Risk Factors Update Summary
- Present need for additional funding raises concerns about ability to continue. Cash and cash equivalents decreased significantly from approximately $0.5 million to a very limited amount.
- Significant additional funds needed to satisfy outstanding payables and fully implement business plan.
- Loss of relationship with Bidi could adversely alter intellectual property rights and access.
- Failure to capitalize on GoFire assets could impair strategy of diversifying product offerings.
- Market price volatility due to various factors including FDA actions and financial results fluctuations.
- Failure to maintain Nasdaq listing compliance could negatively impact liquidity and price of Common Stock.
- Concentration of ownership by Kaival Holdings and principal stockholders may lead to conflicts of interest.
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=1762239&owner=exclude
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