Risk Factors Update Summary
- The company acquired Broad Arrow for $73.3 million, aiming to leverage product offerings.
- The company controls approximately 67.9% of voting power, with Markel and State Farm holding 2.1%.
- The company exchanged 259,302 shares under the Contribution and Exchange Agreement as of December 31, 2023.
- The company may face limited liquidity for Series A Convertible Preferred Stock due to no established market.
- The company's ability to write business may be impacted if carriers experience liquidity issues.
- The company's ability to collect personal data may be restricted by evolving privacy laws.
- The company's ability to attract and retain key employees is critical for Marketplace business success.
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=1840776&owner=exclude
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