Legal Proceedings
−Removed: Note 9, Commitment and Contingencies - Legal Proceedings , of the unaudited condensed consolidated financial statements included
−Removed: in this Quarterly Report, for a description of certain material legal proceedings involving the Company, which description is incorporated
−Removed: herein by reference.
−Removed: In the ordinary course of PAVmed business, particularly as it begins commercialization
−Removed: of its products, the Company may be subject to legal actions and claims, including product liability, consumer, commercial, tax and governmental
−Removed: matters, which may arise from time to time.
−Removed: The Company is not aware of any such pending legal or other proceedings that are reasonably
−Removed: likely to have a material impact on the Company.
−Removed: Notwithstanding, legal proceedings are subject-to inherent uncertainties, and an unfavorable
−Removed: outcome could include monetary damages, and excessive verdicts can result from litigation, and as such, could result in a material adverse
+Added: the ordinary course of PAVmed business, particularly as it begins commercialization of its products, the Company may be subject to legal
+Added: actions and claims, including product liability, consumer, commercial, tax and governmental matters, which may arise from time to time.
+Added: The Company is not aware of any such pending legal or other proceedings that are reasonably likely to have a material impact on the Company.
+Added: Notwithstanding, legal proceedings are subject-to inherent uncertainties, and an unfavorable outcome could include monetary damages,
+Added: and excessive verdicts can result from litigation, and as such, could result in a material adverse impact on the Company’s business,
+Added: financial position, results of operations, and /or cash flows.
+Added: Additionally, although the Company has specific insurance for certain
+Added: potential risks, the Company may in the future incur judgments or enter into settlements of claims which may have a material adverse
impact on the Company’s business, financial position, results of operations, and /or cash flows.
−Removed: Additionally, although the Company
−Removed: has specific insurance for certain potential risks, the Company may in the future incur judgments or enter into settlements of claims
−Removed: which may have a material adverse impact on the Company’s business, financial position, results of operations, and /or cash flows.
Defaults Upon Senior Securities
−Removed: The information set forth in Part I, Item 2 under the caption “ Liquidity and Capital Resources — Securities
−Removed: Purchase Agreement - March 31, 2022 - Senior Secured Convertible Notes - April 4, 2022 and September 8, 2022 ” is incorporated
−Removed: herein by reference.
+Added: information set forth in Part I, Item 2 under the caption “ Liquidity and Capital Resources — Securities Purchase Agreement
+Added: - March 31, 2022 - Senior Secured Convertible Notes - April 4, 2022 and September 8, 2022 ” is incorporated herein by reference.
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.