1 unchanged sentence
Market Information
−Removed: Since February 3, 2020, the Company 's common stock and warrants have been trading on the NYSE under the symbols “AMBC" and "AMBC WS", respectively.
−Removed: Prior to being listed on the NYSE, the Company's common stock and warrants were listed on NASDAQ under the symbols “AMBC” and "AMBCW," respectively.
−Removed: On February 24, 2023, there were 16 stockholders of record of AFG’s common stock and 50 holders of record of AFG's warrants.
+Added: The Company 's common stock trades on the NYSE under the symbol “AMBC".
+Added: The Company's warrants previously traded on the NYSE under the symbol "AMBC WS" and as of April 30, 2023, all of the then outstanding warrants expired without being exercised.
+Added: On February 26, 2024, there were 16 stockholders of record of AFG’s common stock.
The Company did not pay cash dividends on its common stock during 2023 and 2022.
2 unchanged sentences
Purchases of Equity Securities By the Issuer and Affiliated Purchasers
−Removed: The following table summarized Ambac's share purchases during the fourth quarter of 2022.
+Added: The following table summarizes Ambac's share purchases during the fourth quarter of 2023.
+Added: October 2023 November 2023 December 2023 Fourth Quarter 2023
+Added: Total Shares Purchased (1)
+Added: Average Price Paid Per Share $ — $ — $ 14.75 $ 14.75
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plan — — — —
+Added: Maximum Dollar Value That may Yet be Purchased Under the Plan
+Added: $ 16 $ 16 $ 16 $ 16
+Added: (1) There were no other repurchase of equity securities made during the three months ended December 31, 2023.
When restricted stock unit awards issued by Ambac vest or settle, they become taxable compensation to employees.
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On March 29, 2022, our Board of Directors approved a share repurchase program authorizing up to $20 million in share repurchases, with an expiration date of March 31, 2024, which may be terminated at any time.
−Removed: From April 1, 2022, through December 31, 2022, AFG repurchased 1,605,316 shares for $14.2 million at an average purchase price of $8.86 per share.
−Removed: On May 5, 2022, the Board of Directors authorized an additional $15 million share repurchase bringing the total unused authorized amount to $20.8 million.
+Added: On May 5, 2022, the Board of Directors authorized an additional $15 million share repurchase.
+Added: The following table shows shares repurchased by year.
+Added: ($ in millions, except per share)
+Added: Year ended December 31, 2022 2023 Total
+Added: Shares repurchased 1,605,316
+Added: 325,068 1,930,384
+Added: Total cost $ 14.2 $ 4.5 $ 18.7
+Added: Average purchase price per share $ 8.86 $ 13.88 $ 9.70
+Added: Unused authorization amount $ 16.3
Shares purchased from employees to satisfy withholding taxes, as described above, do not count towards utilization under the Company's share repurchase program.
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Table of Contents ,
−Removed: October 2022 November 2022 December 2022 Fourth Quarter 2022
−Removed: Total Shares Purchased (1)
−Removed: — 1,425 — 1,425
−Removed: Average Price Paid Per Share $ — $ 13.56 $ — $ 13.56
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plan — — — —
−Removed: Maximum Dollar Value That may Yet be Purchased Under the Plan
−Removed: $ 21 $ 21 $ 21 $ 21
−Removed: (1) There were no other repurchase of equity securities made during the three months ended December 31, 2022.
−Removed: Ambac has 4,877,617 warrants outstanding.
−Removed: Each warrant represents the right to purchase one share of AFG common stock.
−Removed: The warrants are exercisable at any time on or prior to April 30, 2023, at an exercise price of $16.67 per share.
−Removed: The warrants may be exercised for cash or net share settled.
−Removed: On June 30, 2015, the Board of Directors of AFG authorized the establishment of a warrant repurchase program that permits the repurchase of up to $10 million of warrants.
−Removed: On November 3, 2016, the Board of Directors of AFG authorized an additional $10 million to the warrant repurchase program.
−Removed: The remaining aggregate authorization at December 31, 2022, is $11.9 million.
Stock Performance Graph
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S&P Completion Index $100 $126 $165 $184 $133 $164
−Removed: | Ambac Financial Group, Inc.
−Removed: 26 2022 FORM 10-K
−Removed: Table of Contents ,
−Removed: Selected Financial Data — Reserved
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.