AI智能总结
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days.Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit suchfiles).Yes☐No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or anemerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. ☐Accelerated filer☐Smaller reporting company☐ If an emerging growth company, indicate by check mark if the registrant has selected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☐If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☐The aggregate market value of the voting and nonvoting common equity held by non-affiliates of the registrant was approximately $203,434,831 onJune 30, 2024, using the closing price on June 28, 2024 of $7.92.The number of shares of the registrant’s $0.0001 par value common stock outstanding as of February 7, 2025 was26,357,542.DOCUMENTS INCORPORATED BY REFERENCEPortions of the Company’s Proxy Statement for the Annual Meeting of Stockholders to be held on June 4, 2025, are incorporated by reference into PartIII of this Form 10-K. TABLE OF CONTENTS FORWARD-LOOKING STATEMENTS1 PART 1 Item 1.BusinessItem 1A.Risk FactorsItem 1B.Unresolved Staff CommentsItem 1CCybersecurityItem 2.PropertiesItem 3.Legal ProceedingsItem 4.Mine Safety Disclosures PART II 29Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases ofEquity Securities29Item 6.[Reserved]29Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations30Item 7A.Quantitative and Qualitative Disclosures About Market Risk41Item 8.Financial Statements and Supplementary Data41Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure41Item 9A.Controls and Procedures41Item 9B.Other Information41Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections41 Item 10.Directors, Executive Officers and Corporate Governance42Item 11.Executive Compensation49Item 12.Security Ownership of Certain Beneficial Owners and Management and Related StockholderMatters54Item 13.Certain Relationships and Related Party Transactions, and Director Independence61Item 14.Principal Accounting Fees and Services61 PARTIV62Item 15.Exhibits, Financial Statement and Schedules62Item 16.Form 10-K Summary65 SIGNATURES FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K (this “Annual Report”) and our other public filings contain forward-lookingstatements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-lookingstatements give expectations or forecasts of future events. Forward-looking statements can sometimes, but notalways, be identified by words such as “believe,” “expect,” “anticipate,” “contemplate,” “continue,” “estimate,”“goal,” “guidance,” “forecast,” “look forward,” “outlook,” “predict,” “project,” “plan,” “should,” “target,”“intend,” “may,” “will,” “would,” “potential” and similar expressions to future periods. Forward-lookingstatements are not based on historical facts but rather represent current expectations and assumptions. Factors thatmay influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differmaterially from expected or desired results may inc