LEGAL PROCEEDINGS
+Added: On February 8, 2023, Oasis Capital, LLC (“Oasis”)
+Added: filed a lawsuit against the Company in the United States District Court for the Southern District of New York seeking damages (i) in the
+Added: amount of $764,647.53 in for an alleged breach of the terms of the 8% senior convertible note and the securities purchase agreement entered
+Added: into between Oasis and the Company in connection with the Note (as defined below), which in December 2021 was increased to $600,000 in
+Added: principal amount (the “Note”) and (ii) an unspecified amount of damage for an alleged breach of the exclusivity provisions
+Added: of a term sheet that the Company and Oasis entered into on July 7, 2022 plus an actual damages in an amount to be proven at trial, interest
+Added: and costs, reasonable attorney’s fees and such other legal and equitable relief as the court deems just and proper.
+Added: believes the lawsuit is without merit and is vigorously defending itself.
know of no pending proceedings to which any director, member of senior management, or affiliate is either a party adverse to us or has
7 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.