Risk Factors Update Summary
- Strategic review process initiated in March 2024 may result in substantial expenses, potential litigation, and market volatility.
- Revenue impacted by foreign currency exchange volatility, with a positive impact of $2.2 million in 2024.
- Number of warrants outstanding increased from 13,799,872 to 29,079,872 as of February 29, 2024.
- Outstanding indebtedness increased from $1,067.2 million in 2023 to $1,078.067 million in 2024.
- Goodwill impairment charge increased from $514.8 million in 2023 to $1,097.7 million in 2024.
- Interest rate on the 2021 Term Loan rose from 4.00% to 8.95% between February 2023 and February 2024.
- Acquisitions may lead to ownership dilution and integration difficulties, impacting the success of future mergers.
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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