9 unchanged sentences
Davidson & Co.
−Removed: The matter is presently scheduled to be heard before a FINRA arbitration panel during the week
−Removed: beginning on May 22, 2023.
−Removed: We believe that we have meritorious defenses to any claims that Boustead may assert, and we do not believe
−Removed: that such claims will have a material adverse effect on our business, financial condition or operating results.
−Removed: However, we have agreed
−Removed: to indemnify D.A.
−Removed: Davidson & Co.
−Removed: and the other underwriters who participated in our initial public offering against any liability
−Removed: or expense they may incur or be subject to arising out of the Boustead dispute.
−Removed: In addition, Chenlong Tan, our Chairman, President and
−Removed: Chief Executive Officer and a beneficial owner of more than 5% of our common stock, has agreed to reimburse us for any judgments, fines
−Removed: and amounts paid or actually incurred by us or an indemnitee in connection with such legal action or in connection with any settlement
−Removed: 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
−Removed: reimbursement to come from sales of shares then owned by Mr.
−Removed: For further information, see “Risk Factors – Risks Related
−Removed: to Our Business and Products – Prior to our initial public offering in 2021, we unilaterally terminated an engagement agreement
−Removed: 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
−Removed: Boustead deems itself to be owed under such agreement.
−Removed: ” and “Certain Relationships and Related Transactions” in
−Removed: our Annual Report on Form 10-K filed with the SEC on September 28, 2022.
+Added: The matter is presently scheduled to hold its evidentiary hearing before a FINRA arbitration panel
+Added: during the first two weeks of March 2024.
+Added: The actual FINRA arbitration, however, has been postponed and, as a result, a date for the FINRA
+Added: arbitration hearing has not yet been set.
+Added: The Company and its special litigation counsel are in the process of preparing for the hearing.
+Added: We believe that we have meritorious defenses to any claims that Boustead may assert, and we do not believe that such claims will have
+Added: a material adverse effect on our business, financial condition, or operating results.
+Added: However, we have agreed to indemnify D.A.
+Added: and the other underwriters who participated in our initial public offering against any liability or expense they may incur or
+Added: be subject to arising out of the Boustead dispute.
+Added: In addition, Chenlong Tan, our Chairman, President, and Chief Executive Officer and
+Added: a beneficial owner of more than 5% of our common stock, has agreed to reimburse us for any judgments, fines and amounts paid or actually
+Added: incurred by us or an indemnitee in connection with such legal action or in connection with any settlement agreement entered into by us
+Added: 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
+Added: sales of shares then owned by Mr.
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.