LEGAL PROCEEDINGS
−Removed: time to time, we may become involved in lawsuits, investigations and claims that arise in the ordinary course of business.
−Removed: June 15, 2023, Terrence and Kay Mimick (the “Plaintiffs”) filed a complaint in the U.S.
−Removed: District Court, District of Nebraska
−Removed: naming the Company, its wholly-owned subsidiary, Pioneer Critical Power, Inc., and an individual acting in his capacity as an employee
−Removed: of the Company, collectively as defendants.
−Removed: Plaintiffs filed an amended complaint on July 7, 2023, alleging negligent driving, negligent
−Removed: entrustment, and negligent hiring, training and supervision, as a result of a car accident that occurred on September 9, 2019, and seeking
−Removed: special damages related to the injuries allegedly sustained by Plaintiffs.
−Removed: The amended complaint also named Titan Energy Systems, Inc.
−Removed: as a defendant instead of Pioneer Critical Power, Inc.
−Removed: On July 27, 2023, the defendants filed an Answer to Plaintiff’s Amended
−Removed: On October 6, 2023, a mediation was held, but the parties did not reach a settlement.
−Removed: In June 2024, another mediation was
−Removed: held and the parties reached a settlement for all of the Plaintiffs’ claims.
−Removed: The case was dismissed with prejudice on July 23,
−Removed: of the date hereof, we are not aware of or a party to any other legal proceedings to which we or any of our subsidiaries is a party or
−Removed: to which any of our property is subject, nor are we aware of any such threatened or pending litigation or any such proceedings known
−Removed: to be contemplated by governmental authorities that we believe could have a material adverse effect on our business, financial condition
−Removed: or operating results.
−Removed: can give no assurance that any other lawsuits or claims brought in the future will not have an adverse effect on our financial condition,
−Removed: liquidity or operating results.
−Removed: are not aware of any material proceedings in which any of our directors, officers or affiliates or any registered or beneficial shareholder
−Removed: of more than 5% of our common stock is an adverse party or has a material interest adverse to our interest.
+Added: From time to time, we may become involved in lawsuits,
+Added: investigations and claims that arise in the ordinary course of business.
+Added: As of the date hereof, we are not aware of or a party to any
+Added: legal proceedings to which we or our subsidiary is a party or to which any of our property is subject, nor are we aware of any such threatened
+Added: or pending litigation or any such proceedings known to be contemplated by governmental authorities that we believe could have a material
+Added: adverse effect on our business, financial condition or operating results.
+Added: We can give no assurance that any lawsuits or claims
+Added: brought in the future will not have an adverse effect on our financial condition, liquidity or operating results.
+Added: We are not aware of any material proceedings in which
+Added: any of our directors, officers or affiliates or any registered or beneficial shareholder of more than 5% of our common stock is an adverse
+Added: party or has a material interest adverse to our interest.
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.