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ITEM 1A. RISK FACTORS
There were no material changes from the risk f operational pause, furlough of employees or other actions we take to conserve cash and fund our operations may not achieve our intended outcome
On June 24, 2025, we implemented an operational pause in order to conserve capital while we seek potential fundraising transactions. As a result of our inability to secure meaningful funding prior to such operational pause, we also announced the furlough of most our employees, in order to reduce expenses. These or other actors previously disclosed under Item 1A. Risk Factorions we may take may result in unintended consequences and costs, such as the loss of institutional knowledge and expertise, attrition beyond the intended number of employees, decreased morale among our remaining employees, and the risk that we may not achieve the anticipated benefits of the operational pause. In addition, while most employees have been furloughed, certain functions necessary to our operations remain, and we may be unsuccessful in distributing the duties and obligations of furloughed employees. The operational pause could also make it difficult for us to Part I of our Annual Reppursue, or prevent us from pursuing, new opportunities and initiatives due to insufficient personnel, or require us to incur additional and unanticipated costs to hire new personnel to pursue such opport on Form 10-K as ofunities or initiatives. If we are unable to realize the anticipated benefits from the fiscal year ended December 31, 2024operational pause, or if we experience significant adverse consequences from the operational pause, our business, financial condition, and results of operations may be materially adversely affected.