Dilution RiskBackstop financing and additional funding needs are likely to cause significant dilution, putting pressure on capital structure and potentially expanding the share count.
Operational And Market RisksRemaining unresolved aircraft details combined with supply chain, technological, competition and market adoption challenges elevate execution and commercial risk ahead of full commercialization.
Testing And Regulatory DelaysSequential regulatory approvals and unfavorable weather have delayed flight testing, increasing execution risk and creating uncertainty around certification timelines.