What changed in this filing

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Item 3. Legal Proceedings

2023-03-31 compared with 2022-03-31 · 35 added, 6 removed, 11 unchanged (79% of the section changed)

9 unchanged sentences

unable to resolve the matter.

The parties are currently engaged in discovery, which we believe will lead to a trial date in the later

part of 2022.

The scheduled dates for these events to transpire have been extended several times as they are dependent on the safe and

full reopening of the Courts for attendance safe attendance of jurors, judges, witnesses and counsel.

Although it cannot be reasonably

determined at this time, we believe the likelihood of an unfavorable outcome on the defendant’s counterclaim is remote.

The parties are still currently engaged in discovery, which we believe will now lead to a trial date in

the later part of 2023.

The scheduled dates for these events to transpire were extended several times as they were dependent on the safe

and full reopening of the Courts.

Although it cannot be reasonably determined at this time, we believe the likelihood of an unfavorable

outcome on the defendant’s counterclaim is remote.

July 8, 2022, we received a notice from Jonathan Jorgl (the “Jorgl Notice”), an AIM stockholder who first purchased 1,000

AIM shares on June 27, 2022, seeking to nominate a control slate of two individuals for election to the three-member AIM Board of Directors

(the “Board”) at the 2022 Annual Meeting of Stockholders.

The Board unanimously determined the Jorgl Notice to be invalid

due to numerous deficiencies, including failure to comply with the Company’s bylaws.

The rejection of the Jorgl Notice was announced

on July 18, 2022.

on July 18, 2022, we filed a complaint in the U.S.

District Court for the Middle District of Florida, Ocala Division, against individuals

we believe failed to register as a group pursuant to U.S.

securities laws and committed other unlawful actions in the context of their

attempt to effectuate a takeover of the Company’s Board.

The court granted the defendants’ motion to dismiss, but allowed

the filing of an amended complaint.

Defendants’ renewed motion to dismiss is pending, and AIM is in the process of obtaining discovery

from the defendants.

August 12, 2022, a hearing was held in the Delaware Court of Chancery concerning a motion for a temporary restraining order sought by

Jorgl to require the AIM Board of Directors to accept his director nominations and include his nominees on a universal proxy card for

the upcoming Annual Meeting of Stockholders.

The court denied the motion several days later and scheduled a hearing on Jorgl’s

motion for a preliminary injunction to be held on October 5, 2022.

Extensive discovery was conducted in advance of the hearing, which

was then held as scheduled.

October 5, 2022, the Delaware Court of Chancery held a hearing regarding a motion to require the AIM Board of Directors to accept the

Jorgl Group’s director nominations and include the group’s nominees on a universal proxy card for the 2022 Annual Meeting

of Stockholders.

On October 28, 2022, the court denied Jorgl’s motion, citing that he failed to meet the burden of proof in light

of the evidence showing that he was part of efforts by convicted securities law felons working toward taking control of the AIM Board.

The Jorgl Group announced on November 2, 2022, that it did not intend to appeal the decision.

Safety Disclosures.

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.

What changed 10-K

Item 3. Legal Proceedings