Risk Factors Update Summary
- Stockholders must consent to a forum provision limiting claims, potentially increasing costs for lawsuits.
- The company expects to need additional capital to fund operations and investments until reaching self-sufficiency.
- A decrease from 41% to 38% in total voting power held by certain founding shareholders.
- Customer attrition rates improved from 32.9% and 25.0% to 10%, but further reduction is needed.
- Potential delisting from The Nasdaq Capital Market could impact stock price and liquidity.
- Failure to renew the TPA license in Wisconsin could impact operations in 43 states.
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=1844392&owner=exclude
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