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 under LPC Facility decreased from approximately $8 million to $2 million.
- Morph product family model numbers reduced from eight to a number of model numbers.
- Beneficial ownership by executives, directors, and affiliates decreased from 25.1% to 20.1%.
- Maximum amount of common stock under Sales Agreement decreased from $10 million to $2 million.
- Market value of listed securities requirement for Nasdaq compliance decreased from $35.0 million to an undisclosed amount.
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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