Overview
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- TickerSNFI on OTC1
- IndustryMotor Vehicles & Passenger Car Bodies1
- HeadquartersNew York, New York1
- Incorporated inDE2
- Business address1700 Broadway, 19Th Floor, New York, Ny 100192
- Filer categoryNon-accelerated filer, Smaller reporting company2
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APA”) and outsource manufacturing of the Endurance to Foxconn under a contract manufacturing agreement (the “CMA”).3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2023
Where the money goes
Where each dollar of revenue went, fiscal 2023
- Cost of revenue51¢$91.5M
- Research and development19¢$33.3M
- Selling, general and admin30¢$54.4M
Out of $2.3M in revenue.46 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Selling, general and administrative expenses | $6.8M | $12.9M |
| Legal settlement and litigation benefit, net | -$3.0M | -$6.0M |
| Reorganization items | $4.0M | |
| Total operating expense, net | $3.8M | $10.9M |
| Loss from operations | -$3.8M | -$10.9M |
| Other income (expense), net | $16.0K | -$251.0K |
| Realized gain on debt securities available for sale | $1.3M | $257.0K |
| Investment and interest income | $1.8M | $2.8M |
| Loss before income taxes | -$619.0K | -$8.1M |
| Net loss | -$619.0K | -$8.1M |
| Less accrued preferred stock dividend | $2.9M | $2.7M |
| Net loss attributable to common shareholders | -$3.5M | -$10.8M |
| Unrealized (loss) gain on debt securities available for sale | -$1.1M | $666.0K |
| Total comprehensive loss attributable to common shareholders | -$4.6M | -$10.2M |
| Basic | -$0.22 | -$0.67 |
| Diluted | -$0.22 | -$0.67 |
| Basic | 16.1M shares | 16.1M shares |
| Diluted | 16.1M shares | 16.1M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-07-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $34.4M | $23.1M | ||
| Short-term investments | $4.7M | $6.4M | ||
| Short-term investments, restricted | $5.1M | $23.4M | $60.7M | |
| Prepaid insurance | $317.0K | $208.0K | ||
| Other current assets | $176.0K | $139.0K | ||
| Total current assets | $44.8M | $53.2M | ||
| Loan receivable | $2.2M | |||
| Total assets | $47.0M | $53.2M | ||
| Accounts payable | $464.0K | $136.0K | ||
| Accrued legal and professional | $401.0K | $721.0K | ||
| Accrued expenses and other current liabilities | $126.0K | $207.0K | ||
| Total current liabilities | $991.0K | $1.1M | ||
| Liabilities subject to compromise | $5.0M | $9.9M | $29.9M | |
| Total liabilities | $6.0M | $10.9M | ||
| Additional paid in capital | $1.2B | $1.2B | ||
| Accumulated other comprehensive (loss) income | -$408.0K | $666.0K | ||
| Accumulated deficit | -$1.2B | -$1.2B | ||
| Total stockholders equity | $2.6M | $6.8M | $13.5M | |
| Total liabilities, mezzanine equity and stockholders equity | $47.0M | $53.2M |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2023-07-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $34.4M | $23.1M | ||
| Short-term investments | $4.7M | $6.4M | ||
| Short-term investments, restricted | $5.1M | $23.4M | $60.7M | |
| Prepaid insurance | $317.0K | $208.0K | ||
| Other current assets | $176.0K | $139.0K | ||
| Total current assets | $44.8M | $53.2M | ||
| Loan receivable | $2.2M | |||
| Total assets | $47.0M | $53.2M | ||
| Accounts payable | $464.0K | $136.0K | ||
| Accrued legal and professional | $401.0K | $721.0K | ||
| Accrued expenses and other current liabilities | $126.0K | $207.0K | ||
| Total current liabilities | $991.0K | $1.1M | ||
| Liabilities subject to compromise | $5.0M | $9.9M | $29.9M | |
| Total liabilities | $6.0M | $10.9M | ||
| Additional paid in capital | $1.2B | $1.2B | ||
| Accumulated other comprehensive (loss) income | -$408.0K | $666.0K | ||
| Accumulated deficit | -$1.2B | -$1.2B | ||
| Total stockholders equity | $2.6M | $6.8M | $13.5M | |
| Total liabilities, mezzanine equity and stockholders equity | $47.0M | $53.2M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$619.0K | -$8.1M |
| Stock-based compensation | $432.0K | $3.5M |
| Realized gain on debt securities available for sale | -$1.3M | -$257.0K |
| Accretion of investment income | -$604.0K | |
| Prepaid insurance and other assets | -$146.0K | $4.7M |
| Accounts payable | $328.0K | -$797.0K |
| Accrued legal and professional | -$320.0K | -$12.1M |
| Accrued expenses and other current liabilities and liabilities subject to compromise | -$5.0M | -$22.0M |
| Net cash used in operating activities | -$7.2M | -$35.1M |
| Purchase of short-term investments | -$29.2M | -$38.8M |
| Maturities of short-term investments | $50.0M | $10.0M |
| Issuance of loan receivable | -$2.2M | |
| Net cash provided by (used in) investing activities | $18.6M | -$28.8M |
| Tax withholding payments related to net settled restricted stock compensation | -$106.0K | |
| Net cash used in financing activities | -$106.0K | |
| Net change during the period | $11.3M | -$64.0M |
| Cash paid for reorganization items | $30.6M |
No quarter-by-quarter statement was filed.
Corporate structure
Stark Novus Financial Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Stark Novus Financial Inc.
- Stephen S. Burns Filed SC 13D/A on Stark Novus Financial Inc., latest Jun 21, 2023 (8 filings since Nov 19, 2021)
- Hon Hai Precision Ind. Co., Ltd. Filed SC 13D/A on Stark Novus Financial Inc., latest May 3, 2023 (2 filings since Nov 17, 2022)
- BlackRock Filed SC 13G/A on Stark Novus Financial Inc., latest Apr 6, 2023 (2 filings since Feb 3, 2023)
- VANGUARD GROUP INC Filed SC 13G/A on Stark Novus Financial Inc., latest Feb 9, 2023 (2 filings since Feb 10, 2022)
- Workhorse Group Filed SC 13G/A on Stark Novus Financial Inc., latest Feb 14, 2022
- FMR LLC Filed SC 13G/A on Stark Novus Financial Inc., latest Feb 9, 2022
- Stark Novus Financial Inc. New York, New York
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Stark Novus Financial Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $34.4M5 Dec 31, 2025 | $23.1M5 Dec 31, 2024 | +49.1% |
| Marketable securities, current | $4.7M5 Dec 31, 2025 | $6.4M5 Dec 31, 2024 | −25.9% |
| Debt securities available for sale | $9.8M5 Dec 31, 2025 | $29.7M5 Dec 31, 2024 | −67.0% |
Properties, in its own words
The Company does not own any properties.
Item 2 of the 10-K filed Mar 26, 2026.3
Leadership
Who has led Stark Novus Financial Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
- Chief executive officerAlexander C. Matina Jan 6, 2026 to now13
- Chief executive officerEdward T. Hightower Aug 16, 2022 to Mar 18, 202414
- Chief executive officerDavid T. Hamamoto Feb 27, 2019 to Mar 20, 201915
- ChairAngela Strand Boydston Jun 15, 2021 to Jun 15, 202116
- ChairDavid T. Hamamoto Feb 27, 2019 to Mar 20, 201915
- PresidentEdward T. Hightower Nov 29, 2021 to Mar 18, 202417
- PresidentPhil Richard Schmidt Dec 21, 2020 to Jun 15, 202118
- Chief financial officerRebecca A. Roof Jun 21, 2021 to Jun 21, 202119
- Chief financial officerAdam B. Kroll Oct 25, 2021 to Mar 18, 202420
- Chief financial officerJulio C. Rodriguez Oct 26, 2020 to Feb 9, 202121
- Chief financial officerKyriakos Mihalitsis Feb 27, 2019 to Feb 27, 201922
- Chief operating officerJane Ritson-Parsons Jun 21, 2021 to Jun 21, 202123
- Chief operating officerJohn Lafleur Oct 26, 2020 to Oct 26, 202024
Board members and other officers (30)
- OfficerWilliam C. Gallagher Mar 25, 2024 to Mar 25, 202425
- EVP, GEN. COUNSEL & SECRETARYMelissa A. Leonard Jan 4, 2022 to Mar 18, 202426
- EVP, CHIEF COMMERCIAL OFFICERJane Ritson-Parsons Jun 15, 2022 to Jun 15, 202227
- Vice President of Business DevCaimin Flannery Oct 26, 2020 to Feb 9, 202128
- Vice President of PropulsionChuan D. Vo Oct 26, 2020 to Feb 1, 202229
- Vice President of EngineeringDarren Post Oct 26, 2020 to Jun 15, 202130
- Chief Production OfficerPhil Richard Schmidt Oct 26, 2020 to Oct 26, 202031
- Chief Production OfficerShane Brown Nov 23, 2020 to Jun 15, 202132
- Board memberPaul W. Burkett Jul 7, 2026 to now33
- Board memberAlexander C. Matina Mar 25, 2024 to now34
- Board memberAlexandre Zyngier Mar 25, 2024 to now35
- Board memberMichael J. Wartell Mar 25, 2024 to now36
- Board memberNeil Weiner Mar 28, 2024 to now37
- Board memberAndrew L. Sole Apr 1, 2024 to now38
- Board memberLaura J. Soave May 23, 2022 to May 22, 202339
- Board memberJoseph B. Anderson Jr. May 24, 2022 to May 22, 202340
- Board memberEdward T. Hightower Aug 16, 2022 to Mar 18, 202414
- Board memberAngela Strand Boydston Oct 26, 2020 to Mar 18, 202441
- Board memberDale Gene Spencer Oct 26, 2020 to Mar 18, 202442
- Board memberDavid T. Hamamoto Oct 26, 2020 to Mar 18, 202443
- Board memberJane Reiss Oct 26, 2020 to Mar 18, 202444
- Board memberKeith A. Feldman Oct 26, 2020 to Mar 18, 202445
- Board memberMartin Rucidlo Oct 26, 2020 to May 23, 202246
- Board memberMichael Gates Oct 26, 2020 to May 23, 202247
- Board memberMickey W. Kowitz Oct 26, 2020 to Feb 9, 202148
- Board memberAndrew C. Richardson Feb 27, 2019 to Feb 27, 201949
- Board memberJudith A. Hannaway Feb 27, 2019 to Feb 27, 201950
- Board memberMark A. Walsh Feb 27, 2019 to Mar 20, 201951
- Board memberSteven R. Hash Feb 27, 2019 to Feb 27, 201952
- General counselThomas Vincent Canepa Oct 26, 2020 to Jun 15, 202153
Former names
Timeline
- Sep 30, 20268-K Financial statements and exhibits54
- Sep 1, 20268-K Executive or director change55
- Aug 24, 20268-K Entered a material agreement56
- Jul 21, 20268-K Completed an acquisition or sale; Bylaws or fiscal year changed; Other events57
- Jun 30, 20268-K Executive or director change58
- Jun 4, 20268-K Entered a material agreement; Unregistered sale of shares59
- Jan 23, 20268-K Entered a material agreement; Other events60
- Jan 6, 2026New chief executive Alexander C. Matina becomes CEO13
- Dec 16, 20258-K Executive or director change; Bylaws or fiscal year changed; Shareholder vote61
- Nov 17, 20258-K Other events62
- Sep 26, 20258-K Entered a material agreement; Executive or director change63
- May 16, 20248-K Other events64
- Apr 18, 20248-K Change of auditor65
- Aug 16, 2022New chief executive Edward T. Hightower becomes CEO14
- Feb 27, 2019New chief executive David T. Hamamoto becomes CEO15
Calendar
When it reported results
- Mar 6, 2023Reported quarterly or annual results66
- Nov 8, 2022Reported quarterly or annual results67
- Aug 4, 2022Reported quarterly or annual results68
- May 9, 2022Reported quarterly or annual results69
- Feb 28, 2022Reported quarterly or annual results70
- Nov 12, 2021Reported quarterly or annual results71
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
279 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 67 major events, 103 insider forms, 16 large holders, 71 other. The latest 20:
- Sep 30, 20268-K/A EDGAR
- Sep 16, 2026ARS EDGAR
- Sep 16, 2026DEFA14A EDGAR
- Sep 16, 2026DEF 14A EDGAR
- Sep 1, 20268-K EDGAR
- Aug 28, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 26, 20264 EDGAR
- Aug 24, 20268-K EDGAR
- Aug 20, 20264 EDGAR
- Aug 14, 202610-Q EDGAR
- Jul 21, 20268-K EDGAR
- Jul 7, 20263 EDGAR
- Jun 30, 20268-K EDGAR
- Jun 4, 20268-K EDGAR
- May 15, 202610-Q EDGAR
- Apr 29, 202610-K/A EDGAR
- Mar 26, 202610-K EDGAR
- Feb 18, 20264 EDGAR
- Jan 23, 20268-K EDGAR
The 279 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
51 open-market trades by officers, directors and large owners since October 2021: 38 buys and 13 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | ZYNGIER ALEXANDREDirector | Buy | 232 | $1.72 | $399 | Form 4 |
| Aug 27, 2026 | ZYNGIER ALEXANDREDirector | Buy | 10,308 | $1.70 | $17.5K | Form 4 |
| Aug 26, 2026 | ZYNGIER ALEXANDREDirector | Buy | 108 | $1.56 | $168 | Form 4 |
| Aug 25, 2026 | ZYNGIER ALEXANDREDirector | Buy | 1,822 | $1.70 | $3.1K | Form 4 |
| Aug 25, 2026 | ESOPUS CREEK VALUE SERIES FUND LP - SERIES ADirector | Buy | 9,000 | $1.83 | $16.5K | Form 4 |
| Aug 24, 2026 | ZYNGIER ALEXANDREDirector | Buy | 5,000 | $1.73 | $8.6K | Form 4 |
| Aug 21, 2026 | ZYNGIER ALEXANDREDirector | Buy | 704 | $1.69 | $1.2K | Form 4 |
| Aug 20, 2026 | ZYNGIER ALEXANDREDirector | Buy | 10,000 | $1.73 | $17.3K | Form 4 |
| Aug 19, 2026 | ZYNGIER ALEXANDREDirector | Buy | 465 | $1.71 | $795 | Form 4 |
| Aug 18, 2026 | ZYNGIER ALEXANDREDirector | Buy | 1,840 | $1.70 | $3.1K | Form 4 |
| Feb 13, 2026 | Wartell Michael J.Director | Buy | 6,548 | $1.59 | $10.4K | Form 4 |
| Dec 17, 2025 | ESOPUS CREEK VALUE SERIES FUND LP - SERIES ADirector | Buy | 23,213 | $1.48 | $34.4K | Form 4 |
| Dec 16, 2025 | ESOPUS CREEK VALUE SERIES FUND LP - SERIES ADirector | Buy | 16,787 | $1.41 | $23.7K | Form 4 |
| Nov 25, 2025 | ZYNGIER ALEXANDREDirector | Buy | 2,328 | $1.33 | $3.1K | Form 4 |
| Nov 21, 2025 | ZYNGIER ALEXANDREDirector | Buy | 30,000 | $1.34 | $40.2K | Form 4 |
| Nov 21, 2025 | Wartell Michael J.Director | Buy | 28,405 | $1.42 | $40.3K | Form 4 |
| Nov 20, 2025 | Wartell Michael J.Director | Buy | 21,595 | $1.42 | $30.7K | Form 4 |
| Nov 19, 2025 | Wartell Michael J.Director | Buy | 50,000 | $1.37 | $68.5K | Form 4 |
| Nov 19, 2025 | ZYNGIER ALEXANDREDirector | Buy | 47,096 | $1.36 | $64.1K | Form 4 |
| Nov 19, 2025 | ESOPUS CREEK VALUE SERIES FUND LP - SERIES ADirector | Buy | 8,000 | $1.45 | $11.6K | Form 4 |
All 51 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Stephen S. BurnsSC 13D/A, 8 filings Nov 19, 2021 to Jun 21, 202372
- Hon Hai Precision Ind. Co., Ltd.SC 13D/A, 2 filings Nov 17, 2022 to May 3, 202373
- BlackRockSC 13G/A, 2 filings Feb 3, 2023 to Apr 6, 202374
- VANGUARD GROUP INCSC 13G/A, 2 filings Feb 10, 2022 to Feb 9, 202375
- Workhorse GroupSC 13G/A, 1 filing Feb 14, 202276
- FMR LLCSC 13G/A, 1 filing Feb 9, 202277
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Alexander Matina | 50 | $109.5K | $311.2K78 |
| 2025 | William Gallagher | $261.1K | $261.1K78 | |
| 2024 | Former Chief Executive OfficerPresident, Secretary, and Treasurer | $564.2K | $564.2K78 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Horizon Financial Services, LLC | 133 | $254 | 0.0% | No change |
| Huntington National Bank | 93 | $178 | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Stark Novus Financial Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARStark Novus Financial Inc.1
- CIK0001759546
- Employer ID (EIN)83-25332393
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inDelaware3
- Fiscal year endsDecember 311
- Industry code (SIC)3711 Motor Vehicles & Passenger Car Bodies1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address1700 Broadway, 19Th Floor, New York, NY 100191
- Phone212-202-22001
- Shares outstanding16,289,293 as of Aug 14, 202610
- Public float$20.2M as of Jun 30, 20253
- AuditorBDO USA, P.C., Troy, Michigan PCAOB ID 243; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceNov 21, 20181
- Filings476 in all: 4 (139), 8-K (90), 424B3 (43), 3 (40), 10-Q (23), SC 13G (14), SC 13G/A (14), DEFA14A (13)1
All 38 form types
CORRESP (10), EFFECT (9), SC 13D/A (9), UPLOAD (8), 10-K (7), DEF 14A (6), POS AM (6), S-1/A (5), 8-K/A (4), PRE 14A (4), 10-K/A (3), 25-NSE (3), ARS (3), S-1 (3), PRER14A (2), S-3 (2), S-8 (2), SC 13D (2), 3/A (1), 4/A (1), 424B4 (1), 424B5 (1), 8-A12B (1), CERT (1), DEFM14A (1), DRS (1), NT 10-Q (1), PREM14A (1), SD (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Mar 26, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Sep 16, 2026
Latest 8-K (8-K) Sep 1, 2026
Risk factors and legal proceedings
The risks Stark Novus Financial Inc. names in Item 1A of its 10-K filed Mar 26, 2026: 30 risks under these headings, as written.3
- Risks Related to our Business and Financial Condition
- We have limited revenues, operations, and assets, which makes it difficult to evaluate our future business prospects and there is a risk we may exhaust the capital resources we had when we emerged from bankruptcy.
- Our only material assets are cash on hand, short-term investments, the loans receivable with Foxpoint Florida, the claims asserted in the Foxconn Litigation, claims that the Company may have against other parties, and NOLs.
- The Company’s actual financial results following our emergence from bankruptcy is not comparable to the Company’s historical financial information.
- We depend on our Board of Directors and newly appointed management to continue navigating our emergence from the Chapter 11 Cases and contribute to our ability to realize future value of our remaining assets, and if we are unable to attract, retain, manage, and appropriately compensate our officers and Board of Directors, our ability to meet our financial reporting obligations, achieve our anticipated operating costs, and to realize value from our remaining assets and litigation claims could be adversely affected.
- We depend on the efforts of consultants and professional service providers to execute our business plan, operations and internal controls, and if we lose their services, our business may be severely disrupted.
- Our Board of Directors may change our business plan and strategy without stockholder approval, which could alter the nature of your investment.
- The Company’s ability to use some or all of its NOLs to offset future income or realize any potential value may be limited.
- The Internal Revenue Service could challenge the amount, timing and/or use of our NOL carryforwards.
- Our loans receivable are subject to certain risks, which could materially adversely affect our financial position, results of operations and cash flows.
- We are or may be subject to risks associated with business combinations, strategic alliances, joint ventures, or acquisitions.
- Our public shareholders may not be afforded an opportunity to vote on a proposed business combination.
The other 19 risks
- Despite having emerged from bankruptcy, we continue to be subject to the risks and uncertainties associated with residual Chapter 11 bankruptcy proceedings.
- Cyber incidents or attacks directed at us or disruptions to our information systems could result in information theft, data corruption, operational disruption, financial loss and/or reputational damage.
- Our loans receivable may be classified as investment securities under the Investment Company Act of 1940.
- Risks Relating to Claims, Regulation and External Events
- The expenses and awards, if any, attributable to the Foxconn Litigation is uncertain, and no assurances can be provided that our claims against Foxconn will be successful or that we will recover any damages as a result thereof.
- We face risks and uncertainties related to ongoing and potential future litigation and claims, as well as regulatory actions and government investigations and inquiries, for which we will continue to incur significant legal costs and may be subject to significant uninsured losses.
- We have streamlined our operations following our emergence from the Chapter 11 Cases but legal expenses may remain high.
- Changes in our operations following our emergence from bankruptcy have reduced our need to maintain insurance coverage at previous levels or to carry certain insurance policies, which could make us subject to potential losses and unexpected liabilities if there were to be a material loss or an adverse judgment or settlement in any one or more of our ongoing legal matters that are not insured which could significantly exceed our ability to pay, which could have a material adverse effect on the Company.
- The amount of allowed claims could exceed our estimates, which could have a material adverse effect on our financial condition, results of operations and prospects.
- Changes in laws or regulations, or a failure to comply with any laws and regulations, or any litigation that we may be subject to or involved in may adversely affect our business, prospects and results of operations.
- We are subject to risks related to health epidemics and pandemics, and natural and man-made disasters, which have and may in the future adversely affect our business and financial condition.
- Risks Related to Our Securities and Being a Public Company
- Our Class A common stock trades on an over-the-counter market.
- Trading in our Class A common stock is highly speculative and poses substantial risks.
- In order to protect our ability to utilize our NOLs, our charter includes certain transfer restrictions with respect to our stock, which may limit the liquidity of our Class A common stock.
- Our Preferred Stock ranks senior to our Class A common stock, which may adversely affect holders of our Class A common stock.
- We may issue additional shares of preferred stock or additional shares of Class A common stock, and sales of a substantial number of additional shares of our securities would dilute the interest of our stockholders and could cause the price of our Class A common stock to decline.
- Our charter documents and Delaware law could prevent a takeover that stockholders consider favorable and could also reduce the market price of our stock.
- Failure to maintain an effective internal control over financial reporting may cause our investors to lose confidence in our financial and other reports.
- Rule 144 will not be available for the resale of our Class A common stock.
- Securities or industry analysts will likely not publish research or reports about us, and the price and trading volume of our Class A common stock could be impaired as a result.
Legal proceedings
For a description of our legal proceedings, see Note 8 - Commitments and Contingencies of the Notes to the Consolidated Financial Statements.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 16SEC EDGARAngela Strand Boydston, Chair
- 17SEC EDGAREdward T. Hightower, President
- 18SEC EDGARPhil Richard Schmidt, President
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- 25SEC EDGARWilliam C. Gallagher, Officer
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- 33SEC EDGARPaul W. Burkett, Board member
- 34SEC EDGARAlexander C. Matina, Board member
- 35SEC EDGARAlexandre Zyngier, Board member
- 36SEC EDGARMichael J. Wartell, Board member
- 37SEC EDGARNeil Weiner, Board member
- 38SEC EDGARAndrew L. Sole, Board member
- 39SEC EDGARLaura J. Soave, Board member
- 40SEC EDGARJoseph B. Anderson Jr., Board member
- 41SEC EDGARAngela Strand Boydston, Board member
- 42SEC EDGARDale Gene Spencer, Board member
- 43SEC EDGARDavid T. Hamamoto, Board member
- 44SEC EDGARJane Reiss, Board member
- 45SEC EDGARKeith A. Feldman, Board member
- 46SEC EDGARMartin Rucidlo, Board member
- 47SEC EDGARMichael Gates, Board member
- 48SEC EDGARMickey W. Kowitz, Board member
- 49SEC EDGARAndrew C. Richardson, Board member
- 50SEC EDGARJudith A. Hannaway, Board member
- 51SEC EDGARMark A. Walsh, Board member
- 52SEC EDGARSteven R. Hash, Board member
- 53
- 54SEC EDGARFinancial statements and exhibits
- 55SEC EDGARExecutive or director change
- 56SEC EDGAREntered a material agreement
- 57
- 58SEC EDGARExecutive or director change
- 59
- 60
- 61
- 62SEC EDGAROther events
- 63
- 64SEC EDGAROther events
- 65SEC EDGARChange of auditor
- 66
- 67
- 68
- 69
- 70
- 71
- 72
- 73
- 74
- 75
- 76
- 77
- 78