1 unchanged sentence
Market Information
−Removed: Our Class A common stock is traded on The Nasdaq Capital Market under the symbol “DRCT,” and our warrants are traded on The Nasdaq Capital Market, under the symbol “DRCTW.”
−Removed: As of April 17, 2023, there are three holders of record of our outstanding Class A common stock.
+Added: Our Class A Common Stock is traded on The Nasdaq Capital Market under the symbol “DRCT.”
+Added: As of October 11, 2024, there were four holders of record of our outstanding Class A Common Stock.
Holders of record are defined as those stockholders whose shares are registered in their names in our stock records.
3 unchanged sentences
We currently anticipate that we will retain all future earnings for the operation of our business and we do not currently intend to pay any cash dividends on our Class A Common Stock in the foreseeable future.
−Removed: Securities Authorized for Issuance Under Equity Compensation Plans
−Removed: Information about our equity compensation plan is incorporated herein by reference to Item 11 “Equity Compensation” of Part III of this Annual Report on Form 10-K.
Unregistered Sales of Equity Securities
Issuer Purchases of Equity Securities
+Added: On August 29, 2023, the Company commenced an offer to purchase (the “Tender Offer”) all of its outstanding publicly traded warrants to purchase shares of its Class A Common Stock at a purchase price of $1.20 in cash, without interest.
+Added: The Tender Offer expired at one minute after 11:59 PM, Eastern Time on September 28, 2023.
+Added: The Company accepted all validly tendered warrants for purchase and settlement on October 2, 2023.
+Added: As a result of the Tender Offer, a total of 2,213,652 warrants were tendered and not validly withdrawn prior to the expiration of the Tender Offer for a total purchase price of approximately $2.7 million.
+Added: On October 23, 2023, the Company distributed a notice of redemption to the registered holders of the remaining outstanding warrants announcing the redemption of those warrants for a cash redemption price of $0.35 per warrant.
+Added: The redemption closed on October 30, 2023, and all remaining 1,004,148 warrants were purchased for an aggregate price of approximately $0.4 million.
+Added: During the three months ended December 31, 2023, purchases of warrants were as follows:
+Added: Total Number of Warrants Purchased as Part of Publicly Announced Plans or Programs
+Added: Approximate Dollar Value of Warrants That May Yet Be Purchased Under the Plans or Programs
+Added: Total Number of
+Added: Warrants Purchased
+Added: Average Price
+Added: Paid per Warrant
+Added: October 1, 2023 through October 31, 2023
+Added: November 1, 2023 through November 30, 2023
+Added: December 1, 2023 through December 31, 2023
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.