Risk Factors Update Summary
- Increase in total consolidated indebtedness from $171 million to $160 million.
- Loss of key management or skilled personnel could adversely affect business operations.
- Transition from an emerging growth company to a public company entails increased legal, accounting, and administrative costs.
- Implementation of enterprise resource planning system may lead to operational disruptions.
- Identified material weaknesses in internal control over financial reporting for the years ended December 31, 2022 and 2021.
- Changes in governance provisions, including classified board of directors and restrictions on director removal.
- Increase in authorized shares of Class A common stock from 381,694 to 400,000.
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=1841925&owner=exclude
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