market for registrant’s common equity, related stockholder matters and issuer purchases
−Removed: common stock is quoted on the OTCQB under the symbol “SCTC”.
−Removed: Trading in stocks quoted on the OTCQB is often thin and is characterized
−Removed: by wide fluctuations in trading prices due to many factors that may be unrelated to a company’s operations or business prospects.
−Removed: We cannot assure you that there will be a market in the future for our common stock.
+Added: common stock is currently quoted on the OTCQB under the symbol “ODYS” and, until February 13, 2024, was quoted on the OTCQB
+Added: under the symbol “SCTC”.
+Added: Trading in stocks quoted on the OTCQB is often thin and is characterized by wide fluctuations in
+Added: trading prices due to many factors that may be unrelated to a company’s operations or business prospects.
+Added: We cannot assure you
+Added: that there will be a market in the future for our common stock.
securities are not listed or traded on the floor of an organized national or regional stock exchange.
9 unchanged sentences
our working capital and do not anticipate paying any cash dividends in the foreseeable future.
+Added: 15(g) of the Exchange Act
+Added: shares are covered by Section 15(g) of the Securities Exchange Act of 1934, as amended, and Rules 15g-1 through 15g-6 and Rule 15g-9
+Added: promulgated thereunder.
+Added: This section and related rules impose additional sales practice requirements on broker-dealers who sell our securities
+Added: to persons other than established customers and accredited investors (generally institutions with assets in excess of $5,000,000 or individuals
+Added: with net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouses).
+Added: While Section 15(g)
+Added: and Rules 15g-1 through 15g-6 apply to brokers-dealers, they do not apply to us.
+Added: 15g-1 exempts a number of specific transactions from the scope of the penny stock rules.
+Added: Rule 15g-2 declares unlawful broker-dealer transactions
+Added: in penny stocks unless the broker-dealer has first provided to the customer a standardized disclosure document.
+Added: 15g-3 provides that it is unlawful for a broker-dealer to engage in a penny stock transaction unless the broker-dealer first discloses
+Added: and subsequently confirms to the customer current quotation prices or similar market information concerning the penny stock in question.
+Added: 15g-4 prohibits broker-dealers from completing penny stock transactions for a customer unless the broker-dealer first discloses to the
+Added: customer the amount of compensation or other remuneration received as a result of the penny stock transaction.
+Added: 15g-5 requires that a broker-dealer executing a penny stock transaction, other than one exempt under Rule 15g-1, disclose to its customer,
+Added: at the time of or prior to the transaction, information about the sales persons compensation.
+Added: 15g-6 requires broker-dealers receiving penny stocks to provide their customers with monthly account statements.
+Added: 15g-9 requires broker-dealers to approved the transaction for the customer’s account;
+Added: obtain a written agreement from the customer
+Added: setting forth the identity and quantity of the stock being purchased;
+Added: obtain from the customer information regarding his investment experience;
+Added: make a determination that the investment is suitable for the investor;
+Added: deliver to the customer a written statement for the basis for
+Added: the suitability determination;
+Added: notify the customer of his rights and remedies in cases of fraud in penny stock transactions;
+Added: FINRA’s toll free telephone number and the central number of the North American Administrators Association, for information on
+Added: the disciplinary history of broker-dealers and their associated persons.
+Added: The application of the penny stock rules may affect your ability
+Added: to resell your shares.
Compensation Plan Information
95 unchanged sentences
March 27, 2023, the Company issued 3,294,117 units to certain investors in consideration of $14 million.
−Removed: Each such unit
−Removed: consisted of (i) one share of the Company’s common stock and (ii) one warrant to purchase one share of common stock with an exercise
−Removed: price of $5.50 per share.
+Added: Each such unit consisted of
+Added: (i) one share of the Company’s common stock and (ii) one warrant to purchase one share of common stock with an exercise price of
+Added: $5.50 per share.
Each warrant is exercisable for three years from the date of issuance.
−Removed: The shares of common stock and warrants
−Removed: were issued in a private placement pursuant to Regulation S of the Securities Act of 1933, as amended.
+Added: The shares of common stock and warrants were
+Added: issued in a private placement pursuant to Regulation S of the Securities Act of 1933, as amended.
+Added: See “Liquidity and Capital Resources” for more information.
Purchases of Equity Securities
1 unchanged sentence
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.