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Subsequent Events
9 Months Ended
Sep. 30, 2024
Subsequent Events  
Subsequent Events

17. Subsequent Events

Mujin Electronics Co., Ltd.

In October 2024, the Company executed an amendment with Mujin Electronics Co., Ltd. to extend the maturity date of KRW 5.0 billion ($3.7 million) loan from January 2025 to June 2025.

i Best Investment Co., Ltd

In October 2024, the Company executed an amendment with i Best Investment Co., Ltd. to extend the maturity date from February 2025 to May 2025 for its sixth draw.

Historical Convertible Promissory Notes

In October 2024, the Company repaid one of the convertible promissory notes that was issued in 2017 with a principal amount of $1.0 million.

Purchase Agreement

In October 2024, the Company sold 103,596 shares of its common stock for gross proceeds of $0.3 million received by the Company in cash.

Kyeongho Lee, Related Party

In November 2024, the Company entered into a term loan agreement with Kyeongho Lee, a member of the Company’s board of directors, pursuant to which the Company borrowed KRW 4.0 billion ($2.9 million). The loan has a maturity date of December 31, 2024 and bears an annual interest rate of 12.0%.