1 unchanged sentence
Market Information
−Removed: Our common stock began trading
−Removed: on The NASDAQ Capital Market under the symbol “ALZN” on June 15, 2021.
−Removed: Prior to that date, there was no public trading market
−Removed: for our common stock.
+Added: Our common stock is listed
+Added: on The NASDAQ Capital Market under the symbol “ALZN”.
Holders of Record
−Removed: As of July 19, 2022, there were approximately
−Removed: 133 stockholders of record of our common stock.
−Removed: The actual number of stockholders is greater than this number of record holders and includes
−Removed: stockholders who are beneficial owners but whose shares are held in street name by brokers and other nominees.
−Removed: This number of holders
−Removed: of record also does not include stockholders whose shares may be held in trust or by other entities.
+Added: As of July 24, 2023, there were approximately 119 stockholders of record
+Added: of our common stock.
+Added: The actual number of stockholders is greater than this number of record holders and includes stockholders who are
+Added: beneficial owners but whose shares are held in street name by brokers and other nominees.
+Added: This number of holders of record also does not
+Added: include stockholders whose shares may be held in trust or by other entities.
Dividend Policy
−Removed: have never declared or paid any cash dividends on our capital stock, and we do not currently intend to pay any cash dividends on our capital
−Removed: stock in the foreseeable future.
−Removed: We currently intend to retain all available funds and any future earnings to support operations and to
−Removed: finance the growth and development of our business.
−Removed: Any future determination to pay dividends will be made at the discretion of our Board
−Removed: of Directors subject to applicable laws and will depend upon, among other factors, our results of operations, financial condition, contractual
−Removed: restrictions and capital requirements.
−Removed: Our future ability to pay cash dividends on our capital stock may be limited by any future debt
−Removed: instruments or preferred securities.
+Added: We have never declared or
+Added: paid any cash dividends on our capital stock, and we do not currently intend to pay any cash dividends on our capital stock in the foreseeable
+Added: We currently intend to retain all available funds and any future earnings to support operations and to finance the growth and
+Added: development of our business.
+Added: Any future determination to pay dividends will be made at the discretion of our Board of Directors subject
+Added: to applicable laws and will depend upon, among other factors, our results of operations, financial condition, contractual restrictions
+Added: and capital requirements.
+Added: Our future ability to pay cash dividends on our capital stock may be limited by any future debt instruments
+Added: or preferred securities.
Equity Compensation Information
−Removed: The information
−Removed: required by this item regarding equity compensation plans is incorporated by reference to the information set forth in Item 12 of
−Removed: this Annual Report on Form 10-K.
+Added: The information required
+Added: by this item regarding equity compensation plans is incorporated by reference to the information set forth in Item 12 of this Annual
+Added: Report on Form 10-K.
Recent Sales of Unregistered Securities
−Removed: April 26, 2022, we issued and sold 2,666,667 shares of our common stock to Digital Power Lending, LLC (“DPL”) for $4 million,
−Removed: or $1.50 per share, and issued to DPL warrants to acquire 1,333,333 shares of its common stock with an exercise price of $3.00 per share
−Removed: pursuant to the March 12, 2021 securities purchase agreement.
−Removed: Use of Proceeds
−Removed: June 15, 2021, we issued and sold 2,875,000 shares of our common stock in the initial public offering (“IPO”) at a public
−Removed: offering price of $5.00 per share, resulting in net proceeds of $12.9 million after deducting underwriting discounts and commissions and
−Removed: offering expenses paid by us.
−Removed: has been no material change in our planned use of the net proceeds from our IPO as described in our final prospectus filed pursuant to
−Removed: Rule 424(b)(4) under the Securities Act with the SEC.
−Removed: As of April 30, 2022, we have used $6.8 million of the net proceeds from the IPO.
+Added: Purchases of Equity Securities by the Issuer
+Added: and Affiliated Purchasers
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.