Risk Factors Update Summary

• The exercise of warrants to purchase our securities was added, potentially diluting existing shares.
• The enactment of DFAL requires obtaining licenses by July 1, 2025, impacting operations significantly.
• Revenue recognition changed significantly, with a decrease from $1.605 billion to $1.60 billion.
• The company received a notification for non-compliance with the NYSE Listing Rule Section 802.01C.
• SEC increasingly focuses on regulating crypto, impacting business operations and potential securities classification.
• Goodwill and intangible assets impairments of $1.60 billion due to market capitalization decline.
• If non-compliance with the Listing Rule persists, securities may be delisted, impacting market availability.
• SEC's actions alleging crypto assets as securities may lead to regulatory scrutiny and impact operations.
• Equity financing raised $39.7 million through registered direct offerings in March 2024.
• Non-compliance with the Listing Rule could lead to reduced liquidity and limited news coverage.
• Uncertainty around the classification of stablecoins as securities may affect future offerings and operations.
• Increased litigation risks and regulatory liabilities may impact financial condition and operations.
• Lack of clarity on the status of crypto assets as securities may lead to regulatory investigations and penalties.
• Changes in tax reporting requirements for cryptocurrency brokers may impact financial reporting and compliance.