THQ is currently trading around $0.10, putting its fully diluted valuation at roughly $100M. The recent performance raises an interesting comparison point: Theoriq raised $78M on the Kaito Launchpad at a $75M FDV, which means early participants who secured allocations are now sitting on approximately 1.33x gains.

This pricing dynamic creates a compelling pattern worth tracking. If projects like Brevis ZK and OpenMind AGI manage to raise capital at similar $75M FDV levels, the arbitrage opportunity between launch pricing and current market valuations becomes increasingly significant for early-stage investors positioning ahead of potential upside.