9 unchanged sentences
Davidson & Co.
−Removed: The matter is presently scheduled to be heard before a FINRA arbitration panel over six non-consecutive
−Removed: days in the months of April and May 2023.
−Removed: We believe that we have meritorious defenses to any claims that Boustead may assert, and we
−Removed: do not believe that such claims will have a material adverse effect on our business, financial condition or operating results.
−Removed: we have agreed to indemnify D.A.
+Added: The matter is presently scheduled to be heard before a FINRA arbitration panel during the week
+Added: beginning on May 22, 2023.
+Added: We believe that we have meritorious defenses to any claims that Boustead may assert, and we do not believe
+Added: that such claims will have a material adverse effect on our business, financial condition or operating results.
+Added: However, we have agreed
+Added: to indemnify D.A.
Davidson & Co.
−Removed: and the other underwriters who participated in our initial public offering against
−Removed: any liability or expense they may incur or be subject to arising out of the Boustead dispute.
−Removed: In addition, Chenlong Tan, our Chairman,
−Removed: President and Chief Executive Officer and a beneficial owner more than 5% of our common stock, has agreed to reimburse us for any judgments,
−Removed: fines and amounts paid or actually incurred by us or an indemnitee in connection with such legal action or in connection with any settlement
+Added: and the other underwriters who participated in our initial public offering against any liability
+Added: or expense they may incur or be subject to arising out of the Boustead dispute.
+Added: In addition, Chenlong Tan, our Chairman, President and
+Added: Chief Executive Officer and a beneficial owner of more than 5% of our common stock, has agreed to reimburse us for any judgments, fines
+Added: and amounts paid or actually incurred by us or an indemnitee in connection with such legal action or in connection with any settlement
agreement entered into by us or an indemnitee up to a maximum of $3.5 million in the aggregate, with the sole source of funding for such
reimbursement to come from sales of shares then owned by Mr.
−Removed: For further information, see “Risk Factors – Prior to
−Removed: our initial public offering we unilaterally terminated an engagement agreement with Boustead Securities LLC and may be subject to litigation
−Removed: in the event we are not able to come to agreement on the amounts Boustead deems itself to be owed under such agreement ” and
−Removed: “Certain Relationships and Related Transactions” in our Annual Report on Form 10-K filed with the SEC on September 28, 2022.
+Added: For further information, see “Risk Factors – Risks Related
+Added: to Our Business and Products – Prior to our initial public offering in 2021, we unilaterally terminated an engagement agreement
+Added: with Boustead Securities LLC and may be subject to litigation or arbitration in the event we are not able to come to agreement on amounts
+Added: Boustead deems itself to be owed under such agreement.
+Added: ” and “Certain Relationships and Related Transactions” in
+Added: our Annual Report on Form 10-K filed with the SEC on September 28, 2022.
Other than the above, we are
3 unchanged sentences
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.