Sales and marketing expenses increased by $0.7 million, or 23%, from $3.2 million for the year ended December 31, 2023 to $3.9 million for the year ended December 31, 2024. This change was primarily due to a $0.2 million increase in temporary services and a $0.1 million increase in personnel related costs, allocations, travel and stock based compensation.

Mar 25, 2025 / receipt, needs a key / Edmund Ching, CFO | earnings call 2025-03-25 | transcript 6f5726da-a8df-4dac-b1d1-6244d1cfc4d0 | chars 7462-7819 | segment 7

Edmond Cheng, the Company’s Chief Financial Officer, from $304,500 to $330,383, effective October 1, 2026. SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

filing / Sep 15, 2026 / receipt

expenses consist of various components not related to R&D or S&M, such as personnel costs, regulatory fees, costs associated with maintaining and filing intellectual property, meals and entertainment expenses, travel expenses, insurance expenses, and other expenditures related to external professional services including legal, engineering, marketing, human resources, audit, and accounting services.

filing / Aug 10, 2026 / receipt

Because a significant portion of our expenses are fixed in the near term or are incurred in advance of anticipated sales, we may not be able to reduce our expenses rapidly enough to offset any unanticipated shortfall in revenue.

filing / Aug 10, 2026 / receipt

We have various operating leases, under which we lease office equipment and office space. The operating leases have various expiration dates through 2028.

filing / Aug 10, 2026 / receipt

Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of June 30, 2026 to provide reasonable assurance that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and for

filing / Aug 10, 2026 / receipt

This delivery method is known as “householding” and can result in meaningful cost savings for us. To take advantage of this opportunity, we may deliver only one proxy statement to multiple stockholders who share an address unless contrary instructions are received prior to the mailing date.

filing / Aug 3, 2026 / receipt

Concord III entered into an Administrative Services Agreement pursuant to which it paid an affiliate of the Sponsor a total of $20,000 per month for office space, administrative and support services.

filing / Aug 3, 2026 / receipt

Accordingly, an affiliate of the Sponsor was paid a total of 578,000 for office space, administrative and support services and will be entitled to be reimbursed for any out-of-pocket expenses.

filing / Aug 3, 2026 / receipt

Our Board consists of two Class I directors - Nelson C. Chan and Dr. Kukjin Chun

filing / Aug 3, 2026 / receipt

two Class I directors - Nelson C. Chan and Dr. Kukjin Chun;

filing / Aug 3, 2026 / receipt

two Class II directors - Robert J. Barker and Hyunsoo Shin;

filing / Aug 3, 2026 / receipt

and three Class III directors - Dr. Kyeongho Lee, John Schlaefer, and Jeff Tuder

filing / Aug 3, 2026 / receipt