2 unchanged sentences
The Company’s disclosure controls and procedures are designed to ensure that information required to be disclosed by the issuer in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized, and reported within the tim e periods specified in the Security Exchange Commission's (“SEC”) rules and forms, and that such information is accumulated and communicated to management, including its Global Co-CEO Matthias Aydt and Chief Financial Officer (“CFO”), as appropriate to allow timely decisions regarding required disclosure.
−Removed: Based on an evaluation of the Company’s disclosure controls and procedures (as defined in rules 13a-15(e) and 15d-15(e) of the Exchange Act), the Company’s Global Co-CEO Matthias Aydt and CFO ( principal executive officer and principal financial and accounting officer, respectively) have concluded that the Company’s disclosure controls and procedures were not effective as of June 30, 2025, due to the material weaknesses in the Company’s internal control over financial reporting described below.
+Added: Based on an evaluation of the Company’s disclosure controls and procedures (as defined in rules 13a-15(e) and 15d-15(e) of the Exchange Act), the Company’s Global Co-CEO Matthias Aydt and CFO ( principal executive officer and principal financial and accounting officer, respectively) have concluded that the Company’s disclosure controls and procedures were not effective as of September 30, 2025, due to the material weaknesses in the Company’s internal control over financial reporting described below.
Management’s Report on Internal Control Over Financial Reporting
31 unchanged sentences
Reporting directly to the CFO, this role serves as the internal point of contact for ICFR remediation and collaborates with the consulting firm to design, remediate, and implement enhanced controls.
+Added: During the third quarter of 2025, we continued executing this remediation plan, including design walkthroughs, control documentation, and implementation activities related to entity-level and process-specific controls;
• The Company has implemented and is continuing to develop new accounting policies and procedures;
2 unchanged sentences
• The Company adopted an Insider Investment Reporting Policy to strengthen internal oversight of related party transactions;
+Added: • As permitted under SEC guidance, management has excluded the internal control structure of AIXC, which was consolidated on September 29, 2025, from its assessment of internal control over financial reporting.
+Added: We intend to include AIXC in our ICFR scope once it has been part of the consolidated group for a full fiscal year.
Our remediation activities are ongoing in 2025 and are expected to extend into 2026.
40 unchanged sentences
The Governance Adjustments became effective on August 13, 2025.
−Removed: Except for the changes described above, there have been no changes in internal control over financial reporting during the three months ended June 30, 2025, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.
+Added: Except for the changes described above, there have been no changes in internal control over financial reporting during the three months ended September 30, 2025, that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.
PART II—OTHER INFORMATION
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.