The company entered into a Secured Convertible Loan Agreement with AlpineBrook Capital GP I Limited for a principal amount of $39,922,134.22. The loan refinances existing debt from East West Bank and previous convertible notes, while providing $350,000 in new cash funding. The loan bears a 12% annual interest rate and matures on April 15, 2027, with potential extensions at the lender's discretion. The lender has the right to convert the loan into common stock at $0.08 per share, subject to a 9.99% beneficial ownership limitation. The company issued a warrant to the lender to purchase common stock at $0.08 per share, exercisable for ten years. The company agreed to issue 11,807,380 'Consideration Shares' to the lender in five installments over 25 months.