4 unchanged sentences
Interest Rate Risk
−Removed: We had cash and cash equivalents of $341.0 million as of March 31, 2026, which consisted of interest-bearing investments with maturities of three months or less and investment grade securities, respectively.
+Added: We had cash and cash equivalents of $242.3 million as of June 30, 2026, which consisted of interest-bearing investments with maturities of three months or less and investment grade securities, respectively.
We do not enter into investments for trading or speculative purposes and have not used any derivative financial instruments to manage our interest rate risk exposure.
−Removed: We had borrowings from banks of $200.0 million as of March 31, 2026.
+Added: We had borrowings from banks of $205.0 million as of June 30, 2026.
The interest rate paid on these borrowings is variable, indexed to SOFR.
−Removed: Therefore, increases in interest rates will increase the interest expense on these borrowings.
+Added: Therefore, increases in interest rates will increase the interest expense on
+Added: these borrowings.
A hypothetical 100 basis point change in interest rates would not result in a material impact on our condensed consolidated financial statements.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.