6 unchanged sentences
The Company's Board of Directors (“Board”) intends, for the foreseeable future, to retain any earnings to finance the continued operation and expansion of the Company's business.
−Removed: On June 30, 2017, the Company filed an S-3 Registration Statement with the SEC primarily for the purposes of raising capital to support is research, development and intellectual property projects.
−Removed: The registration statement became effective on July 20, 2017.
−Removed: A prospectus supplement to the Form S-3 Registration Statement was filed December 4, 2017 which stated that up to $7,000,000 of funds would be raised from time to time under the Form S-3 Registration Statement through an At Market Issuance Sales Agreement (“ATM”) with B.
−Removed: Riley, FBR, acting as the agent for these transactions.
−Removed: As of May 31, 2020, a total of approximately $6,997,935 in gross proceeds had been raised under this prospectus supplement.
−Removed: On March 20, 2020, the Company filed a second prospectus supplement to the base prospectus dated July 20, 2017 for purposes of raising up to $12,500,000 from time to time pursuant to the terms of the ATM.
−Removed: As of May 31, 2020, a total of $6,817,329 in gross proceeds had been raised under this prospectus supplement.
−Removed: No additional shares will be sold under this prospectus supplement.
−Removed: On July 21, 2020, the Company filed with the SEC a new “Shelf” registration statement on Form S-3 to replace the registration statement that expired the day before.
−Removed: The new registration statement registers common shares to be issued in a maximum aggregate amount of $90,000,000.
−Removed: Our shares of common stock may be sold from time to time under this registration statement once it is declared effective.
+Added: We did not sell any unregistered equity securities during the year ended May 31, 2021.
We did not purchase any of our shares of common stock or other securities during our fiscal year ended May 31, 2021.
4 unchanged sentences
(Excluding those Reflected in
−Removed: First Column)
+Added: Second Column)
+Added: Securities Plan
Number of Securities to be
2 unchanged sentences
Compensation Plans
−Removed: Weighted-Average Exercise
−Removed: Price of Outstanding Options
+Added: Weighted-Average
+Added: Exercise Price of
+Added: Outstanding Options
Equity compensation
−Removed: Plans approved
−Removed: by Securities holders
−Removed: There were no sales of unregistered equity securities during the year ended May 31, 2020 except as described in Note 5-Shareholders’ Equity- of the Consolidated Financial Statements.
+Added: Plans approved by
+Added: Securities holders
SELECTED FINANCIAL DATA
1 unchanged sentence
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.