Legal Proceedings
−Removed: are not currently involved in any material legal proceedings.
−Removed: From time-to-time we are, and we anticipate that we will be, involved in
−Removed: legal proceedings, claims, and litigation arising in the ordinary course of our business and otherwise.
−Removed: The ultimate costs to resolve
−Removed: any such matters could have a material adverse effect on our financial statements.
−Removed: We could be forced to incur material expenses with
−Removed: respect to these legal proceedings, and in the event that there is an outcome in any that is adverse to us, our financial position and
−Removed: prospects could be harmed.
+Added: are not currently involved in any material legal proceedings, other than as disclosed below.
+Added: From time-to-time we are, and we anticipate
+Added: that we will be, involved in legal proceedings, claims, and litigation arising in the ordinary course of our business and otherwise.
+Added: The ultimate costs to resolve any such matters could have a material adverse effect on our financial statements.
+Added: We could be forced to
+Added: incur material expenses with respect to these legal proceedings, and in the event that there is an outcome in any that is adverse to
+Added: us, our financial position and prospects could be harmed.
+Added: October 27, 2025, the Company received a grand jury subpoena from the U.S.
+Added: Attorney’s Office in connection with an investigation
+Added: in the Southern District of New York.
+Added: The subpoena calls for the production of documents relating to the Company’s initial public
+Added: The Company has produced records in response to that grand jury subpoena.
+Added: Subsequently, the Company received an additional
+Added: DOJ request for information to include documents and communications relating to four contracts the Company executed after its IPO.
+Added: Company is complying with this additional request for information.
+Added: October 28, 2025, the Company learned that the SEC is conducting a related investigation pursuant to its authority.
+Added: 2026, the Company received a subpoena for documents from the SEC, which also calls for the production of documents and
+Added: communications related to the Company’s initial public offering and other items.
+Added: The Company is aware that its former Chief
+Added: Executive Officer also received a SEC subpoena that seeks records and communications relating to these investigations.
+Added: Company is fully cooperating with both investigations and will comply with its obligations under the subpoenas.
+Added: The Company cannot predict
+Added: the scope or timing of the investigations, the resolution or the outcome of the investigations, the costs or the potential impact on
+Added: As of the reporting date, the investigations remain ongoing, no conclusions
+Added: have been reached, and no final determinations have been made.
+Added: of the date of this Quarterly Report on Form 10-Q, there have been no material changes to the risk factors disclosed in our Annual Report
+Added: on Form 10-K filed with the SEC on March 18, 2026.
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.