gpa discrepancy for finance internship

Preface: pls don't moralize or tell me that I deserve consequences or a punishment, I am just looking for advice

I accepted an offer for a summer internship at one of the big banks (think: jpm, goldman, citi, etc) for next summer (summer of 2027)

The application required a minimum GPA of 3.6 and technically my GPA is a 3.1 but it is only a 3.1 because of a single class. For context, there was a family tragedy and I had to late drop a few classes and to avoid being below the unit minimum for my college I enrolled in a class very late.

I received approval from the university to retake that class whenever I want and have the new grade replace my old grade for GPA calculations because I got an F in the class as I did not show up for midterm, final, etc or do the class work since I knew I was going to retake it.

Without that one class, my GPA is a 3.6 and if you remove it from calculation I am at the threshold.

I plan on retaking the class during fall of 26 and receiving the grade I need to get above that 3.6 threshold.

I have two questions

1. When will the company likely do the onboarding process where I submit transcript and things of that nature? If it occurs after fall of 26 then my new GPA will already be above the 3.6 since I am retaking the class and I will be okay.
2. Does anyone have any advice / should I proactively send an email saying my situation or wait for it to come up? How likely is it that I lose my offer?