13 unchanged sentences
On July 12, 2023, an oral hearing on the motion to dismiss was held.
−Removed: The parties are currently awaiting a ruling.
−Removed: There is no assurance, however, that we or the other defendants will be successful in our defense of this lawsuit or that insurance will be available or adequate to fund any settlement or judgment or the litigation costs of this action.
−Removed: If the motion to dismiss is unsuccessful, there is a possibility that we may incur a loss in this matter.
−Removed: Such losses or range of possible losses either cannot be reliably estimated.
−Removed: A resolution of this lawsuit adverse to us or the other defendants, however, could have a material effect on our financial position and results of operations in the period in which the lawsuit is resolved.
−Removed: We understand that Mr.
−Removed: Leonard is now deceased.
−Removed: As of the date of this filing, plaintiffs have not filed a motion to substitute his estate, and it is unclear whether they intend to continue the claims against his estate.
+Added: On July 9, 2025, the Court granted our motion to dismiss with prejudice, and the case was dismissed in its entirety.
+Added: No appeal was filed and the matter is now considered closed.
On January 23, 2023, investors in the 2021 private placement from the Business Combination filed a lawsuit against us in the Commercial Division of New York Supreme Court, New York County, captioned Atalaya Special Purpose Investment Fund II LP et al.
22 unchanged sentences
Pursuant to court-approved scheduling, we filed our motion to dismiss on April 10, 2025.
−Removed: The lead plaintiff is expected to file an opposition by May 15, 2025, and we are expected to reply by June 5, 2025.
−Removed: We intend to defend against the lawsuit.
+Added: The lead plaintiff filed an opposition on May 15, 2025, and we filed our reply on June 5, 2025.
+Added: On June 18, 2025, the Court granted our motion to dismiss in full but granted plaintiffs leave to amend.
+Added: The plaintiffs filed a Second Amended Complaint on July 2, 2025.
+Added: Our motion to dismiss the Second Amended Complaint was filed on August 6, 2025, the plaintiff’s opposition is expected to be filed by September 9, 2025, and our reply is expected to be filed by September 23, 2025.
+Added: We intend to continue defending against the lawsuit.
There can be no assurance, however, that we will be successful in our defense, or that insurance will be available or adequate to fund any settlement or judgment or the litigation costs of this action.
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.