Risk Factors Update Summary
- Accumulated deficit increased from $140 million to $152 million as of December 31, 2023.
- Sales Agreement with Cantor Fitzgerald changed to H. C. Wainwright & Co. LLC.
- Maximum amount of common stock to be sold under LPC Facility decreased from $8 million to $2 million.
- Ownership interest decreased from 25.1% to 20.1% as of March 27, 2024.
- Maximum amount of common stock to be sold under Sales Agreement decreased from $10 million to $2.75 million.
- Potential dilution from fundraising efforts increased due to the sale of up to $75 million of common stock.
- Failure to comply with environmental regulations could harm the business.
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.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=925741&owner=exclude
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