1 unchanged sentence
(a) Market Information
−Removed: Our units, public shares and public warrants are each traded on The Nasdaq Stock Market under the symbols DWACU, DWAC and DWACW, respectively.
+Added: Our units, public shares and public warrants are each traded on The Nasdaq Global Market under the symbols DWACU, DWAC and DWACW, respectively.
Our units commenced public trading on September 3, 2021, and our public shares and public warrants commenced separate public trading on September 30, 2021.
−Removed: On April 11, 2022, there were 6 holders of record of our units, 38 holders of record of our shares of Class A common stock, 23 holders of record of our shares of Class B common stock, and 11 holders of record of our warrants.
+Added: On April 17, 2023, there were 9 holders of record of our units, 100 holders of record of shares of our Class A common stock 24 holders of record of shares of our Class B common stock and 28 holders of record of our warrants.
(c) Dividends
7 unchanged sentences
(f) Use of Proceeds from the Initial Public Offering
−Removed: On September 8, 2021, the Company consummated its initial public offering of 28,750,000 units, including 3,750,000 units issued pursuant to the exercise of the underwriters’ over-allotment option in full, and sold 143,750 representative shares to EF Hutton, a division of Benchmark Investments, LLC, which served as sole book-running manager of the Company’s initial public offering.
−Removed: The securities sold in the offering were registered under the Securities Act on Registration Statement on Form S-1 (No.
−Removed: 333-256472), which was declared effective on September 2, 2021.
−Removed: Each unit consists of one public share and one-half
−Removed: of one public warrant, with each whole public warrant entitling the holder thereof to purchase one public share for $11.50 per share.
−Removed: The units were sold at a price of $10.00 per unit, generating gross proceeds to the Company of $287,500,000.
−Removed: A total of $293,250,000 of the proceeds from the initial public offering (which amount includes $10,062,500 of the underwriters’ deferred discount) and the sale of the private placement warrants, was placed in a U.S.-based trust account, maintained by Continental, acting as trustee.
−Removed: The proceeds held in the trust account may be invested by the trustee only in U.S.
−Removed: government securities with a maturity of 185 days or less or in money market funds investing solely in U.S.
−Removed: government treasury obligations and meeting certain conditions under Rule 2a-7
−Removed: under the Investment Company Act.
−Removed: The Company incurred offering costs of $15,668,029, consisting of deferred underwriting commissions of $10,062,500 , fair value of the representative shares of $1,437,500 and other offering costs of $4,168,029.
+Added: For a description of the use of proceeds generated in our initial public offering and private placement, see Part II, Item 2 of our Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021, as filed with the SEC on November 22, 2021.
+Added: There has been no material change in the planned use of proceeds from our initial public offering and private placement as described in the Registration Statement.
(g) Purchases of Equity Securities by the Issuer and Affiliated Purchasers
+Added: On November 22, 2022, we held the Extension Meeting and our stockholders approved, among other things, an amendment to our amended and restated certificate of incorporation to extend the period of time for the Company to consummate an initial business combination up to four times, each by an additional three months, for an aggregate of 12 additional months (which is from September 8, 2022 up to September 8, 2023) or such earlier date as determined by the Board.
+Added: In connection with the Extension Meeting, stockholders holding 5,658 public shares exercised their right to redeem their shares for a pro rata portion of the funds in our trust account.
+Added: As a result, approximately $58,916 (approximately $10.41 per share) was removed from the trust account to pay such holders.
+Added: Following redemptions, we have 28,745,952 public shares outstanding.
+Added: The following table contains monthly information about the repurchases of our equity securities for the three months ended December 31, 2022:
+Added: dollar value)
+Added: of shares (or
+Added: October 1 – October 31, 2022
+Added: November 1 – November 30, 2022
+Added: December 1 – December 31, 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.