Risk Factors Update Summary
- Due to an event of default on the Credit Agreement, forecasted funds to repay debt decreased from $58.5 million to $53.3 million.
- The Company incurred $15.1 million in new junior subordinated secured indebtedness, increasing debt obligations.
- Non-compliance with the minimum liquidity requirement may lead to default, impacting capital resources.
- The Company's Emerging Growth Company status expired, increasing costs and demands on management.
- A notice received regarding non-compliance with the minimum bid price requirement for continued listing.
- Potential delisting from the Nasdaq Global Market if compliance with listing requirements is not regained.
- The Company may be adversely affected by climate change, impacting agricultural productivity and supply chain costs.
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=1723580&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.