What changed in this filing

/stocks — the workspaceLOADING

Item 3. Legal Proceedings

2025-03-27 compared with 2024-03-14 · 33 added, 23 removed, 122 unchanged (31% of the section changed)

34 unchanged sentences

2020, dates inclusive, and who were damaged thereby.

Fact discovery closed on August 18, 2023 and expert discovery is currently underway.

Summary judgment motions and motions to exclude expert testimony are due April 10, 2024;

no trial date has yet been set.

The defendants

believe the claims are without merit and intend to defend vigorously against them, but there can be no assurances as to the outcome.

Fact and expert discovery are now closed, and the parties’ cross-motions for

summary judgment and to exclude certain expert testimony are now fully briefed.

The court held oral argument on those motions on February

On March 4, 2025 a judgment was issued granting the Company’s motion for summary judgment and denying Lead Plaintiff’s

motion for partial summary judgment.

Derivative Lawsuits (District of Utah & Utah State Court)

42 unchanged sentences

and the individual defendants overstated the demand for the Company’s Logix Smart COVID-19 test in statements on May 12, 2022 and

June 15, 2022.

The complaint alleges that plaintiff suffered losses when the Company’s stock price dropped after the Company disclosed

its financial results for the quarter ended June 30, 2022 in a press release on August 11, 2022.

On September 19, 2022, a second plaintiff,

Drew Lee, filed a similar complaint in the same court against the same defendants alleging essentially the same claims.

2023, the court consolidated these two securities class actions into the Stadium action and appointed Stadium as lead plaintiff.

June 15, 2022, and that plaintiff suffered losses when the Company’s stock price dropped after the Company disclosed its financial

results for the quarter ended June 30, 2022 in a press release on August 11, 2022.

On September 19, 2022, a second plaintiff, Drew Lee,

filed a similar complaint in the same court against the same defendants alleging essentially the same claims.

On August 9, 2023, the

court consolidated these two securities class actions into the Stadium action and appointed Stadium as lead plaintiff.

On September 21,

2023, Stadium filed a consolidated amended complaint, and on October 20, 2023, defendants moved to dismiss.

On February 5, 2024,

the Court granted in part and denied in part the defendants’ motion to dismiss.

On February 20, 2024, the defendants answered the

consolidated amended complaint, and the parties are now engaged in discovery.

The defendants believe the claims are without merit and

intend to defend vigorously against them, but there can be no assurances as to the outcome.

On February 5, 2024, the

Court granted in part and denied in part the defendants’ motion to dismiss, and on April 19, 2024, the Court dismissed an additional

Fact discovery on the remaining claims closed on November 15, 2024, and expert discovery is currently underway.

Dispositive motions

are due March 21, 2025, and no trial date has yet been set.

The defendants believe the claims are without merit and intend to defend

vigorously against them, but there can be no assurances as to the outcome.

Co-Diagnostics,

23 unchanged sentences

in its entirety with the Utah Supreme Court.

The Company believes the claims are without merit and intends to defend vigorously against

them, but there can be no assurances as to the outcome.

The Utah Supreme Court subsequently issued an order transferring the case to the Utah Court

Hukui has filed its brief in support of its efforts to overturn the Court’s order granting the Company’s motion

for summary judgment.

The Company has filed its reply brief in response to Hukui’s appellant brief.

The Utah Court of Appeals has

not ruled on Hukui’s appeal.

The Company believes the claims are without merit and intends to defend vigorously against them, but

there can be no assurances as to the outcome.

Co-Diagnostics,

14 unchanged sentences

a contract allegedly entered into on October 18, 2018.

The Company is being represented locally in the UK by Freshfields Bruckhaus Deringer

LLP in that matter.

The Company intends to vigorously defend against the UK claims and will seek to the full extent possible to enforce

its rights under the Declaratory Judgment already obtained in Utah but there can be no assurances as to the outcome.

The Company has filed its response to Pantheon’s claim.

The Company is being

represented locally in the UK by Freshfields Bruckhaus Deringer LLP in that matter.

The Company intends to vigorously defend against

the UK claims and will seek to the full extent possible to enforce its rights under the Declaratory Judgment already obtained in Utah

but there can be no assurances as to the outcome.

MINE 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