11 unchanged sentences
to pending claims and litigation.
−Removed: Group, LLC et al.
−Removed: Ensysce Biosciences, Inc., et al., Los Angeles County Superior Court, Case Number 21 STCV25585
−Removed: July 2021, following the Merger, the Company’s former financial advisor, Del Morgan Group, LLC and Globalist Capital, LLC (together,
−Removed: “ Plaintiffs ”) filed an action against the Company and its Chief Executive Officer (together, “ Defendants ”)
−Removed: alleging that the common stock and warrants (together, “ Securities ”) issued to Plaintiffs in satisfaction of its advisory
−Removed: fee should have been registered and the Securities immediately tradeable.
−Removed: The Plaintiffs asserted various causes of action in furtherance
−Removed: of their claims.
−Removed: The Plaintiffs were seeking registered and freely tradeable Securities and damages arising from their inability to trade
−Removed: the Securities, which Plaintiffs asserted are in the millions of dollars.
−Removed: The Defendants believed there were meritorious defenses to
−Removed: 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 the Company’s Form S-1 Registration Statement.
−Removed: In addition, 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: In 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 Form S-1 Registration Statement.
−Removed: On October 6, 2021, the Superior Court dismissed
−Removed: with prejudice the case filed on July 12, 2021 by the Plaintiffs, following effectiveness of the Resale Registration Statement filed
−Removed: on August 9, 2021 and amended on September 22, 2021.
+Added: As of the date hereof, we are not a party to any material legal proceeding.
Mine Safety Disclosures
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.