What changed 10-K

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

2026-03-31 compared with 2025-03-14 · 6 added, 5 removed, 10 unchanged (52% of the section changed)

7 unchanged sentences

and international economic factors and other factors beyond

The Related Party Loan entered into in January 2024 bears interest at a variable rate which exposes us to market risks

relating to changes in interest rates.

As of December 31, 2024, we had $70.7 million of variable rate debt associated with the Related

Based on this debt level, an increase of 100 basis points in the effective interest rate on the outstanding debt amount would

result in an increase in interest expense of approximately $0.7 million over the next 12 months.

The Related Party Loan entered into in January 2024 along with the corresponding two amendments bears interest at

a variable rate which exposes us to market risks relating to changes in interest rates.

As of December 31, 2025, we had $126.7 million

of variable rate debt associated with the Related Party Loan.

Based on this debt level, an increase of 100 basis points in the effective

interest rate on the outstanding debt amount would result in an increase in interest expense of approximately $1.3 million over the next

We do not use derivative financial

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.