Item 3. Legal Proceedings
ITEM
3. LEGAL PROCEEDINGS.
Securities
Matters Arising From the Company’s Restated Financial Statements and Related Matters
On
March 12, 2024, the Company received a subpoena from the SEC seeking documents concerning, among other things, the Company’s recently
restated financial statements. The Company cooperated with the SEC’s inquiry. On January 28, 2025, the SEC staff notified the
Company that it had concluded its investigation as to the Company and did not intend to recommend an enforcement action.
From
time to time, the Company is involved in legal matters arising in the ordinary course of business. While the Company believes that
such matters are currently not material, there can be no assurance that matters arising in the ordinary course of business for which
the Company is, or could be, involved in litigation, will not have a material adverse effect on its business, financial condition or
results of operations.
ITEM
4. MINE SAFETY DISCLOSURES.
Not
applicable.
PART
II
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