Risk Factors Update Summary

• Competing with new entrants in the functional beverage category could significantly impact revenues.
• Sales to Pepsi constituted 59.4% of total net revenue in 2023, with receivables from Pepsi at 69.0%.
• Failure to comply with regulations concerning energy drinks may adversely affect financial performance.
• Failure to accurately estimate demand for products could result in material losses.
• Material weakness in internal control over financial reporting could lead to misstatements.
• Increased competition in the energy drink and supplement industries poses a significant challenge.
• Fluctuations in foreign currency exchange rates may impact reported earnings and profit margins.
• Potential changes in accounting standards or taxation could adversely affect financial results.
• Failure to maintain effective disclosure controls could harm the market value of common stock.
• Strikes or work stoppages may disrupt product supply, leading to a loss of sales.