10 unchanged sentences
Any product using any of our technology may fail to provide the intended therapeutic benefits, or achieve therapeutic benefits equal to or better than the standard of treatment at the time of testing or production.
−Removed: We have a history of operating losses, do not expect to be profitable in the near future.
+Added: We have a history of operating losses, and we do not expect to be profitable in the near future.
We have not generated any profits since our entry into the biotechnology business and have incurred significant operating losses.
332 unchanged sentences
Two of our executive officers and directors can significantly influence our direction and policies, and their interests may be adverse to the interests of our other stockholders.
−Removed: As of December 31, 2023, Dr.
+Added: At December 31, 2024, Dr.
Andrey Semechkin, Chief Executive Officer and Co-Chairman of the Board of Directors, and Dr.
10 unchanged sentences
Additionally, these shares of preferred stock may be converted, at the option of the holders, into common stock at rates that may be adjusted, for the benefit of holders of preferred stock, if we sell equity securities below the then existing conversion prices.
−Removed: adjustments would compound the potential dilution suffered by holders of common stock if we issue additional securities at prices below the current conversion prices (ranging from $0.12 to $9.69 per share as of December 31, 2023).
+Added: Any such adjustments would compound the potential dilution suffered by holders of common stock if we issue additional securities at prices below
+Added: the current conversion prices (ranging from $0.12 to $9.69 per share at December 31, 2024).
Additionally, subject to the consent of the holders of our existing preferred stock, our Board of Directors has the power to issue additional series of preferred stock and to designate, as it deems appropriate (subject to the rights of the holders of the current series of preferred stock), the special dividend, liquidation or voting rights of the shares of those additional series.
25 unchanged sentences
The “penny stock” rules impose additional sales practice requirements on certain broker-dealers who sell securities to persons other than established customers and accredited investors (generally those with assets in excess of $1 million or annual income exceeding $200 thousand or $300 thousand together with their spouse).
−Removed: These regulations, if they apply, require the delivery, prior to any transaction involving a penny stock, of a disclosure schedule explaining the
−Removed: penny stock market and the associated risks.
−Removed: Under these regulations, certain brokers who recommend such securities to persons other than established customers or certain accredited investors must make a special written suitability determination regarding such a purchaser and receive such purchaser’s written agreement to a transaction prior to sale.
+Added: These regulations, if they apply, require the delivery, prior to any transaction involving a penny stock, of a disclosure schedule explaining the penny stock market and the associated risks.
+Added: Under these regulations, certain brokers who recommend such securities to persons other
+Added: than established customers or certain accredited investors must make a special written suitability determination regarding such a purchaser and receive such purchaser’s written agreement to a transaction prior to sale.
These regulations may have the effect of limiting the trading activity of our common stock, reducing the liquidity of an investment in our common stock and increasing the transaction costs for sales and purchases of our common stock as compared to other securities.
27 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.