22 unchanged sentences
Interest Rate Risk
−Removed: The Company is subject to interest rate risk under its ABL, which bears interest at the Wall Street Journal Prime Rate (subject to a floor of 5.50%) plus 2.0% per annum.
+Added: The PWRtek Note is subject to a fixed interest rate and is therefore not exposed to fluctuations in interest rates.
+Added: The Company is subject to interest rate risk under its ABL, which bears interest at the Wall Street Journal Prime Rate (subject to a floor of
+Added: 5.50%) plus 2.0% per annum.
The interest rate under the ABL was 8.75% and 9.5% as of December 31, 2025 and 2024, respectively.
−Removed: For the year ended December 31, 2024, the weighted-average interest rate was 10.8%.
−Removed: During the year ended December 31, 2024, the Company incurred $0.7 million in interest and fees related to the ABL.
+Added: For the years ended December 31, 2025 and 2024, the weighted-average interest rate was 9.3% and 10.8%, respectively.
+Added: During the years ended December 31, 2025 and 2024, the Company incurred $1.0 million and $0.7 million in interest and fees related to the ABL, respectively.
Based upon ABL borrowings outstanding as of December 31, 2025 of $3.3 million, a 100 basis point change in interest rates would have resulted in an approximate $0.1 million change to our annual interest expense.
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.