The Company evaluated subsequent events from March 31, 2026, the date of these unaudited condensed consolidated financial statements, through May 11, 2026, which represents the date the unaudited condensed consolidated financial statements were issued, for events requiring adjustment to or disclosure in these unaudited condensed consolidated financial statements.

Florida Lease

On April 24, 2026, the Company entered into a 127-month operating lease agreement for approximately 40,000 square feet of office and warehouse space in Tampa, Florida. The Company expects to record a right of use asset of approximately $4.6 million in the period in which it gains access to the premises.

Inventory Purchase Commitments

On April 9, 2026, the Company extended its inventory purchase commitment for a term of one year, with the option to extend its commitment until December 31, 2028. The Company expects the additional inventory purchase commitment of $6.3 million to be paid by December 31, 2027.

Debt Refinancing

On May 8, 2026, the Company entered into an amended and restated credit agreement with Truist Bank for $175.0 million (the “Amended Credit Agreement”). The Amended Credit Agreement provides for (i) a $50.0 million senior secured revolving credit facility and (ii) a $125.0 million senior secured term loan credit facility, which was borrowed in full on May 8, 2026. The Company will use the proceeds to refinance and replace its existing Credit Agreement, dated as of May 22, 2022, with Truist Bank, and for general corporate purposes. The Company is currently evaluating the impact of the Amended Credit Agreement on its consolidated financial statements.