Legal Proceedings
−Removed: Potential JAMS arbitrations — consulting agreements.
−Removed: After quarter-end,
−Removed: JAMS administratively opened Jonathan Sanger v.
+Added: Company is involved in arbitration proceedings arising out of certain consulting agreements.
+Added: During 2025, demands for arbitration were
+Added: submitted to JAMS in Jonathan Sanger v.
American Picture House Corporation (JAMS Case No.
5220010741) and Michael Jones v.
−Removed: Picture House Corporation (JAMS Case No.
−Removed: APHP has objected that it has not been served under the agreements’ notice
−Removed: clauses and requested that JAMS defer arbitrator selection/administration pending proof of contract-compliant service.
−Removed: No arbitrator has
−Removed: been appointed and no scheduling order has issued.
−Removed: APHP reserves all rights and defenses, including a request to consolidate if both matters
−Removed: are properly commenced.
−Removed: have been no material changes to the risk factors described in our Annual Report on Form 10-K for the year ended December 31, 2024.
+Added: American Picture House Corporation (JAMS Case No.
+Added: 5220010727), with JAMS advising that the Jones matter had been consolidated with
+Added: the Sanger-caption matter under Case No.
+Added: The Company disputes the claims asserted and reserves all rights, objections and
+Added: defenses, including with respect to commencement, service and arbitrability.
+Added: During and after the quarter ended March 31, 2026, JAMS
+Added: communicated regarding payment of the initial retainer and advised that, absent timely payment of respondent’s share, the matter
+Added: would be placed on administrative stay.
+Added: The Company responded while continuing to reserve all rights, objections and defenses.
+Added: than the foregoing administrative communications, there were no material developments during the quarter ended March 31, 2026 with respect
+Added: to the proceedings described in the Company’s Annual Report on Form 10-K.
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.