There have been no material changes, except as noted below, in the quantitative and qualitative market risk disclosures included in the 2025 10-K. We are also exposed to interest rate risk through our senior secured term loan, which bears interest at floating rates based on changes in the SOFR. Rising interest rates could increase our cost of debt, reduce cash available for operations, and have a material adverse effect on our business and financial condition. As of June 30, 2026, a 100-basis-point increase or decrease in SOFR would not have a significant impact on our interest expense. 42