Risk Factors Update Summary

• Adoption of the EU-US Data Privacy Framework as a GDPR transfer mechanism effective July 10, 2023.
• Revenue decreased from $75.2 million in 2022 to $54.0 million in 2023.
• The company faced putative securities class action lawsuits in the U.S. District Court.
• Implementation of revised standard contractual clauses and other relevant documentation for data transfers.
• Number of full-time employees decreased from 106 to 76 as of December 31, 2023.
• Deposits at SVB exceeded federally insured limits, emphasizing a potential risk in financial operations.
• Potential delisting from NYSE due to non-compliance with market capitalization requirements.
• Accumulated deficit increased from $222 million to $255 million as of December 31, 2023.
• The company may need to raise additional capital to avoid losing part of the investment.
• Concentrated ownership by Eclipse Ventures LLC and affiliates, influencing significant control over the company.
• Cash and cash equivalents increased from $11 million to $16 million as of December 31, 2023.
• Climate-related risks may disrupt operations, cause damage, and result in additional costs or delays.
• Potential impact of climate change regulations on disclosure requirements, leading to additional compliance costs.
• Redemption of outstanding Series A and Series B Convertible Preferred Stock may require significant cash payments.