Item 1A. Risk Factors
Item
1A. Risk Factors.
Our
business could be negatively affected as a result of a potential proxy contest for the election of directors at our annual meeting or
other stockholder activism.
In
May 2021, we received notice from a purported stockholder of its intention to nominate four candidates to stand for election to our Board
of Directors at our 2021 annual meeting of stockholders. If this purported stockholder or any other stockholder engages in a proxy contest
or other stockholder activism, we could incur significant legal fees and proxy solicitation expenses, and such actions would require
significant time and attention by management and our Board of Directors. The potential of a proxy contest or other stockholder activism
could interfere with our ability to execute our strategic plan, give rise to perceived uncertainties as to our future direction, adversely
affect our relationships with key business partners, result in the loss of potential business opportunities or make it more difficult
to attract and retain qualified personnel, any of which could materially and adversely affect our business and operating results. The
market price of our common stock could be subject to significant fluctuation or otherwise be adversely affected by the events, risks
and uncertainties related to any such stockholder activism.
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