7 unchanged sentences
Recent Sales of Unregistered Securities;
−Removed: On September 30, 2022, we entered into a Securities Purchase Agreement with Pioneer Step Holdings Limited (Pioneer Step), Champion River Ventures Limited (Champion) and Robert Fried (collectively, the “Purchasers”) pursuant to which we agreed to sell and issue approximately 2.5 million shares of common stock at a price of $1.25 per share (the “Financing”).
−Removed: Champion is indirectly owned by Li Ka-Shing and Pioneer Step is indirectly owned by Solina Chau, and each of Mr.
−Removed: Ka-Shing and Ms.
−Removed: Chau own through affiliated entities more than 5% of the Company’s common stock.
−Removed: Pursuant to previous agreements, each of Pioneer Step and Champion have appointed a member of our Board.
−Removed: Fried is our Chief Executive Officer.
−Removed: The transaction and related agreements were approved by the Audit Committee of the Board in accordance with our Related-Persons Transaction Policy.
−Removed: On October 7, 2022, we closed the Financing and received proceeds of approximately $2.9 million, net of offering costs of $0.2 million.
−Removed: On October 10, 2022, we entered into a Securities Purchase Agreement with Société des Produits Nestlé SA, a société anonyme organized under the laws of Switzerland (NHSc), as successor-in-interest to NESTEC Ltd., pursuant to which NHSc agreed to purchase 3.8 million shares of common stock at a price of $1.31 which is equal to the volume weighted average price of the Company’s common stock for the ten trading days preceding October 10, 2022 (the “Securities Purchase Agreement”).
−Removed: On October 17, 2022, we closed the Securities Purchase Agreement and received proceeds of approximately $4.8 million, net of offering costs of $0.2 million.
+Added: Use of Proceeds from Registered Securities
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.