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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part III, Line 3</FormAndLineReferenceDesc>
        <ExplanationTxt>With the highly anticipated rules and regulations pertaining to the United States Advanced Air Mobility Program, Kannon Aviation identified a strategic opportunity to redefine its program in support of 14 CFR Part 194 and Special Federal Aviation Regulation 120. This was driven by the mandatory service and maintenance of program assets as outlined by its manufacturers which temporarily suspended Kannon Aviation's ability to further its program. This necessitated the review of carbon neutral and more environmentally-friendly program assets that would comply with pending rules and regulations by the Federal Aviation Authority and State-enforced mandates that will and have already influenced changes in the aviation supply chain.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part VI, Line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>The governing documents, conflict of interest policy, and financial statements were made available upon request.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>