−Removed: Factors that could cause our actual results to
−Removed: differ materially from those in this report include the risk factors described in our 2024 Annual Report on Form 10-K.
−Removed: As of the date
−Removed: of this Quarterly Report on 10-Q, there have been no material changes to the risk factors disclosed in our 2024 Annual Report on Form
−Removed: 10-K except as described in the below risk factors.
−Removed: by the United States, counter-tariffs by other countries and future changes in tariff policies could adversely affect our results of
−Removed: has imposed, and could impose in the future, broad-ranging tariffs on imports from some of its largest trading partners.
−Removed: In retaliation,
−Removed: many countries have imposed, and could impose in the future, counter-tariffs on U.S.-produced items.
−Removed: Tariffs have spurred, and could
−Removed: continue to spur, additional retaliatory moves by affected countries, including by China and the European Union member states.
−Removed: Tariffs present both positive and negative impacts across our business,
−Removed: but, in the aggregate, based on limited information to date, which may change, we expect that they may produce a net positive impact in
−Removed: light of our U.S.
−Removed: focused manufacturing strategy.
−Removed: However, we also face material risks with respect to tariff policies and the uncertainties
−Removed: and potential changes in such policies.
−Removed: For example, if tariffs are modified or changed in the future or our preliminary information is
−Removed: incorrect, our consolidated results of operations could be materially negatively impacted.
−Removed: In addition, for purposes of our operations,
−Removed: we seek to acquire various materials, supplies and components imported into the U.S., including certain equipment utilized in metal-making,
−Removed: magnet making, and magnet finishing and as a result, we have been adversely impacted by the imposition of trade restrictions on such goods.
−Removed: We may also be adversely impacted if tariffs significantly hurt the economic outlook and negatively impact consumer demand and our ability
−Removed: to raise capital in the future.
−Removed: UNREGISTERED SALES
−Removed: OF EQUITY SECURITIES AND USE OF PROCEEDS
+Added: Factors that could cause our actual results to differ materially from those in this report include the risk factors described in our 2024 Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”) on March 31, 2025, as supplemented by the risk factors described in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the SEC on May 15, 2025.
+Added: As of the date of this Quarterly Report on Form 10-Q, there have been no material changes to the risk factors disclosed in our 2024 Annual Report on Form 10-K and as supplemented by the risk factors described in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025.
+Added: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
DEFAULTS UPON SENIOR SECURITIES
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.