​ Except as set forth below, there have been no material changes in our risk factors from those disclosed in the Company’s 2025 Annual Report on Form 10-K. The risk factors disclosed in the 2025 Annual Report on Form 10-K, in addition to the other information set forth in this Quarterly Report, could materially affect our business, financial condition, or results. ​ The announcement and pendency of our proposed acquisition by Parent could adversely impact our business, financial condition, and results of operations. ​ On July 23, 2026, we entered into the Merger Agreement. Uncertainty about the effect of the Merger on our employees, customers, and other parties may have an adverse effect on our business, financial condition, and results of operations regardless of whether the Merger is completed. These risks to our business include the following, all of which could be exacerbated by a delay in the completion of the Merger: ​ ● the impairment of our ability to attract, retain, and motivate our employees, including key personnel; ​ ● the diversion of significant management time and resources toward the completion of the Merger; ​ ● difficulties maintaining relationships with customers and business partners; ​ ● delays or deferments of certain business decisions by our customers and business partners; ​ ● the inability to pursue alternative business opportunities or make appropriate changes to our business because the Merger Agreement requires us to use commercially reasonable efforts to carry on its business in the ordinary course of business and preserve intact its material business organization and existing relationships; ​ ● litigation relating to the Merger and the costs related thereto; and ​ ● the incurrence of significant costs, expenses, and fees for professional services and other transaction costs in connection with the Merger. ​ The completion of the Merger is subject to certain closing conditions, including stockholder approval and certain regulatory conditions, which may not be satisfied on a timely basis or at all, and the failure to consummate the Merger within the expected timeframe or at all could adversely impact our business, financial condition, and results of operations. ​ The obligations of the Company, Parent and Merger Subsidiary to consummate the transactions contemplated by the Merger Agreement are subject to the satisfaction or waiver of a number of conditions, including the approval by holders of a majority of the voting power of the Company’s outstanding shares of common stock. In addition, the Merger is subject to the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, as well as certain other regulatory approvals. The relevant governmental entities may impose requirements, limitations, costs or place restrictions on the conduct of our or Parent’s business following the Merger as a condition to approval or not grant approval at all. ​ Other conditions that must be satisfied or waived before one or more of the parties will be obligated to consummate the Merger are: (1) the accuracy of the other party’s representations and warranties, subject to certain materiality standards set forth in the Merger Agreement; (2) compliance by the other party in all material respects with 45 Table of Contents such other party’s obligations under the Merger Agreement; (3) the absence of any law or order prohibiting consummation of the Merger in specified jurisdictions in which the Company, Parent or their respective subsidiaries have business operations; and (4) in the case of Parent’s and Merger Subsidiary’s obligation to consummate the Merger, a condition that there has not occurred a material adverse effect on the Company since the date of the Merger Agreement that is continuing. ​ We can provide no assurance that the closing conditions will be fulfilled (or waived, if applicable) in a timely manner or at all, and, if all closing conditions are timely fulfilled (or waived, if applicable), we can provide no assurance as to the terms, conditions, and timing of the completion of the Merger. Many of the conditions to completion of the Merger are not within either our, Parent’s or Merger Subsidiary’s control, and we cannot predict when or if these conditions will be fulfilled (or waived, if applicable). ​ The Merger Agreement also includes termination provisions for both the Company and Parent. If the Merger Agreement is terminated under specified circumstances, the Company may be required to pay Parent a termination fee of $46.2 million, and if the Merger Agreement is terminated under certain circumstances, including a failure to timely receive required regulatory approvals, Parent may be required to pay the Company a termination fee equal to $111.8 million. ​ There can be no assurance that a remedy will be available to us in the event of a breach of the Merger Agreement by Parent or its affiliates or that we will wholly or partially recover for any damages incurred by us in connection with the Merger. A failed transaction may result in negative publicity and a negative impression of us among our customers or in the investment community or business community generally. Further, any disruptions to our business resulting from the announcement and pendency of the Merger, including any adverse changes in our relationships with our stockholders, customers, suppliers, lenders, partners, officers, employees, governmental entities, and other third parties could continue or accelerate in the event of a failed transaction. In addition, if the Merger is not completed, and there are no other parties willing and able to acquire the Company at a price of $105.00 per share or higher, on terms acceptable to us, the share price of the Company’s common stock may decline to the extent that the current market price of the common stock reflects an assumption that the Merger will be completed. ​ Also, we will incur significant costs, expenses, and fees for professional services and other transaction costs in connection with the Merger, for which we will have received little or no benefit if the Merger is not completed. Some of these fees and costs will be payable by us even if the Merger is not completed and may relate to activities that we would not have undertaken other than to complete the Merger. ​ For additional information related to the Merger Agreement, please refer to our Current Report on Form 8-K filed with the SEC on July 24, 2026 (the “July 24 Form 8-K”). The foregoing description of the Merger Agreement is qualified in its entirety by reference to the full text of the Merger Agreement attached as Exhibit 2.1 to the July 24 Form 8-K. ​ Lawsuits may be filed against us or our directors or officers challenging the transactions contemplated by the Merger Agreement or the Merger, which could prevent or delay the completion of the Merger or result in the payment of damages. ​ Litigation relating to the Merger may be filed against us or our directors or officers. Among other remedies, claimants could seek damages and/or to enjoin the Merger and the other transactions contemplated by the Merger Agreement. An adverse ruling in any such lawsuit may delay or prevent the proposed Merger from being completed. Any such actions may create uncertainty relating to the Merger and may be costly and distracting to our management. ​ If the Merger is not consummated for any reason, litigation could be filed in connection with the failure to consummate the Merger. ​ ​ ​ 46 Table of Contents