Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: The table below sets forth our market repurchases of common stock during the quarter ended December 31, 2025.
+Added: The table below sets forth our market repurchases of common stock during the quarter ended March 31, 2026.
Number of Shares Repurchased
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Stock Repurchases
−Removed: Quarter Ended December 31, 2025
−Removed: October 1, 2025 to October 31, 2025
−Removed: November 1, 2025 to November 30, 2025
−Removed: December 1, 2025 to December 31, 2025
−Removed: For the Three Months Ended December 31, 2025
−Removed: On November 13, 2025, the Company announced a program to repurchase up to $50.0 million of its own common stock.
−Removed: The program does not obligate the Company to acquire any specific number of shares and may be suspended or discontinued at any time.
−Removed: On November 26, 2025, the Company issued in the aggregate 3,289,474 shares of common stock and 3,289,474 common stock purchase warrants to purchase up to 3,289,474 shares of common stock for an aggregate purchase price of $10,000,000, representing a purchase price of $3.04 per share of common stock and accompanying warrant.
−Removed: Each warrant is exercisable for one share of common stock at an exercise price of $4.00 per share.
+Added: Quarter Ended March 31, 2026
+Added: January 1, 2026 to January 31, 2026
+Added: February 1, 2026 to February 28, 2026
+Added: March 1, 2026 to March 31, 2026
+Added: For the Three Months Ended March 31, 2026
+Added: On January 9, 2026, the Company issued secured convertible notes in the original principal amount of approximately $36.0 million, convertible into 15,046,851 shares of common stock at $2.39 per share.
All of the securities issued by the Company were issued pursuant to the exemption for transactions by an issuer not involved in any public offering under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D promulgated thereunder and corresponding state securities laws.
+Added: None of the foregoing securities as well as common stock issuable upon conversion or exercise of such securities, have been registered under the Securities Act or any other applicable laws.
For more information regarding securities issued, see the Liquidity and Capital Resources section to our Unaudited Condensed Consolidated Financial Statements included herein.
3 unchanged sentences
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.