−Removed: Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
+Added: Market for Registrant’s Common Equity, Related Stockholder
+Added: Matters and Issuer Purchases of Equity Securities
Market Information
−Removed: Our common stock trades on
−Removed: the Nasdaq Stock Market under the symbol “ISPR.”
+Added: Our Common Stock trades on the Nasdaq Stock Market under the symbol
Holders of Record
−Removed: As of August 30, 2023, we had approximately 18 holders of record of our
−Removed: common stock.
−Removed: Because most of our shares of common stock held by persons other than our original stockholders are held by brokers and
−Removed: other institutions on behalf of stockholders, this number is not indicative of the total number of stockholders who beneficially own our
−Removed: Securities Authorized for
−Removed: Issuance under Equity Compensation Plan
+Added: of September 24, 2024, we had approximately 19 holders of record of our Common Stock.
+Added: Because most of our shares of Common Stock held
+Added: by persons other than our original stockholders are held by brokers and other institutions on behalf of stockholders, this number is
+Added: not indicative of the total number of stockholders who beneficially own our stock.
+Added: Dividend Policy
+Added: We have never declared or paid any cash dividends
+Added: on our capital stock.
+Added: We do not anticipate paying cash dividends on our Common Stock in the foreseeable future.
+Added: We currently intend to
+Added: retain all available funds and any future earnings to support our operations and finance the growth and development of our business.
+Added: future determination related to our dividend policy will be made at the discretion of our board of directors and will depend upon, among
+Added: other factors, our results of operations, financial condition, capital requirements, contractual restrictions, business prospects, the
+Added: requirements of current or then-existing debt instruments and other factors our board of directors may deem relevant.
+Added: One of our subsidiaries
+Added: declared a dividend payable to its then sole stockholder, Tuanfang Liu, our co-chief executive officer.
+Added: Certain Relationships
+Added: and Related Transactions, and Director Independence
+Added: Securities Authorized
+Added: for Issuance under Equity Compensation Plan
The following table sets forth information concerning
securities authorized under equity compensation plans as of June 30, 2024.
−Removed: Plan Category
securities to
be issued upon
+Added: options, warrants and rights
Weighted-average
−Removed: granted restricted
−Removed: stock unit awards
+Added: options, warrants and rights
available for
+Added: plans (excluding securities reflected in column (a))
+Added: Plan Category
Equity compensation plans approved by security holders
Equity compensation plans not approved by security holders
−Removed: Dividend Policy
−Removed: We have never declared or paid any cash dividends on our capital
−Removed: We do not anticipate paying cash dividends on our common stock in the foreseeable future.
−Removed: We currently intend to retain all available
−Removed: funds and any future earnings to support our operations and finance the growth and development of our business.
−Removed: Any future determination
−Removed: related to our dividend policy will be made at the discretion of our board of directors and will depend upon, among other factors, our
−Removed: results of operations, financial condition, capital requirements, contractual restrictions, business prospects, the requirements of current
−Removed: or then-existing debt instruments and other factors our board of directors may deem relevant.
−Removed: One of our subsidiaries declared a dividend
−Removed: payable to its then sole stockholder, Tuanfang Liu, our co-chief executive officer.
−Removed: Certain Relationships and Related Transactions,
−Removed: and Director Independence
−Removed: Recent Sales of Unregistered
−Removed: During the period covered by this annual report, we
−Removed: did not issue any securities that were not registered pursuant to the Securities Act that were not previously reported in our SEC filings.
−Removed: We did not repurchase any of our equity securities during the years ended June 30, 2022 or 2023
+Added: (1) Excludes 1,681,822 shares of Common Stock reserved under the 2022 Equity
+Added: Incentive Plan, subject to the issuance of restricted stock units (“RSUs”) and performance stock units (“PSUs”).
+Added: Recent Sales of Unregistered Securities
+Added: There were no unregistered securities to report
+Added: which have not been previously included in a Quarterly Report on Form 10-Q or a Current Report on Form 8-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.