5 unchanged sentences
We currently intend to retain all available funds and future earnings, if any, for the operation and expansion of our business, and any authorized share repurchases and do not anticipate declaring or paying any dividends in the foreseeable future.
−Removed: Any future determination related to our dividend policy will be made at the discretion of our board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the board of directors deems relevant.
+Added: Any future determination related to our dividend policy will be made at the discretion of our Board after considering our financial condition, results of operations, capital requirements, contractual requirements, business prospects and other factors the Board deems relevant.
In addition, the terms of our current credit facilities contain restrictions on our ability to declare and pay dividends under certain limited circumstances.
2 unchanged sentences
The Company did not sell any equity securities during the three months and year ended December 31, 2024 that were not registered under the Securities Act.
−Removed: The following table provides information regarding repurchases of our common stock during the three months ended December 31, 2023:
−Removed: Total Number of Shares Purchased
−Removed: Average Price Paid Per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
−Removed: Approximate Dollar Value of Shares That May be Purchased Under the Plans or Programs
−Removed: (In millions)
−Removed: October 1, 2023 - October 31, 2023
−Removed: November 1, 2023 - November 30, 2023
−Removed: December 1, 2023 - December 31, 2023
−Removed: 30,000 $25.78 30,000 $39.2
−Removed: ( 1 ) On October 30, 2023, the Company's Board of Directors approved a share repurchase program ("Program") authorizing the Company to repurchase up to $40 million of Common Stock.
+Added: On October 30, 2023, the Company's Board approved a share repurchase program ("Program") authorizing the Company to repurchase up to $40 million of common stock.
Shares of common stock may be repurchased under the Program from time to time through open market purchases, block trades, private transactions or accelerated or other structured share repurchase programs.
2 unchanged sentences
The Program has no time limits, and may be suspended or discontinued at any time.
−Removed: During the year ended December 31, 2023, the Company repurchased 30,000 shares at a cost of $0.8 million under this program.
+Added: During the years ended December 31, 2024 and 2023, the Company repurchased 504,246 shares at a cost of $12.0 million, and 30,000 shares at a cost of $0.8 million under the Program, respectively.
+Added: Approximately $27.2 million remained available for future purchases under the Program as of December 31, 2024.
Performance Graph
The following graph illustrates the total return from October 22, 2021 through December 31, 2024, for (i) our common stock, (ii) the Russell 2000 Index, (iii) the NASDAQ Composite Index, and (iv) the NASDAQ US Smart Food & Beverage Index.
−Removed: The graph assumes that $100 was invested on October 22, 2021 in our common stock, the Russell 2000
−Removed: Index, the NASDAQ Composite Index, and the NASDAQ US Smart Food & Beverage Index, and that any dividends were reinvested.
+Added: The graph assumes that $100 was invested on October 22, 2021 in our common stock, the Russell 2000 Index, the NASDAQ Composite Index, and the NASDAQ US Smart Food & Beverage Index, and that any dividends were reinvested.
The graph assumes our closing sales price on October 22, 2021 of $13.95 per share as the initial value of our common stock and not the initial offering price to the public of $15.00 per share.
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.