32 unchanged sentences
This has enabled us to continue sales to the law enforcement market while using our ecommerce and dealership channels to offer professional quality chemical irritant self-defense spray to the consumer market under the name Byrna Bad Guy Repellent™.
−Removed: On January 10, 2023, we created a new joint venture with Fusady S.A., an affiliate of Bersa S.A.
−Removed: (“Fusady”) located in Uruguay, to expand our operations and presence in South American markets.
−Removed: We hold 51% of the stock in the joint venture entity, Byrna LATAM S.A.
−Removed: (“Byrna LATAM”), and the remaining 49% of stock in Byrna LATAM is held by Fusady.
+Added: In January 2023, we acquired a 51% ownership interest in Byrna LATAM S.A.
+Added: (“Byrna LATAM”), a corporate joint venture formed to expand our operations and presence in South American markets.
+Added: On August 19, 2024, we sold our 51% ownership interest to Fusady S.A., an affiliate of Bersa S.A.
+Added: (“Fusady”) for $1 (the “LATAM Share Purchase Agreement”) and entered into an exclusive distribution, manufacturing and licensing agreement with Byrna LATAM (the “LATAM Licensing Agreement”).
+Added: See Note 6 , "Investment in Joint Venture" for additional information.
We offer a range of .68 caliber projectiles for different applications.
68 unchanged sentences
We are also subject to the rules and regulations of the U.S.
−Removed: Bureau of Alcohol, Tobacco, Firearms and Explosives (“BATF”), and various state and international agencies that regulate the manufacture, export, import, distribution and sale of ammunition and explosives.
+Added: BATF, and various state and international agencies that regulate the manufacture, export, import, distribution and sale of ammunition and explosives.
Such regulations may adversely affect demand for our products by imposing limitations that increase the costs or limit the availability of our products.
24 unchanged sentences
We believe that our employee relations are good, and that our human capital meets the needs of our business.
−Removed: None of our employees is represented by a collective bargaining agreement and we have never experienced any work stoppage.
+Added: None of our employees are represented by a collective bargaining agreement and we have never experienced any work stoppage.
Our future performance depends significantly upon the continued service of our key engineering, technical and senior management personnel, and our continued ability to attract and retain skilled employees.
13 unchanged sentences
On April 27, 2021, we effected a 10-for-1 reverse stock split of our common stock (the “Reverse Stock Split”) with exercise prices for our outstanding warrants and stock options appropriately adjusted.
−Removed: On January 10, 2023, we created a new joint venture with Fusady S.A., an affiliate of Bersa S.A.
−Removed: (“Fusady”) located in Uruguay, to expand our operations and presence in South American markets.
−Removed: We hold 51% of the stock in the joint venture entity, Byrna LATAM S.A.
−Removed: (“Byrna LATAM”), and the remaining 49% of stock in Byrna LATAM is held by Fusady.
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.