Risk Factors Update Summary
- Launch of Block 1 BB satellites was delayed, requiring an additional $50 million for operating and capital expenditures.
- Net loss attributable to common stockholders increased from $34 million in 2022 to $87 million in 2023.
- Net losses attributable to common stockholders increased from $105 million through 2022 to $189 million through 2023.
- Ownership by Mr. Avellan and his permitted transferees decreased from 86.5% to 81.5%.
- The Stockholder Parties collectively owned approximately 69% of outstanding common stock, down from 93%.
- The Stockholder Parties controlled approximately 86.5% of the combined voting power, reduced to 81.5%.
- The Stockholder Parties controlled approximately 86.5% of the combined voting power, reduced to 81.5%.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
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