1 unchanged sentence
Market Information
−Removed: Our Class A common stock and warrants are quoted on the NASDAQ under the symbol “AENT.”
−Removed: Although there are a larger number of beneficial owners, at June 30, 2023, there were 47 holders of record of our Class A common stock and 39 holders of record of our warrants.
−Removed: We have not paid any cash dividends on the Class A common stock to date.
−Removed: We may retain future earnings, if any, for future operations, expansion and debt repayment, and we have no current plans to pay cash dividends for the foreseeable future.
−Removed: Any decision to declare and pay dividends in the future will be made at the discretion of the Board and will depend on, among other things, our results of operations, financial condition, cash requirements, contractual restrictions and other factors that we may deem relevant.
−Removed: We do not anticipate declaring any cash dividends to holders of the Class A common stock in the foreseeable future.
−Removed: Further, our ability to declare dividends may be limited by the terms of financing or other agreements entered by us or our subsidiaries from time to time.
−Removed: Recent Sales of Unregistered Securities;
+Added: Class A common stock and warrants are quoted on the NASDAQ under the symbol “AENT.”
+Added: there are a larger number of beneficial owners, at June 30, 2024, there were [47] holders of record of our Class A common stock and [39]
+Added: holders of record of our warrants.
+Added: have not paid any cash dividends on the Class A common stock to date.
+Added: We may retain future earnings, if any, for future operations, expansion,
+Added: and debt repayment, and we have no current plans to pay cash dividends for the foreseeable future.
+Added: Any decision to declare and pay dividends
+Added: in the future will be made at the discretion of the Board and will depend on, among other things, our results of operations, financial
+Added: condition, cash requirements, contractual restrictions, and other factors that we may deem relevant.
+Added: We do not anticipate declaring any
+Added: cash dividends to holders of the Class A common stock in the foreseeable future.
+Added: Further, our ability to declare dividends may be limited
+Added: by the terms of financing or other agreements entered by us or our subsidiaries from time to time.
+Added: Sales of Unregistered Securities;
Use of Proceeds from Registered Offerings
−Removed: We had no sales of unregistered equity securities during the period covered by this annual report that were not previously reported in a Quarterly Report on Form 10-Q or a Current Report on Form 8-K.
−Removed: On February 11, 2021, we consummated our initial public offering of 11,500,000 units, including 1,500,000 over-allotment units.
−Removed: The units were sold at an offering price of $10.00 per unit, generating total gross proceeds of $115 million.
−Removed: The securities in the offering were registered under the Securities Act on a registration statement on Form S-1 (No.
−Removed: The SEC declared the registration statement effective on February 8, 2021.
−Removed: We paid approximately $1.1 million in underwriting discounts and commissions, including $60,189 in deferred underwriting commissions upon the Closing of the Business Combination, and $5,294,620 for other offering costs related to the initial public offering.
−Removed: Of the gross proceeds received from our initial public offering, the full exercise of the over-allotment option and the sale of private placement warrants in connection with the initial public offering, $116.15 million was placed in a trust account.
−Removed: After deducting payments to existing stockholders of approximately $116.6 million in connection with their exercise of redemption rights, the remaining balance immediately prior to the Closing of approximately $1.7 million remained in the trust account.
−Removed: The remaining amount in the trust account was used to fund the Closing and related transaction expenses.
+Added: had no sales of unregistered equity securities during the period covered by this annual report that were not previously reported in a
+Added: Quarterly Report on Form 10-Q or a Current Report on Form 8-K.
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.