Item 3. Legal Proceedings
item
3. legal proceedings
Other
than as described below, we are currently not a party to any legal proceedings that, in the opinion of management, if determined adversely
to us, would individually or taken together have a material adverse effect on our business, operating results, financial condition or
cash flows. We may from time to time be subject to various legal or administrative claims and proceedings arising in
the ordinary course of business. As our growth continues, we may become party to an increasing number of litigations and claims. The
outcome of litigations and claims cannot be predicted with certainty, and the resolution of these matters could materially affect our
future results of operations, cash flows or financial position.
As
a result of oppositional proceedings initiated by a third-party in 2018, the Opposition Division of the EU Patent Office decided in 2019
to revoke two of the three European patents (EP 2.478.693 and EP 2.621.159) and in 2021 to maintain the third patent (EP 2.621.158).
Following appeal hearings held in early 2024, the Board of Appeals revoked all three patents, with formal written decisions issued in
July 2024. We filed a petition for review of the decision regarding two of the three European patents (EP 2.478.693 and EP 2.621.159) and did not appeal the decision regarding the third European patent (EP 2.621.158). In 2025, all three patents were finally revoked.
The revocations are not expected to have a material impact on our current business operations.
item
4. mine safety disclosures.
Not
applicable.
42
part
II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.