−Removed: Market for Registrant’s
−Removed: Common Equity, Related Stockholders Matters and Issuer Purchases of Equity Securities
+Added: Market for Registrant’s Common
+Added: Equity, Related Stockholders Matters and Issuer Purchases of Equity Securities
Market Information
−Removed: Our common stock is listed on the Nasdaq Capital
+Added: Our Common Stock is listed on the OTCQB Venture
Market under the symbol “AIEV”.
7 unchanged sentences
paid any cash dividends on our capital stock.
−Removed: We currently intend to retain all available funds and future earnings, if any, for the
−Removed: operation and expansion of our business and do not anticipate declaring or paying any dividends in the foreseeable future.
−Removed: determination related to our dividend policy will be made at the discretion of our board of directors after considering our financial
−Removed: condition, results of operations, capital requirements, business prospects and other factors the board of directors deems relevant, and
−Removed: subject to the restrictions contained in any financing instruments.
−Removed: Our ability to declare dividends may also be limited by restrictive
−Removed: covenants pursuant to any other future debt financing agreements.
+Added: We currently intend to retain all available funds and future earnings, if any, for the operation
+Added: and expansion of our business and do not anticipate declaring or paying any dividends in the foreseeable future.
+Added: Any future determination
+Added: related to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results
+Added: of operations, capital requirements, business prospects and other factors the board of directors deems relevant, and subject to the restrictions
+Added: contained in any financing instruments.
+Added: Our ability to declare dividends may also be limited by restrictive covenants pursuant to any
+Added: other future debt financing agreements.
Recent Sales of Unregistered Equity Securities
2 unchanged sentences
working capital loans into 263,600 working capital units, which include 263,600 shares of common stock, par value $0.0001 per share, 263,600
−Removed: 263,600 warrants, each of which may be exercised into one share of common stock of the Company, and 263,600 rights, each of which
−Removed: entitles the holder to receive one-tenth of one share of common stock of the Company at the closing of the Business Combination.
−Removed: Company issued 289,960 shares of common stock to the Sponsor on June 21, 2024.
+Added: warrants, each of which may be exercised into one share of common stock of the Company, and 263,600 rights, each of which entitles
+Added: the holder to receive one-tenth of one share of common stock of the Company at the closing of the Business Combination.
+Added: The Company issued
+Added: 289,960 shares of common stock to the Sponsor on June 21, 2024.
In connection with the Business
12 unchanged sentences
The Company raised
−Removed: an aggregated proceeds of $946,800 from these private placements.
+Added: aggregated proceeds of $946,800 from these private placements.
On July 2, 2024, the sellers purchased and the Company issued additional
1 unchanged sentence
made a prepayment shortfall of $150,000.
−Removed: On August 20, 2024, the
−Removed: Company entered into a Common Stock Purchase Agreement (the “Purchase Agreement”) and a Registration Rights Agreement (the
−Removed: “Registration Rights Agreement”) with Westwood Capital Group LLC, a Delaware limited liability company (“Westwood”),
−Removed: pursuant to which Westwood has committed to purchase, subject to certain limitations, up to $100 million of the Company’s common
−Removed: stock, par value $0.0001 per share (the “Total Commitment”).
−Removed: In addition, the Company has agreed to pay Westwood a commitment
−Removed: fee valued at $1,500,000 in the form of 150,000 shares of common stock (the “Commitment Shares”) or an amount of cash (up
−Removed: to $1,500,000), depending on various factors.
−Removed: Pursuant to the Purchase Agreement, the Company issued 150,000 shares of the Company’s
−Removed: stock as commitment shares to Westwood.
Issuer Purchases of Equity Securities
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.