2 Class A-2 notes, and remainder for general corporate purposes. Post-closing, Brookfield will beneficially own ~67.1% of voting power, making Csquare a controlled company exempt from certain NYSE governance rules.