−Removed: October 2024, we established our global headquarters in Miami, Florida, where we lease approximately 10,782 square feet for general office
−Removed: space, with onsite shipping and receiving of products, in Suites 215 and 280 of the 6303 Waterford
−Removed: at Blue Lagoon building located at 6303 Waterford District Drive, Miami, Florida 33126 .
−Removed: The lease rent commences on the date that
−Removed: the landlord delivers the entire premises to us with (i) the landlord’s completion of the construction of Suite 280 and (ii) the
−Removed: construction of Suite 215 being substantially complete (the “Commencement Date”).
−Removed: The lease has a term of 64 months from
−Removed: the Commencement Date (the “Term”), subject to a five-year extension in accordance with the terms of the lease.
−Removed: to the lease, we paid the landlord a security deposit of $500,000.
−Removed: Provided that there are no events of default by us under the lease,
−Removed: the security deposit will be returned to us on an incremental basis throughout the Term.
−Removed: Pursuant to the lease, we have agreed to pay
−Removed: base rent of $22,911.75 per month during the first year of the Term, increasing on an incremental basis each subsequent year of the Term,
−Removed: as well as traditional lease expenses including, certain taxes, operating expenses and utilities.
−Removed: continue to maintain premises in Tel Aviv, Israel, where we lease a 1,700 square meter office and manufacturing facility that has
−Removed: the capacity to manufacture and assemble 2,000 stents per month, based upon the production schedule of one shift per day.
−Removed: that our current facility is sufficient to meet anticipated future demand by adding personnel to the current staff.
−Removed: Additionally, we
−Removed: can add a working shift to our current production schedule.
+Added: October 2024, we established our global headquarters in Miami, Florida.
+Added: We lease approximately 10,782 square feet of general office space,
+Added: including onsite shipping and receiving areas, located in Suites 215 and 280 at 6303 Waterford District Drive, Miami, Florida 33126.
+Added: took possession of Suite 215 on November 1, 2024, and Suite 280 on May 18, 2025, following the landlord’s completion of construction.
+Added: The lease for the combined premises extends through September 30, 2030, and includes a five-year extension option in accordance with
+Added: the terms of the lease.
+Added: have provided a $500,000 security deposit under the lease, which is refundable in stages over the lease term, subject to our compliance
+Added: with the lease.
+Added: Pursuant to the lease, we paid a base rent of $22,911.75 per month during the first year of the Term, increasing on an
+Added: incremental basis each subsequent year of the Term, which as of March 18, 2026 is $22,911.75.
+Added: In addition to base rent, we are
+Added: responsible for customary lease-related expenses, including taxes, operating costs, and utilities.
+Added: also maintain a leased 1,830-square-meter office and manufacturing facility in Tel Aviv, Israel, where we produce and assemble our CGuard
+Added: EPS and CGuard Prime products.
+Added: The facility has capacity to manufacture approximately 5,500 products per quarter based on a single-shift
+Added: We believe our current facility is sufficient to meet anticipated demand through additional staffing or the addition of a second
+Added: production shift.
+Added: The lease for this facility currently runs through December 31, 2028.
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.