Risk Factors Update Summary
- Cybersecurity risks and incidents may disrupt operations, compromise confidential information, and damage business relationships.
- The Loan Portfolio Acquisition may result in the issuance of approximately 9.9 million common stock shares.
- Sales of common stock post Loan Portfolio Acquisition may cause decline in market price.
- Post-acquisition, current stockholders may own 38.4% and CALP 61.6% of outstanding common stock.
- Reduction in stockholders' percentage ownership and voting power due to Loan Portfolio Acquisition.
- Failure to complete the Loan Portfolio Acquisition could result in a $6,046,613 termination fee.
- Uncertainties in integrating the Loan Portfolio may lead to unexpected costs and material adverse effects.
- The Loan Portfolio Acquisition Agreement limits pursuing alternative transactions, potentially discouraging other proposals.
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=1843162&owner=exclude
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