Risk Factors Update Summary
- The company evaluated the development in June 2022 and may record impairment charges in the future.
- A significant design defect in hangar buildings may require retrofitting costing $26 to $28 million.
- Failure to maintain hangar campuses could result in a decline in operations.
- Identified a material weakness in internal control over financial reporting, requiring substantial remediation.
- The company acquired a controlling interest in a metal building manufacturer for hangar prototypes.
- Sales of substantial numbers of shares could impact the market price of Class A Common Stock.
- The company may offer additional shares or securities convertible into Class A Common Stock.
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=1823587&owner=exclude
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