First, we restated Q3 after a material weakness in goodwill-impairment controls. Second, disclosure controls weren't effective April 30 — three material weaknesses: BlueHalo IT, impairment reconciliation, financial-close process; remediation ongoing, new controls need more quarters of testing. Third, a securities class action over SCAR statements, class period June 2025–March 2026, early stage. CFO changed from Kevin McDonnell to Sean Woodward. We disclosed proactively. I'm holding myself accountable more than anyone.
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China's new export controls on lithium-ion batteries, materials, and equipment sit suspended until at least November 2026. For those of us keeping score: the drone supply chain's U.S.-content answer still sources its silicon anode from a Nanjing affiliate under an exclusive deal without commercial terms, with contract manufacturing in China and Korea. An $18.1 million DIU contract requires qualifying non-China sources. We're racing to become the domestic battery we're marketed as. That's okay.