LEGAL PROCEEDINGS
−Removed: As previously disclosed, the Company continues to cooperate with the Department of Commerce (“DOC”) in connection with its ongoing investigation of the Company’s export control practices.
−Removed: DOC has not informed the Company of any specific timeline or schedule under which DOC will complete its review.
+Added: As previously disclosed, the Company continues to cooperate with the Department of Commerce (“DOC”) in connection with its ongoing administrative investigation regarding certain transactions by the Company.
+Added: On April 16, 2025, the Company received a letter from the DOC, which included certain allegations of administrative violations of export control regulations.
+Added: The Company is evaluating the letter and held an initial meeting with DOC to discuss the alleged violations and resolution of the matter.
+Added: The discussion with DOC is ongoing and at this time, the Company is unable to determine the outcome or estimate possible loss and therefore cannot determine the likelihood of loss or estimate a range of possible loss, if any.
We have in the past, and may from time to time in the future, become involved in legal proceedings arising from the normal course of business activities.
2 unchanged sentences
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.