Risk Factors Update Summary
- Substantial doubt raised about ability to continue as a going concern due to financial covenants.
- Change from "common stock or public warrants" to "securities" throughout. This change enhances clarity.
- Operating losses increased from $104.3 million to $133.3 million in 2023.
- Change from "common stock or warrants" to "securities" throughout. This change broadens the scope.
- Reduction in force impacted approximately 21% of the workforce to streamline operations.
- Change from "board" to "Board of Directors" for emphasis. This change clarifies roles.
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=1825079&owner=exclude
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