Filing excerpt
The primary driver for the increase in cash used in investing activities for the six months ended June 30, 2026, as compared to the six months ended June 30, 2025, was the increase in cash used to purchase property and equipment of $28.8 million and a reduction of grants to offset purchases of $7.2 million. Starlab capital investment accounted for $8.1 million of the increase in cash used for purchases of property and equipment, net of grants, with the remaining utilized for increasing manufacturing capacity.