20. SUBSEQUENT EVENTS

On July 13, 2026, the Company entered into a Third Amendment to the Term Loan and Security Agreement (the “Third Amendment”). As of the amendment date, the outstanding principal balance of the Close Date Term Loan was $15,207. Under the Third Amendment, among other things, (i) the maturity date of the Close Date Term Loan was extended from July 13, 2026 to July 13, 2027; (ii) the interest rate remains at three-month SOFR plus 5%; however, the Close Date Term Loan is also subject to a guaranteed minimum return of 20% (the “MOIC”); (iii) beginning October 1, 2026, the Company is required to make monthly

payments of $1,000, consisting of principal and the MOIC thereon; and (iv) the default interest rate was increased to 5% above the otherwise applicable annual interest rate.

In connection with the Third Amendment, the Company amended the related warrant agreement to extend the expiration date of the warrants from May 13, 2029 to May 13, 2030 and reduce the exercise price from $2.53 per share to $2.28 per share.