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following disclosures set forth certain information with respect to all securities sold by the Company during the three months ended
−Removed: March 31, 2021 without registration under the Securities Act:
−Removed: February 11, 2021, the Company consummated the closing of a private placement offering whereby, pursuant to the securities purchase agreement
−Removed: entered into by the Company and certain accredited investors on February 11, 2021, the investors purchased 608,696 shares of the Company’s
−Removed: common stock par value $0.01 per share at a purchase price of $23.00 per share for aggregate gross proceeds of approximately 14.0 million
−Removed: (the “Purchase Price”).
−Removed: The Purchase Price was funded on the closing date and resulted in net proceeds to the Company of
−Removed: approximately $13.5 million after deducting fees payable to the placement agent and other estimated offering expenses payable by the
−Removed: the three months ended March 31, 2021, the Company issued an aggregate of 1,203,750 shares of common stock for services expensed in prior
+Added: June 30, 2021 without registration under the Securities Act:
+Added: June 1, 2021, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with an institutional investor
+Added: (the “Purchaser”), pursuant to which the Company sold and issued:
+Added: (i) a senior secured redeemable debenture (the “Debenture”)
+Added: in the aggregate principal amount of $15,000,000.00 (the “Aggregate Principal Amount”), and (ii) warrants to purchase up
+Added: to an aggregate of 1,500,000 shares of the Company’s common stock at an exercise price of $12.00 per share (the “Warrant”).
+Added: The Warrant has a term of three years.
+Added: The Company received gross proceeds of $15,000,000 and intends to use such proceeds for working
+Added: capital and general corporate purposes.
+Added: the three months ended June 30, 2021, the Company issued an aggregate of 30,000 shares of common stock for services expensed
+Added: in prior periods.
+Added: On April 2, 2021, in connection
+Added: with Juan Manuel Piñeiro Dagnery’s resignation from his position as Chief Revenue Officer of the Company, the Company and
+Added: Dagnery entered into a resignation and release agreement pursuant to which Mr.
+Added: Dagnery received on June 2, 2021 a single lump sum
+Added: of 10,000 shares of common stock of the Company.
above transactions did not involve any underwriters, underwriting discounts or commissions, or any public offering.
The Company relied
−Removed: upon the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Act”) by virtue of
+Added: upon the exemption from the registration requirements of the Securities Act of 1933, as amended (the “Act”) by virtue of
Section 4(a)(2) thereof and/or Regulation D promulgated by the SEC under the Act.
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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.