Risk Factors Update Summary
- Increased penalties under the federal Civil False Claims Act, with fines ranging from $13,500 to $27,894 per false claim.
- History of losses and future profitability uncertainty raised substantial doubt regarding continuing as a going concern.
- Potential impact from changes to the ACA, including the extension of premium tax credits through 2025.
- Net losses increased from $240.3 million to $377 million, impacting future profitability and financial stability.
- Decrease in Medicare payments to physicians by nearly 3.4% in 2024, affecting reimbursement for services.
- Outstanding indebtedness increased from $240.3 million to $377 million, affecting growth prospects and financial condition.
- Implementation of penalties for information blocking post-September 1, 2023, under the 21st Century Cures Act.
- Reverse stock split on January 31, 2024, at a ratio of 1-for-30 shares, impacting outstanding shares.
- Potential delisting from the Nasdaq Global Select Market due to non-compliance with minimum bid price requirements.
- Dilution risk from the issuance of Earnout Shares and warrants, impacting the number of outstanding shares.
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=1813914&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.