NOTE 17: SUBSEQUENT EVENTS

The Company evaluated subsequent events occurring after the balance sheet date through the date these condensed consolidated financial statements were issued and identified the following:

Prepayments of Borrowings Under the Amended Credit Agreement from the Public Offering

On July 1, 2026, net proceeds of the June 2026 public offering (see Note 12) were applied to repay outstanding borrowings under the Amended Credit Agreement through normal operations, including a payment of $1,000 of remaining unpaid principal under the Term Loan and the remainder under the Revolving Credit Facility. Amounts repaid under the Revolving Credit Facility remain available for future borrowing, subject to the terms and conditions of the Amended Credit Agreement (see Note 9).

Exercise of Underwriter Option to Purchase Common Stock

On July 7, 2026, the underwriter fully exercised its option to purchase additional shares of common stock granted in connection with the June 2026 public offering (see Note 12). At the closing of the over-allotment option, which occurred on July 8, 2026, the Company issued 428,614 shares of common stock at the public offering price of $3.50 per share, less underwriting discounts and commissions, resulting in net proceeds to the Company of $1,410.