4 unchanged sentences
The closing price of our Common Stock on March 10, 2022 was $8.05 as reported on Nasdaq.
−Removed: Approximately 79.5% of shares of our Common Stock as of March 11, 2021 were held by stockholders that are not affiliates of CIM Commercial.
+Added: Approximately 58.7% of shares of our Common Stock as of March 10, 2022 were held by stockholders that are not our affiliates.
Holders of our Common Stock are entitled to receive dividends, if, as and when authorized by the Board of Directors and declared by us out of legally available funds.
7 unchanged sentences
Equity incentive plan — N/A 49,770
−Removed: Performance Graph
−Removed: The information below is not deemed to be “soliciting material” or to be “filed” with the SEC or subject to Regulation 14A or 14C under the Securities Exchange Act of 1934 (“Exchange Act”) or to the liabilities of Section 18 of the Exchange Act, and will not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act, except to the extent we specifically incorporate it by reference into such a filing.
−Removed: The line graph below compares the percentage change in the cumulative total stockholder return on our Common Stock with the cumulative total return of the S&P 500 and the FTSE NAREIT Equity REIT Index.
−Removed: The FTSE NAREIT Equity REIT Index is a free-float adjusted, market capitalization-weighted index of U.S.
−Removed: Equity REITs.
−Removed: The Index includes all tax-qualified REITs with more than 50 percent of total assets in qualifying real estate assets other than mortgages secured by real property.
−Removed: All returns assume an investment of $100 on December 31, 2015 and the reinvestment of dividends.
−Removed: The stock price performance shown on the graph is not necessarily indicative of future price performance.
−Removed: Cumulative return on $100 invested on December 31, 2015 as of December 31,
−Removed: Index 2015 2016 2017 2018 2019 2020
−Removed: CIM Commercial Trust Corporation $ 100.00 $ 104.77 $ 160.85 $ 131.98 $ 152.95 $ 154.60
−Removed: S&P 500 $ 100.00 $ 111.96 $ 136.40 $ 130.42 $ 171.49 $ 203.04
−Removed: FTSE NAREIT Equity REIT $ 100.00 $ 108.87 $ 118.31 $ 113.50 $ 146.01 $ 138.60
−Removed: SNL Financial LC
Recent Sales of Unregistered Securities and Use of Proceeds
−Removed: On January 21, 2021, we issued to the Operator an aggregate of 96,740 shares of our Series A Preferred Stock as payment, in lieu of cash, for $2,418,500 of asset management fees owed to the Operator under the Investment Management Agreement in respect of the fourth fiscal quarter of the year ended December 31, 2020.
+Added: On November 9, 2021, we issued to the Operator an aggregate of 180,871 shares of our Series A Preferred Stock as payment, in lieu of cash, for $4.5 million of asset management fees owed to the Operator under the Investment Management Agreement for the second and third quarters of 2021.
Such securities were issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.
−Removed: It is likely that we will seek to pay some or part of the asset management fees for part of the year ending December 31, 2021 in shares of Series A Preferred Stock .
+Added: We will pay the asset management fees for the fourth quarter of 2021, and it is likely we will seek to pay some or part of the year ending December 31, 2022 asset management fees, in shares of Series A Preferred Stock .
Shares of Series A Preferred Stock may be redeemed at our option or at the option of the holder for a redemption price payable in cash or shares of Common Stock as described in Note 9 to the consolidated financial statements included in this Annual Report on Form 10-K.
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.