Risk Factors Update Summary

• Certain significant stockholders collectively own approximately 38% of outstanding common stock as of December 31, 2023.
• The company had $425 million of outstanding indebtedness as of December 31, 2022. This significant debt may adversely affect operations and financial results.
• An investor beneficially owned 13% of outstanding common stock underlying 12,024,711 warrants.
• The company faces risks from fluctuations in currency exchange rates, particularly in markets where it sells in dollars.
• Being a public company requires compliance with various laws, regulations, and Exchange Act filings.
• The FCC's evolving regulations on broadband internet services could impact the company's operations and costs.
• Future sales of restricted common stock may significantly impact market price and trading volume.
• The company may face challenges due to the concentration of revenue from the top three carrier relationships.
• Future offerings of debt or equity securities may adversely affect the market price of common stock.
• The company's ability to comply with NYSE listing standards is at risk due to failing to meet the minimum average share price requirement.
• Reports by analysts, including projections differing from actual results, could affect stock price.
• The company's dependence on senior management and key personnel poses a risk if they are lost or difficult to replace.
• The company's exposure to natural disasters and disruptions in utility services could impact operations and financial results.