6 unchanged sentences
and “AGBAR,” respectively.
−Removed: After the completion of the Business Combination, the
−Removed: post-combination company has been renamed “AGBA Group Holding Limited” and its ordinary shares and warrants began trading
−Removed: on the Nasdaq Capital Market on November 15, 2022 under the ticker symbols “AGBA” and “AGBAW,” respectively.
+Added: After the completion of the Business Combination, the post-combination company has been renamed
+Added: “AGBA Group Holding Limited” and its ordinary shares and warrants began trading on the Nasdaq Capital Market on November 15,
+Added: 2022 under the ticker symbols “AGBA” and “AGBAW,” respectively.
Holders of Record
−Removed: after giving effect to the Business Combination, we had 58,376,985 ordinary shares issued and outstanding, and 4,825,000 warrants outstanding.
−Removed: As of March 10, 2023, there were approximately 19 registered holders of record of our ordinary shares and one registered holder of record
−Removed: of our warrants.
+Added: As of December 31, 2023, we had 68,661,998 ordinary shares issued and outstanding,
+Added: and 4,825,000 warrants outstanding.
+Added: As of March 26, 2024, there were 21 registered holders of record of our ordinary shares and two registered
+Added: holder of record of our warrants.
Such numbers do not include beneficial owners holding our securities through nominee names.
−Removed: The actual number of holders
−Removed: of our ordinary share and warrants may be greater than our record holders.
+Added: number of holders of our ordinary share and warrants may be greater than our record holders.
We have not paid any cash dividends on our ordinary
6 unchanged sentences
and will depend on our results of operations, financial condition, capital requirements and other factors that our board may deem relevant.
−Removed: Purchases of Equity
−Removed: Securities by the Issuer and Affiliated Purchasers
−Removed: There were no purchases
−Removed: of equity securities by the issuer or affiliated purchasers, as defined in Rule 10b-18(a) (3) the Securities Exchange Act of 1934,
−Removed: during the fourth quarter of our fiscal year ended December 31, 2022.
−Removed: Sale of Unregistered Securities and Use of Proceeds
−Removed: There have been no other
−Removed: unregistered sales of equity securities during the year ended December 31, 2022, which have not been previously disclosed on a Current
−Removed: Report on Form 8-K.
+Added: Purchases of Equity Securities by the Issuer
+Added: and Affiliated Purchasers
+Added: There were no purchases of equity securities by
+Added: the issuer or affiliated purchasers, as defined in Rule 10b-18(a) (3) the Securities Exchange Act of 1934, during our fiscal year
+Added: ended December 31, 2023.
+Added: On November 7, 2023, we entered into private placement binding term sheets with an institutional investor,
+Added: our Chief Executive Officer, Mr.
+Added: Ng Wing Fai, and our management team pursuant to which we will receive gross proceeds of approximately
+Added: $5,128,960, in consideration of (i) 7,349,200 ordinary shares of our ordinary shares, and (ii) warrants to purchase up to 1,469,840 ordinary
+Added: shares at a purchase price of $0.70 per ordinary share and associated warrants.
+Added: As of December 31, 2023, the Company received the proceeds
+Added: of $1,850,310.
+Added: The Company has not completed the shares issuance as of the date of this annual report.
+Added: On April 18, 2023, our Board of Directors approved
+Added: the repurchase of 1,000,000 ordinary shares (the “2023 Share Repurchase Program”).
+Added: Under the 2023 Share Repurchase Program,
+Added: we are authorized to re-purchase up to 1,000,000 ordinary shares at a maximum price of $10 per share from the open market, for a term
+Added: of one year, no later than April 18, 2024.
+Added: of Unregistered Securities and Use of Proceeds
+Added: There have been no other unregistered sales of
+Added: equity securities during the year ended December 31, 2023, which have not been previously disclosed on a Current Report on Form 8-K.
Authorized for Issuance under Equity Compensation Plans
−Removed: The following table provides information as of December 31, 2022 with
−Removed: respect to the shares of the Company’s ordinary shares that may be issued under the AGBA Group Holding Limited Share Award Scheme.
+Added: The following table provides information as of
+Added: December 31, 2023 with respect to the shares of the Company’s ordinary shares that may be issued under the AGBA Group Holding Limited
+Added: Share Award Scheme.
Plan Category
−Removed: Number of securities to be issued upon exercise of outstanding options, warrants and rights (a)
−Removed: Weighted average exercise price of outstanding options, warrants and rights (b)
−Removed: Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c)
+Added: Number of securities to be issued
+Added: upon exercise of outstanding options, warrants and rights
+Added: Weighted average
+Added: exercise price of outstanding options, warrants and rights
+Added: Number of securities remaining available
+Added: for future issuance under equity compensation plans (excluding securities reflected in column
Equity compensation plans approved by security holders
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Performance Graph
−Removed: We are a “smaller
−Removed: reporting company,” as defined by Item 10(f)(1) of Regulation S-K, and therefore are not required to provide the information
−Removed: required by paragraph (e) of Item 201 of Regulation S-K.
+Added: We are a “smaller reporting company,”
+Added: as defined by Item 10(f)(1) of Regulation S-K, and therefore are not required to provide the information required by paragraph (e)
+Added: of Item 201 of Regulation S-K.
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.