4 unchanged sentences
Holders of Common Stock
−Removed: As of February 23, 2024, there we re 56,073,205 shares of Class A common stock outstanding held of record by 46 stockholders.
+Added: As of February 24, 2025, there were 58,107,893 shares of Class A common stock outstanding held of r ecord by 46 stockholders.
The actual number of holders of Class A common stock is substantially greater and includes stockholders who are beneficial owners and whose shares are held of record by banks, brokers, and other financial institutions.
5 unchanged sentences
Sales of Unregistered Securities
−Removed: During the three months ended December 31, 2023, ACM Research issued, pursuant to the exercise of stock options at a per share exercise price of $0.50 per s hare, an aggrega te of 235,581 shares of Class A common stock that were not registered under the Securities Act of 1933.
+Added: During the three months ended December 31, 2024, ACM Research issued, pursuant to the exercise of stock options at a per share exercise price of $0.50 per s hare, an aggregate of 323,824 shares of Clas s A common stock that were not registered under the Securities Act of 1933.
We believe the offer and sale of those shares were exempt from registration under the Securities Act of 1933 by virtue of Section 4(a)(2) thereof (or Regulation D promulgated thereunder) because they did not involve a public offering.
−Removed: The recipients of the shares acquired the securities for investment only and not with a view to or for sale in connection with any distribution thereof, and appropriate legends were recorded with respect to the shares.
+Added: The recipients of the shares acquired the securities for investment only and not with
+Added: a view to or for sale in connection with any distribution thereof, and appropriate legends were recorded with respect to the shares.
The recipients of the shares were accredited investors under Rule 501 of Regulation D.
11 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.