111 unchanged sentences
that registration statement is automatically deemed effective 60 days after filing the Form 10 with the SEC.
−Removed: ease and low cost with which a company can become a reporting blank check or shell company can increase the number of public
−Removed: companies seeking a business combination, thereby adding further competition to an already highly competitive market for a
−Removed: limited number of businesses that will consummate a successful business combination.
+Added: The relative ease
+Added: and low cost with which a company can become a reporting blank check or shell company can increase the number of public companies
+Added: seeking a business combination, thereby adding further competition to an already highly competitive market for a limited number
+Added: of businesses that will consummate a successful business combination.
management will only be able to devote a limited amount of time to seeking a target company or new business which may adversely
10 unchanged sentences
to implement a business combination or business plan.
−Removed: will be subject to the periodic reporting requirements of the Securities Exchange Act of 1934, which will require us to incur
−Removed: audit fees and legal fees in connection with the preparation of such reports.
−Removed: These costs could reduce or eliminate our ability
−Removed: to earn a profit.
−Removed: will be required to file periodic reports with the SEC pursuant to the Securities Exchange Act and the rules and regulations promulgated
−Removed: In order to comply with these regulations, our independent registered public accounting firm must review our financial
−Removed: statements on a quarterly basis and audit our financial statements on an annual basis.
−Removed: Moreover, our legal counsel has to review
−Removed: and assist in the preparation of such reports.
−Removed: The costs charged by these professionals for such services cannot be accurately
−Removed: predicted at this time because of factors such as the number and type of transactions that we engage in and the complexity of
−Removed: our reports cannot be determined at this time and will have a major effect on the amount of time to be spent by our auditors and
−Removed: However, the incurrence of such costs will obviously be an expense to our future operations and could have a negative
−Removed: effect on our ability to meet our overhead requirements and earn a profit.
−Removed: If we cannot provide reliable financial reports or
−Removed: prevent fraud, our business and operating results could be harmed, investors could lose confidence in our reported financial information
−Removed: and the trading price of our common stock could drop significantly.
+Added: are subject to the periodic reporting requirements of the Securities Exchange Act of 1934, which requires us to
+Added: incur audit fees and legal fees in connection with the preparation of such reports.
+Added: These costs could reduce or eliminate our
+Added: ability to earn a profit.
+Added: are required to file periodic reports with the SEC pursuant to the Securities Exchange Act and the rules and regulations
+Added: promulgated thereunder.
+Added: In order to comply with these regulations, our independent registered public accounting firm must review
+Added: our financial statements on a quarterly basis and audit our financial statements on an annual basis.
+Added: Moreover, our legal counsel
+Added: has to review and assist in the preparation of such reports.
+Added: The costs charged by these professionals for such services cannot
+Added: be accurately predicted at this time because of factors such as the number and type of transactions that we engage in and the
+Added: complexity of our reports cannot be determined at this time and will have a major effect on the amount of time to be spent by
+Added: our auditors and attorneys.
+Added: However, the incurrence of such costs will obviously be an expense to our future operations and could
+Added: have a negative effect on our ability to meet our overhead requirements and earn a profit.
+Added: If we cannot provide reliable financial
+Added: reports or prevent fraud, our business and operating results could be harmed, investors could lose confidence in our reported
+Added: financial information and the trading price of our common stock could drop significantly.
time and cost of preparing a private company to become a public reporting company may preclude us from entering into a merger
2 unchanged sentences
Sections 13 and 15(d) of the
−Removed: Exchange Act require reporting companies to provide certain information about significant acquisitions, including audited
−Removed: financial statements for the company acquired, covering one, two, or three years, depending on the relative size of the acquisition.
−Removed: The time and additional costs that may be incurred by some target entities to prepare these statements may significantly delay
−Removed: or essentially preclude consummation of an acquisition.
−Removed: Otherwise suitable acquisition prospects that do not have or are unable
−Removed: to obtain the required audited statements may be inappropriate for acquisition so long as the reporting requirements of the Exchange
+Added: Exchange Act require reporting companies to provide certain information about significant acquisitions, including audited financial
+Added: statements for the company acquired, covering one, two, or three years, depending on the relative size of the acquisition.
+Added: time and additional costs that may be incurred by some target entities to prepare these statements may significantly delay or
+Added: essentially preclude consummation of an acquisition.
+Added: Otherwise suitable acquisition prospects that do not have or are unable to
+Added: obtain the required audited statements may be inappropriate for acquisition so long as the reporting requirements of the Exchange
Act are applicable.
182 unchanged sentences
uncertainty about our prospects, each of which could cause the price of our common stock to decline.
−Removed: STAFF COMMENTS
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.