2 unchanged sentences
We are the defendant in litigation with a former employee, who filed a lawsuit in the Court of Common Pleas of Philadelphia County asserting claims for breach of contract and violation of the Pennsylvania Wage Payment and Collection Law.
−Removed: The plaintiff, who was terminated from his employment in 2019, contended that we entered into a binding settlement agreement in February 2020 under which he was to receive shares of company stock and additional compensation.
+Added: The plaintiff, who was terminated from their employment in 2019, contended that we entered into a binding settlement agreement in February 2020 under which he was to receive shares of company stock and additional compensation.
Specifically, he contended that before the announcement of our initial public offering in February 2020, he was promised 150,000 shares of stock as part of the settlement, and that those shares were not subject to the reverse stock split that was implemented for all shareholders.
6 unchanged sentences
On September 25, 2025, the appellate court affirmed the entry of judgment in favor of the Company and on October 7, 2025 the plaintiff filed an Application for Reargument to the Superior Court of Pennsylvania.
−Removed: We are awaiting a decision on whether the Superior Court of Pennsylvania will review the case and we intend to continue to defend against this claim.
+Added: In December 2025, the plaintiff petitioned for review of their appeal to the Pennsylvania Supreme Court which is currently pending.
+Added: We intend to continue to defend against this claim.
Other than the above, we are not presently a party to any legal proceedings that, in the opinion of management, would, if decided against us, have a material adverse effect on our business.
1 unchanged sentence
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.