3 unchanged sentences
Holders of Our Common Stock
−Removed: As of March 22, 2024, there were approximately 13 holders of record of shares of our common stock.
+Added: As of March 24, 2025, there was one holder of record of shares of our common stock.
This number does not include stockholders for whom shares are held in “nominee” or “street” name.
Dividend Policy
−Removed: We have never declared or paid any cash dividends on our capital stock.
−Removed: We currently intend to retain all available funds and any future earnings to fund the growth and development of our business.
−Removed: We do not intend to pay cash dividends to our stockholders in the foreseeable future.
−Removed: Any future determination to declare dividends will be made at the discretion of our board of directors and will depend on our financial condition, operating results, capital requirements, general business conditions, and other factors that our board of directors may deem relevant.
−Removed: Investors should not purchase our common stock with the expectation of receiving cash dividends
+Added: We have never declared or paid any cash dividends on our common stock and do not anticipate paying cash dividends on the our common stock for the foreseeable future, except the Cash Dividend that we will declare and pay to the holders of record of outstanding shares of our common stock as of a record date prior to the effective time of the Merger, to be set by our board of directors as close as reasonably practicable to (but not later than) the anticipated date of Closing.
+Added: The aggregate amount of the Cash Dividend is expected to equal approximately $65.0 million, subject to certain adjustments depending on our net cash.
+Added: Notwithstanding the foregoing, any determination to pay cash dividends subsequent to the Merger will be at the discretion of the combined company’s then-current board of directors and will depend upon a number of factors, including the combined company’s results of operations, financial condition, future prospects, contractual restrictions, restrictions imposed by applicable law and other factors the then-current board of directors deems relevant.
Securities Authorized for Issuance Under Equity Compensation Plans
−Removed: Information about our equity compensation plans will be included in our Definitive Proxy Statement to be filed with the SEC with respect to our 2024 Annual Meeting of Stockholders and is incorporated herein by reference.
+Added: Information about our equity compensation plans is incorporated herein by reference from our Registration Statement on Form S-4, as amended, which is deemed to be a definitive proxy statement under Section 14a-6 of the Exchange Act, that has been filed with the SEC on March 25, 2025, or the 2025 Proxy Statement, under the caption “Equity Compensation Plan Information.”
Recent Sales of Unregistered Equity Securities
11 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.