5 unchanged sentences
a material interest adverse to us, in any material proceeding.
−Removed: Pending Litigation
−Removed: April 2021, Eric Marquez, the former Secretary/Treasurer and Chief Financial Officer of the Company, and certain other plaintiffs,
−Removed: filed a lawsuit against Cipherloc Corporation, our predecessor, and Michael De La Garza, Cipherloc’s former Chief Executive
−Removed: Officer and President, in the 20 th Judicial District for Hays County, Texas (Case No.
−Removed: The lawsuit alleges
−Removed: causes of action for fraud against Mr.
−Removed: De La Garza (for misrepresentations allegedly made by Mr.
−Removed: De La Garza);
−Removed: breach of contract,
−Removed: for alleged breaches of Mr.
−Removed: Marquez’s alleged oral employment agreement, which Mr.
−Removed: Marquez claims required Cipherloc pay him
−Removed: cash and shares of stock;
−Removed: unjust enrichment;
−Removed: quantum meruit;
−Removed: and rescission of certain stock purchases made by certain of the
−Removed: plaintiffs, as well as declaratory relief and fraud.
−Removed: Damages sought exceeded $1 million.
−Removed: We reached a preliminary agreement with the
−Removed: plaintiffs on November 13, 2024.
−Removed: A formal settlement agreement was negotiated and circulated to the plaintiffs on November 25, 2024.
−Removed: The execution of the settlement agreement is in progress and, when complete, will trigger the formal dismissal of the lawsuit.
−Removed: terms of the agreement require the Company to issue the plaintiffs a combined 356,400 shares of common stock and pay a total of $95
−Removed: thousand in cash in six equal, quarterly installments of approximately $16 thousand beginning on January 1, 2025, and ending on
−Removed: April 1, 2026.
−Removed: We estimate the cost of the settlement fee paid as stock to be approximately $15 thousand using the closing price of
−Removed: our common stock at September 30, 2024.
−Removed: A total of $110 thousand of expense has been recognized in our results for the year ended
−Removed: September 30, 2024.
+Added: Settled Litigation
+Added: April 2021, Eric Marquez, the former Secretary/Treasurer and Chief Financial Officer of Cipherloc Corporation, and certain other plaintiffs,
+Added: filed a lawsuit against Cipherloc Corporation and Michael De La Garza, Cipherloc’s former Chief Executive Officer and President,
+Added: in the 20 th Judicial District for Hays County, Texas (Cause No.
+Added: We executed a settlement agreement with the plaintiffs
+Added: on December 13, 2024, resulting in the dismissal of the lawsuit with prejudice on January 2, 2025.
+Added: The settlement agreement requires
+Added: the Company to issue the plaintiffs a combined 356,400 shares of common stock and pay a total of $95 thousand in cash in six equal, quarterly
+Added: installments of approximately $16 thousand each, beginning by January 1, 2025, and ending by April 1, 2026.
+Added: The expenses associated with
+Added: this settlement were included in our results for the fiscal year ended September 30, 2024.
+Added: Four payments totaling approximately $63 thousand
+Added: have been made and 356,400 shares of common stock have been issued as of September 30, 2025.
MINE SAFETY DISCLOSURES
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.