1 unchanged sentence
Market Information
−Removed: units, Class A ordinary shares and warrants are each traded on the Nasdaq under the symbols “PWUPU,” “PWUP” and
−Removed: “PWUPW,” respectively.
−Removed: Our units commenced public trading on February 18, 2022, and our Class A ordinary shares and warrants
−Removed: commenced public trading separately on April 11, 2022.
−Removed: there are a larger number of beneficial owners, as of
−Removed: February 13, 2024, there was one holder of record of our units, three holders of record of our Class A ordinary shares, no holders
−Removed: of record of our Class B ordinary shares, and one holder of record of our warrants.
−Removed: have not paid any cash dividends on our common stock to date and do not intend to pay cash dividends prior to the completion of our initial
−Removed: business combination.
−Removed: The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements
−Removed: and general financial condition subsequent to completion of our initial business combination.
−Removed: The payment of any cash dividends subsequent
−Removed: to our initial business combination will be within the discretion of our board of directors at such time.
−Removed: In addition, our board of directors
−Removed: is not currently contemplating and does not anticipate declaring any stock dividends in the foreseeable future.
−Removed: Further, if we incur
−Removed: any indebtedness in connection with our initial business combination, our ability to declare dividends may be limited by restrictive
−Removed: covenants we may agree to in connection therewith.
−Removed: Securities Authorized for Issuance Under Equity Compensation Plans
+Added: common stock is listed on the Nasdaq Global Market under the symbol “ASBP.” And our warrants are each traded on Nasdaq under
+Added: of April 7 , 2025, there were approximately
+Added: 48,900,970 stockholders of record of our Common Stock, and approximately 482
+Added: holders of our warrants.
+Added: Since certain of our shares of common stock are held by brokers and other institutions on behalf of
+Added: stockholders, we are unable to estimate the total number of stockholders represented by these record holders.
+Added: have never declared or paid any cash dividends on our common stock.
+Added: We intend to retain any future earnings and do not expect to pay
+Added: cash dividends in the foreseeable future.
Recent Sales of Unregistered Securities
+Added: There were no sales of unregistered securities
+Added: during the fiscal year ended December 31, 2024 other than those transactions previously reported to the SEC on our quarterly reports
+Added: on Form 10-Q and current reports on Form 8-K.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: Use of Proceeds from the Initial Public Offering
−Removed: February 23, 2022, we consummated our initial public offering of 28,750,000 units.
−Removed: Each unit consists of one Class A ordinary share of
−Removed: the Company, par value $0.0001 per share, and one-half of one redeemable warrant of the Company, with each whole warrant entitling the
−Removed: holder thereof to purchase one Class A ordinary share for $11.50 per share.
−Removed: The units were sold at a price of $10.00 per unit, generating
−Removed: gross proceeds to the Company of $287,500,000.
−Removed: Prior to the closing of our initial public offering, the underwriters for our initial
−Removed: public offering exercised their over-allotment option in full, which we announced in a press release issued on February 23, 2022.
−Removed: total of $294,687,500, comprised of the proceeds from the initial public offering after offering expenses and a portion of the
−Removed: proceeds of the sale of the private placement warrants, was placed in the trust account.
−Removed: On May 18, 2023, we held an extraordinary
−Removed: general meeting of shareholders.
−Removed: In connection with this meeting, holders of 26,946,271 Class A ordinary shares properly exercised
−Removed: their right to redeem their shares for cash at a redemption price of approximately $10.55 per share, for an aggregate redemption
−Removed: amount of approximately $284 million.
−Removed: The Company subsequently learned that the per share redemption price for the redemption
−Removed: effected on May 18, 2023 should have been approximately $10.57 per share, which is approximately $0.02 higher than the approximately
−Removed: $10.55 per share previously paid.
−Removed: The Company made a “true-up” payment in the amount of approximately $0.02 per share to
−Removed: the holders of record as of April 19, 2023 that exercised their right to redeem their shares for a pro rata portion of the funds in
−Removed: the trust account.
−Removed: On August 18, 2023, the Company made the true-up payment to the applicable holders in the aggregate amount of
−Removed: As of February 29, 2024, a total of approximately $19.9 million of the net proceeds from our IPO remain in the trust
−Removed: net proceeds of the initial public offering and certain proceeds from the sale of the private placement warrants are held in the trust
−Removed: account and invested as described elsewhere in this Report.
−Removed: has been no material change in the planned use of the proceeds from the initial public offering and the sale of the private placement
−Removed: warrants as is described in our final prospectus related to our initial public offering.
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.