NOTE
13 — SUBSEQUENT EVENT
On
July 27, 2026, the Company held its 2026 Annual Meeting of Stockholders. At the Annual Meeting, the Company’s stockholders:
| ● | Elected
Benedetta Casamento, Neal Goldman, Eric Hines, Dr. Didier Demesmin and Dr. Dawood Sayed to
serve as directors until the Company’s 2027 Annual Meeting of Stockholders or until
their respective successors are duly elected and qualified; |
| ● | Approved
an amendment to the Company’s Restated Certificate of Incorporation to increase the
number of authorized shares of common stock from 125,000,000 to 135,000,000; |
| ● | Approved
an amendment to the Company’s Amended and Restated 2020 Equity Incentive Plan to increase
the number of shares of common stock reserved and available for issuance under the plan from
11,500,000 to 28,750,000; |
| ● | Approved,
on a non-binding advisory basis, the compensation of the Company’s named executive
officers; and |
| ● | Ratified
the appointment of Grassi & Co., CPAs, P.C. as the Company’s
independent registered public accounting firm for the fiscal year ending December 31, 2026. |
On
July 29, 2026, the Board of Directors:
| ● | Re-elected
each of Kelly Ulto and Greg Shilling to serve as a director of the Company, effective July
27, 2026, until the Company’s 2027 annual meeting of stockholders (the “2027
Annual Meeting”) or until their respective successor is duly elected and qualified,
or such director’s earlier resignation or removal |
| ● | Reaffirmed
its determination that each of Ms. Ulto and Mr. Shilling is independent under the applicable
NYSE American listing standards; |
| ● | Reaffirmed
its determination that Ms. Ulto qualifies as an “audit committee financial expert,”
as defined in Item 407(d)(5) of Regulation S-K as well as Rule 10A-3 under the Securities
Exchange Act of 1934, as applicable; |
| ● | Appointed
Ms. Ulto as Chair of the Audit Committee and as a member of the Compensation Committee and
the Nominating and Corporate Governance Committee; and |
| ● | Appointed
Mr. Shilling as Chair of the Compensation Committee and as a member of the Audit Committee
and the Nominating and Corporate Governance Committee. |
These
events occurred subsequent to June 30, 2026 and did not require adjustment to the Company’s unaudited condensed consolidated financial
statements.
|