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Item 1A. Risk Factors
Except as set forth below, theThere have been no material changes to the risk factors previously disclosed in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2024 as supplemented or amended with risk factors disclosed in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. Capitalized terms used but not defined in this section have the meanings given to them in the 2024 Form 10-K. The risk factors idisclosed in our Annual Report , as supplemented, continue to describe risks that could materially affect our business, financial condition, results of operations, and stock price. Additional risks and uncertainties not currently known to us or that we currently deem immaterial may also materially adversely affect us.
The expiration of restrictions on the sale or transfer of shares of common stock issued to lenders in connection with the Debt Exchange Transaction may increase the volatility of our common stock.
A significant number of shares of our common stock were issued to lenders in connection with the Debt Exchange Transaction and are subject to restrictions on sale or transfer through approximately September 17, 2025. Upon expiration of these restrictions, these shares may become eligible for resale in the public market, subject to applicable securities laws. Any actual or perceived future sales of these shares may negatively affect the market price of our common stock or increase volatility. The potential for these shares to be sold may also limit our ability to raise additional capital through equity offerings.