Risk Factors Update Summary
- A decrease in U.S. federal tax credits from approximately $4 million to $1 million.
- Adverse developments in the financial services industry could impact business, financial condition, or results.
- A decrease in principal outstanding under the 2022 Loan Agreement from $575 million to $412 million.
- A decrease in Net Operating Losses (NOL) from approximately $229 million to $137 million.
- A decrease in state tax credits from approximately $8.7 million to $0.
- An increase in outstanding principal under the 2029 Convertible Notes from $26 million to $40 million.
- A decrease in state NOL carryovers from approximately $252 million to $202 million.
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.
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