This Amendment No. 1 to the Form 10-K for the fiscal year ended December 31, 2025, provides updated information for Part III (Directors, Executive Officers, and Corporate Governance) and Part IV (Exhibits). The filing does not change previously reported financial results or reflect events occurring after the original March 16, 2026 filing date. The company disclosed significant related party transactions with Simplify Inventions, LLC, which holds a 71.2% stake in the company. The company reduced the maximum principal amount available under the Simplify Loan to $25 million and extended the maturity date to December 1, 2027. A $13.0 million curtailment payment was made on December 31, 2025, to reduce the outstanding principal balance of notes held by Renew Group Private Limited to $97.7 million.