11 unchanged sentences
to pending claims and litigation.
−Removed: July 2021, following the Business Combination with LACQ, our former financial advisor, Del Morgan Group, LLC and Globalist Capital, LLC
−Removed: (together, “ Plaintiffs ”) filed an action against us and our Chief Executive Officer (together, “ Defendants ”)
−Removed: alleging that the Common Stock and Common Stock Warrants (together, “ Securities ”) issued to Plaintiffs in satisfaction
−Removed: of its advisory fee should have been registered and the Securities immediately tradeable.
−Removed: The Plaintiffs asserted various causes of action
−Removed: in furtherance of their claims.
−Removed: The Plaintiffs are seeking registered and freely tradeable Securities and damages arising from their
−Removed: inability to trade the Securities, which Plaintiffs assert are in the millions of dollars.
−Removed: The Defendants believe there are meritorious
−Removed: defenses to the Plaintiffs claims, and possible counterclaims.
−Removed: August 3, 2021, the Plaintiffs and Defendants entered into a Settlement Agreement and Mutual General Release whereby Plaintiffs would
−Removed: have their Common Stock, and the Common Stock underlying their Warrants registered on our Resale Registration Statement.
−Removed: the Warrants would be modified to allow for cashless exercise and to reduce the exercise price from $11.50/share to $10.00/share.
−Removed: consideration for this, both Parties agreed to release the other from any past, present or future claims.
−Removed: In addition, the Plaintiffs
−Removed: agreed to immediately stay the proceedings and inform the Superior Court of a conditional settlement and to dismiss the lawsuit with
−Removed: prejudice five days following the effectiveness of the Resale Registration Statement.
−Removed: effectiveness of the Form S-1 Registration Statement, upon Plaintiffs application to the Superior Court on October 5, 2021, the Superior
−Removed: Court dismissed the case with prejudice on October 6, 2021.
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.