4 unchanged sentences
Interest Rate Risk
−Removed: The Company maintains a revolving promissory note and a term loan note with Live Oak Bank, referred to as the “Live Oak Revolving Note” and the “Live Oak Term Loan Note”, respectively.
−Removed: The Live Oak Revolving Note is a variable rate instrument with a per annum interest rate equal to the prime rate as quoted in the Wall Street Journal (the “Prime Rate”), plus two percentage points (2.00%).
−Removed: Additionally, the Live Oak Term Loan Note has a per annum interest rate equal to the Prime Rate, plus three percentage points (3%).
+Added: The Company maintains a revolving line of credit with Live Oak Bank.
+Added: The Live Oak Bank line of credit is a variable rate instrument with a per annum interest rate equal to the prime rate as quoted in the Wall Street Journal (the “Prime Rate”), plus two percentage points (2.75%).
Rising interest rates would increase our interest expense in the future.
Such additional cost would need to be funded out of existing cash or additional financing.
−Removed: Future increase in interest rates are not
−Removed: expected to materially impact our Company’s liquidity.
−Removed: The Company has no other debt obligations tied to the Prime Rate, Secured Overnight Financing Rate (“SOFR”), or London Interbank Offered Rate (“ LIBOR”).
+Added: Future increase in interest rates are not expected to materially impact our Company’s liquidity.
+Added: The Company has no other debt obligations tied to the Prime Rate, Secured Overnight Financing Rate, or London Interbank Offered Rate.
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.