UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: In June 2022, we issued 9,295 shares of preferred stock to 74 employees for services rendered.
−Removed: The issuance of the preferred stock to 66 of the employees was exempt from registration under Regulation S promulgated under the Securities Act of 1933 as amended (the “Securities Act”), because the shares were issued outside of the United States to non-US persons (as defined in Regulation S).
−Removed: The issuance to eight employees who are US persons was exempt under Section 4(a)(2) of the Securities Act.
−Removed: The US persons are knowledgeable, sophisticated and experienced in making investment decisions of this kind and received adequate information about us or had adequate access, including through their business relationship with us, to information about us.
−Removed: In June 2022, we also issued 309 shares of preferred stock to two employees for cash at a price of $8.73 per share.
−Removed: The issuance of the preferred stock to one employee was exempt from registration under Regulation S promulgated under the Securities Act because the shares were issued outside of the United States to non-US persons (as defined in Regulation S).
−Removed: One employee is a US person and the issuance of such shares to him was exempt under Section 4(a)(2) of the Securities Act.
−Removed: The US person is knowledgeable, sophisticated and experienced in making investment decisions of this kind and received adequate information about us or had adequate access, including through the employee's business relationship with us, to information about us.
+Added: In July 2022, we issued 2,755 shares of preferred stock to 20 employees for cash at a price of $8.73 per share.
+Added: The issuance of the preferred stock to sixteen employees was exempt from registration under Regulation S promulgated under the Securities Act because the shares were issued outside of the United States to non-US persons (as defined in Regulation S).
+Added: Four employees are US persons and the issuance of such shares to them was exempt under Section 4(a)(2) of the Securities Act.
+Added: The US persons is knowledgeable, sophisticated and experienced in making investment decisions of this kind and received adequate information about us or had adequate access, including through the employee's business relationship with us, to information about us.
Exhibit Description
+Added: Procurement of and Operating Agreement for a Sea Water Desalination Plant at Red Gate Water Works, Grand Cayman, Cayman Islands, using the Reverse Osmosis Process (2021), effective as of May 10, 2022, by and between The Water Authority of the Cayman Islands and Ocean Conversion (Cayman) Limited
Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer
9 unchanged sentences
Cover Page Interactive Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
+Added: * Portions of the exhibit have been omitted pursuant to Item 601 of Regulation S-K, as such information both (i) is not material and (ii) would be competitively harmful if publicly disclosed, and will be furnished on a supplemental basis to the Securities and Exchange Commission upon request.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
5 unchanged sentences
(Principal Financial and Accounting Officer)
−Removed: August 11, 2022
+Added: November 14, 2022
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.