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  "notes": "The slide details liquidity components and mentions a standby equity agreement.",
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      "kind": "paragraph",
      "text": "Liquidity calculation does not reflect projected working capital improvements (which may reduce ABL capacity)",
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      "text": "In July 2022, we entered into a Standby Equity Purchase Agreement, which would allow us to raise approximately $14M (4)",
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      "text": "1. Restricted cash was $8.7M as of June 30, 2023 2. ABL Borrowing capacity is subject to $15M cap on inventory for the first six months of the facility. 3. Structural Debt Facility is subject to a $57M unrestricted cash covenant 4. As of June 30, 2023, average trading price in 2023 of $2.26",
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      "text": "6/30/23 Cash (incl. $9M restricted cash)(1) $90 ABL availability (2) $10 Total Liquidity (3) $100",
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      "text": "Balance Sheet + Available Capital",
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