Item 1B. Unresolved Staff Comments
Item 1B. Unresolved Staff Comments.
Not applicable.
Item 1C. Cybersecurity.
Cybersecurity Risk Management and Strategy
Following the closing of
the Business Combination, we rely on information technology systems, network infrastructure, operational technology, and digital platforms
to operate our business, manage manufacturing processes, support recycling operations, interact with suppliers and customers, maintain
financial records, and process transactions. Our information systems include internally developed systems and processes, as well as systems
and services provided by third-party vendors and cloud service providers .
Our information systems and
operational technology may be vulnerable to cybersecurity threats and incidents, including unauthorized access, malicious code, ransomware,
phishing, social engineering, insider threats, denial-of-service attacks, and other cyber-attacks that could compromise the confidentiality,
integrity, or availability of our systems or data. Cybersecurity threats have become increasingly sophisticated, including as threat actors
leverage artificial intelligence, automation, and advanced social engineering techniques, and may originate from criminal organizations,
insiders, or state-sponsored actors.
The Company is subject to
cyber threats in the ordinary course of business. While we have not experienced any material cybersecurity incidents to date, we cannot
assure that future incidents will not occur. We recognize that cybersecurity threats pose ongoing risks which, if realized, could have
a material adverse impact on our business, financial condition and results of operations. A successful cybersecurity incident could result
in business disruption, loss of intellectual property, regulatory exposure, reputational harm, or financial losses, any of which could
materially and adversely affect our business, results of operations, or financial condition. For additional discussion of cybersecurity
risks, see “Item 1A. Risk Factors.”
The Company is in the process
of evaluating and developing its cybersecurity risk management framework. As part of this process, the Company is considering the implementation
of formal cybersecurity policies, procedures, and controls designed to identify, assess, and mitigate cybersecurity risks. These measures
may include access controls, network monitoring, data backup procedures, incident response planning, vendor risk management practices,
and employee awareness training, among other safeguards.
Management’s Role in Cybersecurity
Following the closing of
the Business Combination, cybersecurity risk management is overseen by senior management under the supervision of the Company’s
Chief Executive Officer (“CEO”). The Company’s Chief Financial Officer (“CFO”) and Chief Operating Officer
(“COO”), together with the internal IT personnel (collectively, the “IT Security Team”), are expected to support
the development and implementation of cybersecurity policies, controls, and incident response procedures.
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In connection with the Company’s
growth and integration of new operating subsidiaries, including international operations, the Company expects to continue enhancing its
cybersecurity governance structure, internal controls, and monitoring capabilities.
Governance
Following the closing of
the Business Combination, the Audit Committee of the Board of Directors is expected to oversee cybersecurity-related risks as part of
its broader oversight of the Company’s risk management processes. The Audit Committee may receive periodic updates from management
regarding cybersecurity risks, controls, incident response planning, and significant developments in the Company’s information security
posture.
Management intends to report
to the Audit Committee on cybersecurity matters as part of its broader enterprise risk management reporting, including any significant
cybersecurity threats, incidents, or remediation efforts. The Audit Committee is also expected to oversee management’s efforts to
assess cybersecurity risks associated with third-party vendors, cloud service providers, and operational technology systems used in manufacturing
and recycling facilities.
The Board and Audit Committee
are expected to consider cybersecurity risk as an integral component of the Company’s overall risk management framework and strategic
planning process.
Item 2. Properties.
Our executive offices are
located at 4040 NE 2nd Ave, Ste 348, Miami, Florida 33137, and our telephone number is (561) 225-3205.
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