:root{--green:#0D2B25;--paper:#F1EEE4;--sage:#B9C3AD;--ochre:#AD7944;--ink:#23352F;--muted:#64756B;--rule:rgba(13,43,37,.2);--serif:'Source Serif 4',Georgia,serif;--sans:Inter,Arial,sans-serif}
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.toolbar{height:64px;position:fixed;bottom:0;left:0;right:0;background:#081D18;border-top:1px solid rgba(241,238,228,.13);color:var(--paper);display:flex;align-items:center;padding:0 24px;gap:9px;z-index:10}.toolbar button{border:1px solid rgba(241,238,228,.15);background:transparent;color:var(--paper);height:35px;padding:0 12px;font-size:11px;border-radius:2px}.toolbar button:hover{background:rgba(241,238,228,.1)}.toolbar button:disabled{opacity:.3;cursor:default}.review-label{font-size:10px;color:var(--sage);margin-right:auto}.slide-actions{display:flex;gap:7px;margin-right:19px}.slide-actions button{border-color:var(--ochre)}#counter{font-size:11px;color:var(--sage);min-width:55px;text-align:center;font-variant-numeric:tabular-nums}dialog{border:0;padding:40px;background:var(--paper);color:var(--ink);max-width:min(920px,92vw);max-height:85vh;width:850px;box-shadow:0 25px 100px #0008}dialog::backdrop{background:rgba(3,18,14,.78);backdrop-filter:blur(5px)}.dialog-close{position:absolute;right:17px;top:12px;border:0;background:transparent;color:var(--ink);font-size:29px}dialog h2{font-size:34px;margin:0 0 24px}dialog p{font-size:14px;line-height:1.65;margin-top:16px}dialog ul{padding-left:18px}dialog li{font-size:13px;line-height:1.7;margin:13px 0}dialog a{color:var(--green);text-underline-offset:3px}.source-date{font-size:11px;color:var(--muted)}.overview-list{display:grid;grid-template-columns:1fr 1fr;gap:0 24px}.overview-item{display:flex;gap:15px;text-align:left;border:0;border-top:1px solid var(--rule);background:none;padding:14px 0;font-size:13px;line-height:1.4;color:var(--ink)}.overview-item span{color:var(--ochre);font-variant-numeric:tabular-nums}.overview-item.current{font-weight:600}.dialog-image{width:100%;height:auto;max-height:65vh;object-fit:contain;background:white}.dialog-caption{font-size:11px;color:var(--muted);line-height:1.5;margin-top:12px}@keyframes grow{from{transform:scaleX(0)}to{transform:scaleX(1)}}
@media(prefers-reduced-motion:reduce){*{animation:none!important;transition:none!important;scroll-behavior:auto!important}}
@media(max-width:700px){body{overflow:auto;background:var(--paper)}#viewport{height:auto;display:block;overflow:visible}#deck{width:100%;height:auto;transform:none!important}.slide{position:relative;display:block;width:100%;height:auto;min-height:0;padding:33px 24px 70px;overflow:hidden;border-bottom:1px solid var(--rule)}.slide>header{margin-bottom:27px}.eyebrow{font-size:10px}.seal{width:37px;height:37px}h2{font-size:36px;margin:16px 0 12px}h3{font-size:26px}.lead{font-size:16px}.footer{left:24px;right:24px;bottom:22px;font-size:9px;gap:18px}.footer span:first-child{max-width:75%}.two-col,.disclaimer-grid,.fee-grid,.demand-grid,.landlight,.story-grid,.project-grid,.structure-grid,.experience-grid,.characteristics,.next-grid{grid-template-columns:1fr;gap:28px}.cover{min-height:700px;padding-top:35px}.wordmark{width:207px}.cover-date{font-size:10px;margin-right:0}.cover .eyebrow{margin-top:65px;font-size:11px}.cover h1{font-size:52px;margin-top:24px}.cover .subtitle{font-size:23px}.regions{gap:12px;flex-wrap:wrap;font-size:10px;line-height:1.5;margin-top:30px}.regions span:last-child{margin-left:0;flex-basis:100%}.contours{width:450px;height:450px;right:-170px;bottom:-170px}.cover .footer{font-size:9px}.disclaimer-grid{margin-top:26px;gap:23px}.disclaimer-grid p{font-size:14px}.disclaimer-risk{font-size:22px;margin-bottom:10px}.window-slide{padding:33px 24px 70px}.window-slide iframe{display:none}.window-mobile{display:block}.window-mobile h2{font-size:35px}.mobile-timeline{margin-top:28px}.mobile-timeline>div{border-left:2px solid var(--sage);padding:0 0 23px 20px;position:relative}.mobile-timeline>div:before{content:'';position:absolute;left:-6px;top:3px;width:10px;height:10px;border-radius:100%;background:var(--sage)}.mobile-timeline>div.entry{border-color:var(--ochre)}.mobile-timeline>div.entry:before{background:var(--ochre)}.mobile-timeline h3{font-size:23px}.mobile-timeline p{font-size:14px;line-height:1.6;color:var(--sage);margin-top:8px}.window-mobile .mobile-term{border-top:1px solid var(--rule);font:400 25px/1.3 var(--serif);padding-top:20px;margin-top:12px}.fee-slide h2{font-size:35px}.fee-grid{margin-top:25px}.fee-traction{margin:0;height:auto;padding:24px}.fee-line{font-size:14px;padding:11px 0}.fee-line small{font-size:11px}.fee-assumptions{font-size:11px;margin-top:22px}.fee-progress-caption{font-size:12px}.fee-actions-mobile{margin-top:16px}.demand-proof{gap:23px}.proof strong{font-size:13px}.proof p{font-size:12px}.demand-caption{font-size:13px}.migration{margin-top:5px}.migration .map{height:200px}.city-ranks{font-size:12px}.migration p{font-size:11px}.land-flow{gap:12px;flex-wrap:wrap;line-height:1.5}.land-flow span{max-width:145px}.land-flow .arrow{font-size:20px}.land-light-close{font-size:24px}.story-copy p{font-size:17px}.story-copy .story-punch{font-size:28px}.wesley-photo{width:133px;height:158px}.operator-stats{gap:24px}.operator-photo{height:165px}.moat-row{grid-template-columns:1fr;gap:13px;padding:24px 0}.moat-row p{font-size:15px}.moat-bottom{align-items:flex-start}.moat-bottom b{font-size:42px}.moat-bottom p{font-size:12px}.pipeline-head{display:none}.pipeline-row{grid-template-columns:1fr;gap:17px;padding:26px 0}.pipeline-track .milestone{font-size:10px}.pipeline-date{font-size:19px}.legend{gap:14px;flex-wrap:wrap}.project h2{font-size:40px}.plan-wrap img{height:225px}.project-stats{justify-content:space-between}.project-note{font-size:15px}.readiness{flex-wrap:wrap;gap:23px 0;margin-bottom:20px}.readiness .gate{flex-basis:33.33%;min-width:33.33%;font-size:11px}.readiness strong{font-size:11px}.readiness small{font-size:10px}.project-legend{font-size:10px}.return-amount{font-size:55px}.return-breakdown{gap:25px}.return-breakdown b{font-size:25px}.return-note{margin-top:77px}.experience-stat{font-size:52px}.experience-rows .experience-row{grid-template-columns:96px 1fr}.experience-row p{font-size:14px}.repeat-line{font-size:23px}.terms-row{grid-template-columns:110px 1fr;gap:15px}.terms-row dd{font-size:23px}.scarcity .big{font-size:65px}.scarcity p{font-size:16px}.next-contact{flex-direction:column;align-items:flex-start;gap:15px;margin-top:32px}.next-contact a:last-child{margin-left:0}.next-grid h3{font-size:30px}.next-list li{font-size:15px}.toolbar{height:53px;padding:0 12px;gap:6px}.review-label{font-size:9px;max-width:110px;line-height:1.4}.toolbar button{height:31px;padding:0 9px;font-size:10px}#fullscreen{display:none}.slide-actions{display:none}#counter{min-width:44px;font-size:10px}body{padding-bottom:53px}dialog{padding:31px 23px;max-width:94vw}dialog h2{font-size:28px}.overview-list{grid-template-columns:1fr}.overview-item{font-size:12px}.bar-row{grid-template-columns:40px 1fr 55px;gap:10px}.bar-row b{font-size:30px}}
@media(min-width:701px){
 .seal{object-fit:cover;object-position:left center}
 .fee-grid{margin-top:23px;gap:45px}.fee-amount{font-size:47px;margin:13px 0 10px}.fee-traction{height:337px;padding:22px 27px}.fee-traction h3{font-size:24px}.fee-traction .fee-amount{font-size:49px;margin:16px 0 12px}.fee-right-summary{font-size:14px;line-height:1.45;margin:13px 0 16px}.payment-split{padding:13px 0;gap:15px}.payment-split b{font-size:28px}.payment-split span{font-size:11px}.fee-lines{margin-top:7px}.fee-line{padding:6px 0;font-size:12px}.fee-line small{font-size:9px;margin-top:2px}.fee-progress-caption{font-size:10px;min-height:27px}.fee-bottom{font-size:15px;margin-top:12px;padding-top:12px}.fee-assumptions{font-size:9px;margin-top:10px;line-height:1.45}
 #slide-5 h2{font-size:44px;margin-top:24px}.demand-grid{margin-top:19px;gap:40px}.migration{padding:19px 23px}.migration .map{height:174px}.city-ranks{gap:7px 18px;margin-top:8px}.migration p{margin-top:12px}.demand-proof{gap:21px 26px}.demand-additional{font-size:12px;margin-top:15px;padding-top:11px}.demand-caption{font-size:13px;margin-top:15px}.proof b{font-size:39px}
 #slide-6 .bar-row{margin:18px 0}.land-flow{margin-top:22px;padding-top:18px;font-size:13px}
 #slide-7 h2{font-size:45px}.story-grid{margin-top:20px}.story-copy p{font-size:17px;line-height:1.5;margin-top:17px}.story-copy .story-punch{font-size:30px;margin-top:24px}.story-copy p.small{font-size:13px;margin-top:21px}.wesley-photo{height:155px;width:145px}.story-portrait{padding-bottom:17px}.operator-stats{margin-top:18px}.operator-stats b{font-size:32px}.operator-photo{height:87px;margin-top:21px}
 .moat-rows{margin-top:25px}.moat-row{padding:18px 0;gap:29px}.moat-row h3{font-size:26px}.moat-row p{font-size:15px;line-height:1.45}.moat-bottom{padding-top:13px;margin-top:9px}.moat-bottom b{font-size:46px}.moat-bottom p{font-size:12px}
 .pipeline-head{margin-top:23px}.pipeline-row{padding:16px 0 14px}.legend{margin-top:13px}
 .plan-wrap img{height:256px}.project-grid{margin-top:23px}.readiness{margin-top:24px}.project-legend{margin-top:9px;font-size:9px}
 .return-note{margin-top:51px;font-size:10px}.stack-row.pref span{color:#64756B}.stack-caption{font-size:10px}
}
@media(max-width:700px){.seal{object-fit:cover;object-position:left center}.stack-row.pref span{color:#64756B}}
#fee-frame{display:none;border:0}
@media(min-width:701px){.fee-slide{padding:0;background:var(--green)}.fee-slide>*{display:none}.fee-slide>#fee-frame{display:block;width:1280px;height:720px}}
.map-tabs{display:flex;gap:20px;margin-bottom:17px;border-bottom:1px solid rgba(241,238,228,.2)}.map-tabs button{padding:0 0 10px;border:0;border-bottom:2px solid transparent;background:transparent;color:var(--sage);font-size:11px}.map-tabs button.selected{color:var(--paper);border-color:var(--ochre)}.map-expand-button{display:block;padding:0;border:0;background:white;width:100%;margin-top:15px;cursor:zoom-in}.activity-map{width:100%;height:237px;object-fit:contain;display:block}.activity-stats{display:flex;justify-content:space-between;gap:20px;margin-top:14px}.activity-stats span{font-size:10px;line-height:1.5}.activity-stats b{font:400 25px var(--serif);display:block;color:var(--sage)}.migration [hidden]{display:none}.migration:has(#map-activity:not([hidden])){padding-top:16px;padding-bottom:18px}.migration:has(#map-activity:not([hidden])) h3{font-size:21px}.migration:has(#map-activity:not([hidden])) p{margin-top:10px}.migration:has(#map-activity:not([hidden])) .source-link{margin-top:6px}.migration:has(#map-destinations:not([hidden])) .map{height:150px}.migration:has(#map-destinations:not([hidden])) p{margin-top:10px}
@media(max-width:700px){.activity-map{height:225px}.activity-stats{gap:12px}.activity-stats b{font-size:23px}.map-tabs{gap:18px}.map-tabs button{font-size:11px}.migration:has(#map-activity:not([hidden])) h3{font-size:23px}}
@media(min-width:701px){.activity-map{height:192px}.demand-caption{margin-top:14px}.seal{object-fit:contain}}
.image-tools{display:flex;justify-content:flex-end;margin-bottom:12px}.image-tools button{background:var(--green);color:var(--paper);border:0;padding:9px 15px;font-size:12px}.image-viewport{overflow:auto;max-height:61vh}.image-viewport.zoomed .dialog-image{width:1600px;max-width:none;max-height:none;height:auto}.image-viewport .dialog-image{max-height:61vh}.seal{object-fit:contain}

.experience-team{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:35px;margin-top:25px;padding-bottom:24px}.experience-team-member{display:flex;align-items:center;gap:19px}.experience-team-member img{width:96px;height:110px;object-fit:cover;object-position:center 25%;flex:none}.experience-team-member h3{font-size:25px}.experience-team-member p{font-size:12px;line-height:1.5;color:var(--muted);margin-top:8px}.team-credentials{display:block;font-size:10px;color:var(--muted);margin-top:4px}.experience-service-grid{display:grid;grid-template-columns:1fr 1fr;gap:0 45px}.experience-service-grid .experience-row{display:grid;grid-template-columns:110px 1fr;gap:18px;border-top:1px solid var(--rule);padding:18px 0}.experience-service-grid .experience-row b{font-size:12px;font-weight:500}.experience-service-grid .experience-row p{font-size:14px;line-height:1.45;color:var(--muted)}
@media(min-width:701px){#slide-13 h2{font-size:45px;margin-top:24px}#slide-13 .repeat-line{font-size:21px;margin-top:13px;padding-top:17px}.operator-stats{gap:25px}.operator-stats b{font-size:31px}}
@media(max-width:700px){.experience-team{grid-template-columns:1fr;gap:25px;margin-top:28px;padding-bottom:27px}.experience-team-member{gap:22px}.experience-team-member img{width:96px;height:110px}.experience-service-grid{grid-template-columns:1fr}.experience-service-grid .experience-row{grid-template-columns:96px 1fr;gap:16px}.experience-service-grid .experience-row p{font-size:14px}#slide-13 .footer span:first-child{max-width:72%}.operator-stats{display:grid;grid-template-columns:1fr 1fr;gap:20px 30px}.operator-stats b{font-size:34px}}

.prework-mobile{display:grid;grid-template-columns:1fr;gap:15px 24px;margin-top:26px;padding:19px 0;border-top:1px solid var(--rule);border-bottom:1px solid var(--rule)}.prework-mobile b{display:block;font:400 32px/1.1 var(--serif);color:var(--paper)}.prework-mobile span{display:block;font-size:12px;line-height:1.5;color:var(--sage);margin-top:10px}.prework-mobile p{grid-column:1/-1;font-size:10px;line-height:1.5;color:var(--sage);margin-top:5px}.prework-mobile button{margin-left:3px}

.target-geography{background:var(--green);color:var(--paper);padding:25px 27px 22px}.target-geography h3{font-size:29px}.target-geography .growth-period{font-size:11px;line-height:1.5;color:var(--sage);margin-top:8px}.target-states-map{width:100%;height:185px;display:block;object-fit:contain;margin:13px 0 15px}.state-growth{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:19px;border-top:1px solid rgba(241,238,228,.2);padding-top:18px}.state-growth h4{font:500 12px var(--sans);margin:0;color:var(--paper)}.state-growth b{display:block;font:400 37px/1.15 var(--serif);color:var(--sage);margin-top:8px}.state-growth p{font-size:10px;color:var(--sage);margin-top:7px}.target-geography .growth-source{font-size:10px;color:var(--sage);margin-top:17px}.btr-driver{border-top:1px solid var(--rule);margin-top:28px;padding-top:18px}.btr-driver .kicker{font-size:10px;color:var(--ochre);margin-bottom:8px}.btr-driver h3{font-size:30px}.btr-driver p{font-size:14px;line-height:1.55;color:var(--muted);max-width:460px;margin-top:9px}
@media(min-width:701px){#slide-5 .demand-grid{margin-top:26px;gap:43px}#slide-5 .demand-proof{gap:27px 30px}#slide-5 .proof b{font-size:42px}}
@media(max-width:700px){.target-geography{padding:23px 20px 24px}.target-states-map{height:175px;margin:17px 0}.target-geography h3{font-size:28px}.state-growth{gap:13px}.state-growth h4{font-size:11px;min-height:28px;line-height:1.4}.state-growth b{font-size:31px}.state-growth p{font-size:9px;line-height:1.5}.btr-driver p{font-size:14px}.btr-driver h3{font-size:28px}.btr-driver{margin-top:25px}}

/* Operator story: preparation discipline balanced against operating history. */
.story-balance{display:grid;grid-template-columns:1.05fr 1fr;gap:48px;margin-top:18px}.story-origin{font-size:17px;line-height:1.5;color:var(--muted);max-width:520px}.story-checklist{list-style:none;padding:0;margin:19px 0 0}.story-checklist li{display:grid;grid-template-columns:34px 1fr;align-items:center;gap:17px;border-top:1px solid var(--rule);padding:8px 0}.story-checklist h3{font-size:25px;line-height:1.15}.story-checklist span{display:block;font-size:10px;line-height:1.5;color:var(--muted);margin-top:4px}.story-check{width:30px;height:30px;overflow:visible}.story-check rect{fill:transparent;stroke:var(--sage);stroke-width:1;transition:fill .3s,stroke .3s}.story-check path{fill:none;stroke:var(--paper);stroke-width:2.4;stroke-linecap:round;stroke-linejoin:round;stroke-dasharray:28;stroke-dashoffset:28;transition:stroke-dashoffset .45s ease}.story-checklist .checked rect{fill:var(--green);stroke:var(--green)}.story-checklist .checked path{stroke-dashoffset:0}.story-principle{font:400 27px/1.18 var(--serif);margin-top:16px;opacity:.4;transition:opacity .4s}.story-principle.ready{opacity:1}.story-principle em{font-style:normal;color:var(--ochre)}.story-evidence{border-left:1px solid var(--rule);padding-left:38px}.story-identity{display:flex;align-items:center;gap:24px}.story-identity img{width:119px;height:120px;object-fit:cover;object-position:center 30%;flex:none}.story-identity h3{font-size:33px}.story-identity p{font-size:12px;line-height:1.6;color:var(--muted);margin-top:8px}.story-history-label{margin-top:22px;font-size:10px;color:var(--muted)}.story-history{display:grid;grid-template-columns:1fr 1fr;gap:0 30px;margin-top:13px}.story-history>div{border-top:1px solid var(--rule);padding:12px 0 15px}.story-history b{display:block;font:400 43px/1.05 var(--serif);font-variant-numeric:tabular-nums}.story-history span{display:block;font-size:11px;line-height:1.5;color:var(--muted);margin-top:8px}.story-history>div:last-child b{color:var(--ochre)}.story-partnership{font-size:12px;line-height:1.55;color:var(--muted);margin-top:9px;max-width:425px}
@media(min-width:701px){#slide-7 h2{font-size:47px;margin-top:28px}}
@media(max-width:700px){.story-balance{grid-template-columns:1fr;gap:33px;margin-top:26px}.story-origin{font-size:16px}.story-checklist{margin-top:24px}.story-checklist li{gap:15px;padding:14px 0}.story-checklist h3{font-size:24px}.story-checklist span{font-size:10px}.story-principle{font-size:25px;opacity:1;margin-top:22px}.story-evidence{border-left:0;border-top:1px solid var(--rule);padding:28px 0 0}.story-identity{gap:22px}.story-identity img{width:107px;height:123px}.story-identity h3{font-size:28px}.story-identity p{font-size:12px}.story-history-label{margin-top:26px}.story-history{gap:0 25px;margin-top:15px}.story-history b{font-size:40px}.story-history>div{padding:16px 0 21px}.story-partnership{font-size:12px;margin-top:14px}}
@media(prefers-reduced-motion:reduce){.story-check rect,.story-check path,.story-principle{transition:none}}

/* Competitive moat: two counterparties and two barriers to entry. */
#slide-8 .moat-rows{margin-top:27px}#slide-8 .moat-row{padding:17px 0;grid-template-columns:205px 1fr 1fr;gap:32px}#slide-8 .moat-row h3{font-size:28px}#slide-8 .moat-row p{font-size:16px;line-height:1.5}.moat-barriers{border-top:1px solid var(--rule);padding-top:22px;margin-top:4px}.moat-barriers>.kicker{font-size:11px;color:var(--sage)}.moat-barrier-grid{display:grid;grid-template-columns:1fr 1fr;gap:48px;margin-top:17px}.moat-barrier-grid h3{font-size:30px;display:flex;align-items:baseline;gap:15px}.moat-barrier-grid h3 span{font:500 11px var(--sans);color:var(--ochre)}.moat-barrier-grid p{font-size:15px;line-height:1.55;color:var(--sage);margin-top:10px;max-width:485px}.moat-close{font:400 26px/1.2 var(--serif);color:var(--paper);margin-top:17px}
@media(max-width:700px){#slide-8 .moat-row{grid-template-columns:1fr;gap:13px;padding:24px 0}#slide-8 .moat-row h3{font-size:28px}#slide-8 .moat-row h3 br{display:none}#slide-8 .moat-row p{font-size:15px}.moat-barriers{padding-top:24px;margin-top:6px}.moat-barriers>.kicker{font-size:10px;line-height:1.6;max-width:320px}.moat-barrier-grid{grid-template-columns:1fr;gap:25px;margin-top:24px}.moat-barrier-grid h3{font-size:28px;gap:14px}.moat-barrier-grid p{font-size:14px;line-height:1.6;margin-top:11px}.moat-close{font-size:25px;line-height:1.3;margin-top:29px}}

/* Pipeline: identical stage columns and concrete next actions. */
#slide-9 .pipeline-head,#slide-9 .pipeline-row{grid-template-columns:205px 1fr 230px;gap:27px}#slide-9 .pipeline-head{margin:27px 0 12px;align-items:center;font-size:11px;line-height:1.4}.pipeline-stage-head{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));align-items:center}#slide-9 .pipeline-row{padding:16px 0 14px;align-items:start}#slide-9 .pipeline-track{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));padding-top:6px}#slide-9 .pipeline-track .milestone{padding:18px 14px 0 0;font-size:12px;line-height:1.45}#slide-9 .milestone strong{display:block;font-weight:500;font-size:13px;line-height:1.4}#slide-9 .milestone small{display:block;font-size:10px;line-height:1.45;color:var(--muted);margin-top:5px}.stage-label,.next-label{display:none}.pipeline-next h3{font-size:22px;line-height:1.3}.pipeline-next{padding-top:0}#slide-9 .pipeline-title h3{font-size:27px}#slide-9 .pipeline-title p{font-size:11px;margin-top:7px}#slide-9 .legend{margin-top:15px;font-size:11px;gap:30px}
@media(max-width:700px){#slide-9 .pipeline-head{display:none}#slide-9 .pipeline-row{grid-template-columns:1fr;gap:24px;padding:27px 0}#slide-9 .pipeline-row:first-of-type{margin-top:23px}#slide-9 .pipeline-track{padding-top:6px}#slide-9 .pipeline-track .milestone{padding:19px 10px 0 0}#slide-9 .stage-label{display:block;font-size:10px;line-height:1.4;font-weight:500;min-height:28px;margin-bottom:8px;color:var(--ink)}#slide-9 .milestone strong{font-size:12px;line-height:1.5}#slide-9 .milestone small{font-size:10px;line-height:1.5;margin-top:6px}.next-label{display:block;font-size:10px;text-transform:uppercase;letter-spacing:.08em;color:var(--muted);margin-bottom:8px}.pipeline-next h3{font-size:22px;line-height:1.35}#slide-9 .legend{font-size:10px;gap:21px;margin-top:21px}}

/* Compact project fact card; Hewitt design review. */
.project-facts-card{display:grid;grid-template-columns:1fr 1.2fr;background:var(--green);color:var(--paper);padding:25px 27px 24px;gap:25px}.project-facts-card>div+div{border-left:1px solid rgba(241,238,228,.23);padding-left:25px}.project-facts-card b{display:block;font:400 58px/1.05 var(--serif);font-variant-numeric:tabular-nums;letter-spacing:-.02em}.project-facts-card span{display:block;font-size:12px;line-height:1.5;margin-top:12px;color:var(--sage)}.project-facts-card>div+div b{color:var(--sage)}.project-facts-card+.project-note{font-size:17px;line-height:1.5;margin-top:23px}.project-facts-card+.project-note small{font-size:12px;line-height:1.65;margin-top:13px}
@media(max-width:700px){.project-facts-card{padding:22px 21px;gap:20px;grid-template-columns:1fr 1.25fr}.project-facts-card>div+div{padding-left:20px}.project-facts-card b{font-size:44px;letter-spacing:-.025em}.project-facts-card span{font-size:11px;line-height:1.5;margin-top:11px}.project-facts-card+.project-note{font-size:16px;margin-top:22px}.project-facts-card+.project-note small{font-size:12px}}

/* Capital-stack ranges are cumulative; row areas show 40 / 20 / 40 shares. */
.capital-stack{height:250px;display:grid;grid-template-rows:2fr 1fr 2fr;gap:5px;margin-top:12px}.capital-stack .stack-row{margin:0;padding:0 19px;display:grid;grid-template-columns:minmax(0,1fr) auto;gap:13px;min-height:0}.capital-stack .stack-row h3{font-size:23px;line-height:1.1}.capital-stack .stack-copy p{font-size:10px;line-height:1.3;color:var(--sage);margin-top:3px}.capital-stack .pref .stack-copy p{color:#64756B}.stack-range{font:400 30px/1.1 var(--serif);letter-spacing:-.025em;font-variant-numeric:tabular-nums;white-space:nowrap}.capital-stack .common .stack-range{color:var(--ochre)}
@media(max-width:700px){.capital-stack{height:260px;gap:5px}.capital-stack .stack-row{padding:0 16px;gap:10px}.capital-stack .stack-row h3{font-size:21px}.capital-stack .stack-copy p{font-size:10px;margin-top:3px}.capital-stack .stack-range{font-size:28px}#slide-12 .stack-caption{font-size:10px;line-height:1.5}}

@media(max-width:700px){#slide-12 .term-line{margin-bottom:48px}}

.fee-dilution-callout{margin:19px 0 24px;padding-bottom:20px;border-bottom:1px solid var(--rule)}.fee-dilution-callout b{display:block;font:400 56px/1 var(--serif);color:var(--ochre);font-variant-numeric:tabular-nums}.fee-dilution-callout span{display:block;margin-top:10px;font-size:12px;line-height:1.5}.fee-traction .fee-dilution-callout{border-color:rgba(241,238,228,.22)}.fee-traction .fee-dilution-callout span{color:var(--paper)}

/* Target-state migration headline; detailed evidence is available in source notes. */
#slide-5 .target-geography{padding-top:27px;padding-bottom:28px}#slide-5 .target-states-map{height:224px;margin:20px 0 22px}.target-state-names{display:grid;grid-template-columns:repeat(3,minmax(0,1fr));gap:14px;border-top:1px solid rgba(241,238,228,.2);padding-top:18px;font-size:13px;line-height:1.5;color:var(--paper)}
@media(max-width:700px){#slide-5 .target-states-map{height:190px;margin:23px 0}.target-state-names{font-size:11px;gap:11px}}

/* Two accumulated barriers surround Sage’s ability to deliver lots. */
.moat-layout{display:grid;grid-template-columns:610px minmax(0,1fr);gap:43px;margin-top:27px}
.moat-visual{height:340px;position:relative}
.moat-market{font-size:10px;letter-spacing:.09em;color:var(--sage)}
.moat-entry{position:absolute;left:0;top:148px;width:86px;color:var(--sage)}
.moat-entry span{font-size:12px;line-height:1.45;display:block}
.moat-entry i{display:block;border-top:1px dashed var(--sage);width:86px;margin-top:13px;position:relative}
.moat-entry i:after{content:'';position:absolute;right:0;top:-8px;height:15px;width:3px;background:var(--sage)}
.moat-ring{position:absolute;border-radius:50%;text-align:center}
.moat-knowledge{top:45px;left:98px;width:505px;height:289px;border:3px solid var(--sage);background:rgba(185,195,173,.025)}
.moat-ring-label{position:absolute;left:50%;top:-15px;transform:translateX(-50%);padding:0 12px;background:var(--green);white-space:nowrap;font-size:28px;line-height:1.1}
.moat-ring-detail{position:absolute;left:0;right:0;bottom:14px;font-size:12px;line-height:1.55;color:var(--sage)}
.moat-relationships{top:54px;left:62px;width:375px;height:178px;border:3px solid var(--ochre)}
.moat-relationships .moat-ring-label{font-size:25px;top:-14px}
.moat-relationships .moat-ring-detail{bottom:11px;font-size:11px;line-height:1.5}
.moat-core{position:absolute;top:42px;left:74px;width:220px;height:65px;display:flex;flex-direction:column;align-items:center;justify-content:center;background:var(--paper);color:var(--green)}
.moat-core h3{font-size:24px;line-height:1.1}.moat-core p{font-size:11px;line-height:1.4;margin-top:5px;color:var(--muted)}
.moat-value-row{border-top:1px solid var(--rule);padding-top:16px;margin-bottom:24px}
.moat-value-row h3{font-size:28px;margin-bottom:11px}
.moat-value-row p{font-size:16px;line-height:1.5;color:var(--sage)}
.moat-value-row .meaning{font-size:14px;line-height:1.45;color:var(--paper);margin-top:11px}
.moat-visual-close{border-top:1px solid var(--rule);padding-top:14px;margin-top:12px;font:400 26px/1.25 var(--serif)}
@media(max-width:700px){
 .moat-layout{grid-template-columns:1fr;gap:28px;margin-top:29px}
 .moat-visual{height:358px;width:100%}.moat-market{font-size:9px;line-height:1.6;max-width:310px}
 .moat-entry{display:none}
 .moat-knowledge{left:0;top:52px;width:100%;height:300px}
 .moat-ring-label{font-size:23px;padding:0 8px;top:-13px}
 .moat-relationships{left:23px;top:57px;width:calc(100% - 46px);height:179px}
 .moat-relationships .moat-ring-label{font-size:21px;top:-12px}
 .moat-ring-detail{font-size:11px;bottom:16px}
 .moat-relationships .moat-ring-detail{font-size:10px;bottom:11px}
 .moat-core{left:30px;width:calc(100% - 60px);top:40px;height:67px}
 .moat-core h3{font-size:23px}.moat-core p{font-size:11px}
 .moat-value-row{padding-top:20px;margin-bottom:26px}.moat-value-row h3{font-size:27px}
 .moat-value-row p{font-size:15px}.moat-value-row .meaning{font-size:14px}
 .moat-visual-close{font-size:25px;line-height:1.35;margin-top:0;padding-top:21px}
}

.moat-core p{color:#64756B}.moat-knowledge>.moat-ring-detail{bottom:22px}
@media(min-width:701px){.moat-relationships{height:166px}}