Market For Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
−Removed: (a) Market Information.
+Added: Market Information.
Our common stock trades on the NYSE American under the symbol “BKTI.”
On March 1, 2024, there were 128 holders of record of our common stock.
−Removed: (c) Dividends.
−Removed: We have historically paid quarterly cash dividends.
+Added: During 2022, pursuant to our capital return program, we declared and paid three quarterly dividends.
+Added: The dividends declared in April, June and September 2022 were $0.03 per share.
+Added: The Company announced the indefinite suspension of its quarterly cash dividend program in March 2023.
The declaration and payment of cash dividends, if any, is subject to the discretion of the Board of Directors.
1 unchanged sentence
Past performance is no guarantee of future results.
−Removed: We receive dividends from our wholly owned subsidiary, BK Technologies, Inc., to fund past dividends to our stockholders.
−Removed: (d) Issuer Purchases of Equity Securities.
−Removed: On December 17, 2021, the board authorized a share repurchase program which permits the Company to purchase up to an aggregate of $5 million of its common shares.
+Added: We received dividends from our wholly owned subsidiary, BK Technologies, Inc., to fund past dividends to our stockholders.
+Added: Issuer Purchases of Equity Securities.
+Added: On December 21, 2021, the Company announced that the Board has authorized a share repurchase program which permits the Company to purchase up to an aggregate of $5 million of its common shares.
The program does not have an expiration date.
11 unchanged sentences
December 1–31, 2023
+Added: On January 31, 2023, the Company entered into a sales agreement (the “Sales Agreement”) with ThinkEquity LLC (the “Sales Agent”), relating to the sale of shares of our Common Stock.
+Added: In accordance with the terms of the Sales Agreement, we may offer and sell shares of our Common Stock from time to time up to an aggregate offering price of $15,000,000 through or to the Sales Agent, acting as sales agent or principal.
+Added: After adjusting for the Reverse Stock Split, the number of shares issuable under the terms of the Sales Agreement is 845,070 shares of our Common Stock.
+Added: The Company intends to use the net proceeds from the offering primarily for general corporate purposes, which may include working capital, capital expenditures, operational purposes, strategic investments and potential acquisitions in complementary businesses.
+Added: As of December 31, 2023, the Company sold approximately $50,000.
+Added: On December 27, 2023, the Company notified the Sales Agent that it was terminating the Sales Agreement as of December 29, 2023, as per the terms of the Sales Agreement.
+Added: The Company’s “shelf” registration statement on Form S-3 that was filed with the SEC on December 11, 2020, and amended December 21, 2020, expired on December 29, 2023.
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.