22 unchanged sentences
● limitations on our capital structure;
−Removed: limitations on the issuance of debt and equity securities,
−Removed: restrictions on acquisitions of interests in partner companies;
+Added: ● limitations on the issuance of debt and equity
+Added: ● restrictions on acquisitions of interests in
+Added: partner companies;
● prohibitions on transactions with affiliates;
−Removed: prohibitions on the issuance of options and other limitations on our ability to compensate key employees;
+Added: ● prohibitions on the issuance of options and
+Added: other limitations on our ability to compensate key employees;
● certain governance requirements,
● restrictions on specific investments;
−Removed: reporting, record-keeping, voting and proxy disclosure requirements.
+Added: ● reporting, record-keeping, voting and proxy
+Added: disclosure requirements.
In the event that we were to be deemed to be an
8 unchanged sentences
● assets consisting solely of cash and cash equivalents;
−Removed: assets consisting of any amount of cash and cash equivalents and nominal other assets.
+Added: ● assets consisting of any amount of cash and
+Added: cash equivalents and nominal other assets.
Our consolidated balance sheet reflects that our
assets consist primarily of cash and cash equivalents and investments in U.S.
−Removed: Treasury Bills.
−Removed: Accordingly, we are a shell company.
−Removed: securities rules prohibit shell companies from using a Form S-8 registration statement to register securities pursuant to employee compensation
−Removed: plans and from utilizing Form S-3 for the registration of securities for so long as the Company is a shell company and for 12 months thereafter.
+Added: Treasury Bills and mutual funds.
+Added: Accordingly, we are a shell
+Added: Applicable securities rules prohibit shell companies from using a Form S-8 registration statement to register securities pursuant
+Added: to employee compensation plans and from utilizing Form S-3 for the registration of securities for so long as the Company is a shell company
+Added: and for 12 months thereafter.
Additionally, Form 8-K requires shell companies
97 unchanged sentences
shares of our common stock.
−Removed: There were 100,000 shares of stock awards vested as of December 31, 2022.
−Removed: The Company is authorized to issue
−Removed: up to 30,000,000 shares of common stock and are therefore able to issue additional shares without being required under corporate law to
−Removed: obtain shareholder approval.
−Removed: If we issue additional shares, or if our existing shareholders exercise their outstanding options,
+Added: The Company is authorized to issue up to 30,000,000 shares of common stock and are therefore able to issue
+Added: additional shares without being required under corporate law to obtain shareholder approval.
+Added: If we issue additional shares,
our other shareholders may find their holdings drastically diluted, which if it occurs, means they would own a smaller percentage of our
−Removed: Unresolved Staff Comments.
−Removed: The Company leases office
−Removed: space on a month to month basis for $3,900 per month in Mount Kisco, NY.
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.