−Removed: REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY
−Removed: Our common stock is traded on the OTC Markets
−Removed: under the trading symbol “DPLS.” The Company has 20,000,000,000 authorized common shares.
−Removed: The following table sets forth the high and low
−Removed: bid of the Company’s Common Stock for each quarter within the past two completed fiscal years and the current year.
+Added: MARKET FOR REGISTRANT’S
+Added: COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
+Added: Our common stock is traded on the OTC Markets under
+Added: the trading symbol “DPLS.” The Company has 20,000,000,000 authorized common shares.
+Added: The following table sets forth the high and low bid
+Added: of the Company’s Common Stock for each quarter within the past two completed fiscal and the current year.
The information
10 unchanged sentences
The number of shareholders of record of the Company's
−Removed: common stock as of April 11, 2022 was approximately 920.
−Removed: An additional number of stockholders are
−Removed: beneficial holders of our Common Stock in “street name” through banks, brokers and other financial institutions that are the
−Removed: record holders.
+Added: common stock as of June 22, 2023 was 949.
+Added: An additional number of stockholders are beneficial holders
+Added: of our Common Stock in “street name” through banks, brokers and other financial institutions that are the record holders.
We have not paid any cash dividends to date and
3 unchanged sentences
Recent Sales of Unregistered Securities.
−Removed: Equity Finance Agreement with GHS
−Removed: On November 9, 2021,
−Removed: we entered an Equity Financing Agreement with GHS, pursuant to which GHS agreed to purchase up to $30,000,000 in shares of our Common
−Removed: Stock, from time to time over the Contract Period after effectiveness of the Registration Statement of the underlying shares of Common
−Removed: Pursuant to the Equity Financing Agreement, on
−Removed: December 21, 2021, we and GHS agreed that we would issue and sell to GHS, and GHS would purchase from us, 43,777,478 shares of Common
−Removed: Stock for total proceeds to us, net of discounts, of $2,548,326, at an effective price of $0.0696 per share (the “ First EFA
−Removed: We received approximately $2,296,469 in net proceeds from the First EFA Closing after deducting the fees and other
−Removed: estimated offering expenses payable by us.
−Removed: We used the net proceeds from the Second Closing for working capital and for general corporate
−Removed: The shares issued in reliance upon the exemption
−Removed: from securities registration afforded by Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D under the Securities Act,
−Removed: based in part on the representations of the investor.
+Added: On May 27, 2022, we entered into the Equity Financing
+Added: Agreement with GHS (the “ 2022 EFA ”), pursuant to which GHS agreed to purchase up to $70,000,000 in shares of our Common
+Added: Stock, from time to time over the course of 24 months.
+Added: Below is a table of all puts made by the Company under the 2022 EFA
+Added: during the quarter ended December 31, 2022:
+Added: Number of Shares Sold
+Added: Total Proceeds,
+Added: Net of Discounts
+Added: Effective Price per Share
+Added: The shares issued in reliance
+Added: upon the exemption from securities registration afforded by Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D under
+Added: the Securities Act, based in part on the representations of the investor.
There were $125,911 in sales commissions paid to J.H.
−Removed: Darbie & Co., LLC
−Removed: pursuant to this transaction.
+Added: Darbie ”) pursuant to these transactions.
Equity Compensation Plan Information
1 unchanged sentence
authorized for issuance under equity compensation plans.
−Removed: Use of Proceeds
−Removed: S-3 Registration
−Removed: On August 18, 2021,
−Removed: our Registration Statement on Form S-3 (File No.
−Removed: 333-257826) was declared effective by the SEC and the offering was commenced upon effectiveness
−Removed: and is still ongoing as all of the $25,000,000 of offered shares have not been sold and the offering has not been terminated.
−Removed: During the quarter ended
−Removed: December 31, 2021, we sold a total of 51,469,593 shares of Common Stock for gross proceeds of $4,055,000.
−Removed: We paid $58,025 in fees
−Removed: Darbie & Co., Inc.
−Removed: and received net proceeds of $3,996,975.
−Removed: The net proceeds were used to fund our recent acquisitions, to
−Removed: fund the CALTRANS project, and for general working capital.
Issuer Purchases of Equity Securities
−Removed: FINANCIAL DATA
−Removed: Not required for smaller reporting companies.
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.