Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: Our public offering on best efforts basis closed on July 26, 2024 (the “July Offering”)
+Added: The July Offering
The following “Use of Proceeds” information relates to the registration statement on Form S-1 (File Number 333-280743) for the July Offering, which was declared effective by the SEC on July 15, 2024.
5 unchanged sentences
None of the net proceeds we received from the July Offering were paid, directly or indirectly, to any of our directors or officers or their associates, persons owning 10% or more of our equity securities or our affiliates.
−Removed: The net proceeds raised from the July Offering were approximately $1.1 million after offering expenses payable by us.
−Removed: As of the date of this quarterly report, we have not used the proceeds raised from the July Offering.
−Removed: We intend to use the proceeds raised from the July Offering in the manner disclosed in our registration statement on Form S-1 (File Number 333-280743).
+Added: The net proceeds raised from the July Offering were approximately $1.1 million after offering expenses.
+Added: As of the date of this quarterly report, we have used $200,000 from the proceeds raised from the July Offering as the cash consideration for the acquisition of TWEW.
+Added: We intend to use the remaining proceeds raised from the July Offering in the manner disclosed in our registration statement on Form S-1 (File Number 333-280743).
The May Offering
6 unchanged sentences
None of the net proceeds we received from the May Offering were paid, directly or indirectly, to any of our directors or officers or their associates, persons owning 10% or more of our equity securities or our affiliates.
−Removed: The net proceeds raised from the May Offering were approximately $7.4 million after offering expenses payable by us.
+Added: The net proceeds raised from the May Offering were approximately $7.4 million after offering expenses.
As of the date of this quarterly report, we have used approximately $7.2 million for working capital and other general corporate purposes in support of our current business.
5 unchanged sentences
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.