Red Flags Detected

• ⚠ This Offering May Cause the Price of Our Common Stock to Decline and Fall Below the Minimum Bid Price Requirement Required By the Nasdaq Listing Rules, Which Could Result In Our Common Stock Being Delisted From the Nasdaq Capital Market. (new) — The company explicitly warns that the offering itself could trigger delisting by pushing the stock below Nasdaq's $1.00 minimum bid price.
• ⚠ An Immediate Dilution of $2.975 Per Share to New Investors Purchasing Securities In This Offering (new) — New investors will pay $10.06 per share but the as-adjusted net tangible book value is only $7.085, resulting in immediate dilution of $2.98 per share.
• ⚠ During the 12 Months Ended June 17, 2026, the Market Price of the Common Stock As Reported By Nasdaq Has Ranged From a High of $43.55 Per Share to a Low of $3.11 Per Share. (new) — The stock has experienced extreme volatility over the past year, with a range from $3.11 to $43.55, indicating significant price instability.
• ⚠ Frank, Rimerman + Co. Llp (new) — The company's financial statements are audited by a smaller, less well-known audit firm, which may raise concerns about audit quality or resources.