−Removed: Except as set forth below, there have been no material changes to the risk factors described in the section captioned “Part I, Item 1A.
+Added: There have been no material changes to the risk factors described in the section captioned “Part I, Item 1A.
Risk Factors”
−Removed: in our Annual Report on Form 10-K for the year ended December 31, 2022.
+Added: in our Annual Report on Form 10-K for the year ended December 31, 2022, as amended and supplemented by the information in “Part II, Item 1A.
+Added: Risk Factors”
+Added: in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023.
In addition to the other information set forth in this report, you should carefully consider the factors discussed in the section captioned “Part I, Item 1A.
Risk Factors”
−Removed: in our Annual Report on Form 10-K for the year ended December 31, 2022, which could materially affect our business, financial condition, or future results.
−Removed: The risks described in our Annual Report on Form 10-K are not the only risks we face.
+Added: in our Annual Report on Form 10-K for the year ended December 31, 2022 and in “Part II, Item 1A.
+Added: Risk Factors”
+Added: in our Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2023, which could materially affect our business, financial condition, or future results.
+Added: The risks described in our Annual Report on Form 10-K and such subsequently filed Quarterly Report on Form 10-Q are not the only risks we face.
Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may have a material adverse effect on our business, financial condition, and/or operating results.
−Removed: We have been, and may continue to be, subject to the actions of activist stockholders, which could cause us to incur substantial costs, divert management ’
−Removed: s and the board ’
−Removed: s attention and resources, and have an adverse effect on our business and stock price.
−Removed: From time to time, we may be subject to proposals by activist stockholders urging us to take certain corporate actions or to nominate certain individuals to our board of directors.
−Removed: For example, we received a notice from Caligan Partners LP, or Caligan, of its intent to nominate two directors for election to the board of directors at our 2023 annual meeting of stockholders.
−Removed: We subsequently entered into a cooperation agreement with Caligan on April 13, 2023 and pursuant to the cooperation agreement, Caligan withdrew its director nominations.
−Removed: If activist stockholder activities, such as those by Caligan or other stockholders, ensue, our business could be adversely affected, as responding to proxy contests and reacting to other actions by activist stockholders can be costly and time-consuming, disrupt our operations and divert the attention of management and our board of directors.
−Removed: For example, we retained, and may be required to retain in the future, the services of various professionals to advise us on activist stockholder matters, including legal, financial, and communications advisors, the costs of which negatively impact our financial results.
−Removed: In addition, perceived uncertainties as to our future direction, strategy or leadership created as a consequence of activist stockholder initiatives may result in the loss of potential business opportunities, harm our ability to attract new investors, customers, and employees, and cause our stock price to experience periods of volatility or stagnation.
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.