Item 2 Properties.
−Removed: Our corporate headquarters are located in Miramar, Florida.
−Removed: We currently occupy approximately 12,250 square feet of space under a lease that expired on February 28, 2022.
−Removed: Effective March 1, 2022, we entered into a new lease for the same location with a term that will expire on February 28, 2024.
−Removed: We use these facilities for research and development laboratories and facilities for manufacturing research-grade materials, as well as offices for all the Company’s employees, including clinical development, research, development, quality control, quality assurance, regulatory affairs, and administration.
−Removed: We are actively seeking an appropriate new location in the Miramar area that has approximately 40,000 –
−Removed: 60,000 square feet of space for our employee offices, laboratories, and manufacturing facilities.
−Removed: We continue to plan to move to our new location by the end of 2023.
+Added: On August 15, 2022, the Company purchased a 36,000 square foot building located in Miramar, Florida, as our new headquarters.
+Added: We will use the new facility for research and development laboratories and facilities for manufacturing, as well as offices for our employees, including clinical development, research, development, quality control, quality assurance, regulatory affairs, and administration.
+Added: The Company is in the process of refitting the building for our purposes.
+Added: Our relocation to the new headquarters is anticipated during 2024, although we may choose to delay the completion date to, among other reasons, extend our cash runway.
+Added: We continue to occupy approximately 12,250 square feet of space in Miramar, Florida under a lease that expires on February 29, 2024, which we believe is sufficient to meet our current and near-term needs.
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.