−Removed: In February 2022, we announced the acquisition of a manufacturing facility located in Osceola, Arkansas.
−Removed: The facility of approximately 580,000 square feet is currently the headquarters and is planned to become our primary manufacturing facility.
−Removed: The leased warehouse and production facility in Corona, California was assigned to our former sub-lease tenant effective April 1, 2022.
−Removed: We also lease other office and storage space on month-to-month leases or for terms expiring within one year.
+Added: In February 2022, we announced the planned acquisition of a manufacturing facility located in Osceola, Arkansas.
+Added: The facility, comprising approximately 580,000 square feet, currently serves as our operational base and is intended to become our primary manufacturing site.
+Added: While we commenced investment in the facility and operations are active under a lease structure, the underlying property transaction remains subject to final closing.
+Added: We continue to work collaboratively with the City of Osceola to finalize terms related to site development, easements, and purchase conditions.
+Added: In the first quarter of 2025, we announced the relocation of our corporate headquarters to Houston, Texas.
+Added: The Osceola facility remains a central asset in our manufacturing strategy.
+Added: Our previously leased warehouse and production facility in Corona, California was assigned to our former sub-lease tenant effective April 1, 2022.
+Added: We also lease other office and storage space on a month-to-month basis or under agreements with terms expiring within one year.
In March 2023, the Company entered into an agreement with Berthaphil, Inc.
1 unchanged sentence
The term of the lease is two years and two months with a turnover date of July 1, 2023 and a rental commencement of September 1, 2023.
−Removed: The Company intends to use the leased space as a production facility as it seeks to expand its business presence in the region and the United States.
+Added: While the Company intended to use the leased space as a production facility, an executive decision was made to close this warehouse at December 31, 2024.
LEGAL PROCEEDINGS
3 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.