1 unchanged sentence
Market Information
−Removed: The Company's common stock, $0.0001 par value began trading on the Nasdaq Capital Market on December 28, 2018 under the symbol “PHUN”.
+Added: Our common stock, $0.0001 par value, began trading on the Nasdaq Capital Market on December 28, 2018 under the symbol “PHUN”.
On March 31, 2022, there were approximately 177 holders of record of our common stock.
−Removed: We believe the number of beneficial owners of our common stock are substantially greater than the number of record holders because a large portion of our outstanding common stock is held of record in broker “street name” for the benefit of individual investors.
+Added: We believe the number of beneficial owners of our common stock is substantially greater than the number of record holders because a large portion of our outstanding common stock is held of record in broker “street name” for the benefit of individual investors.
We have not paid any cash dividends on our common stock to date.
The payment of any cash dividends will be dependent upon our revenue, earnings and financial condition from time to time.
−Removed: The payment of any dividends will be within the discretion of our board of directors.
+Added: The payment of any dividends is within the discretion of our board of directors.
It is presently expected that we will retain all earnings for use in our business operations and, accordingly, it is not expected that our board of directors will declare any dividends in the foreseeable future.
−Removed: Securities Authorized for Issuance Under Equity Compensation Plans
−Removed: All of the Company's equity compensation plans were previously approved by its stockholders and the Company maintains no equity compensation plans not approved by stockholders.
−Removed: The following table sets forth our equity compensation plan information as of December 31, 2020.
−Removed: Number of securities to be issued upon exercise of outstanding options and rights
−Removed: (a) Weighted-average exercise price of outstanding options and rights
−Removed: (b) Number of securities remaining available for issuance under equity compensation plans
−Removed: 2018 Equity Incentive Plan (the "2018 Plan") (1) 1,677,060 $1.41 2,551,720
−Removed: 2018 Employee Stock Purchase Plan (the "2018 ESPP") (2) — — 272,942
−Removed: 2009 Equity Incentive Plan (the "2009 Plan") (3) 1,208,740 $0.80 —
−Removed: (1) The shares of common stock reserved for issuance under the 2018 Plan also will include any shares of common stock subject to stock options, restricted stock units or similar awards granted under the 2009 Plan, that, on or after the Business Combination, are assumed in connection with the Business Combination, expire or otherwise terminate without having been exercised in full and shares of common stock issued pursuant to awards granted under the 2009 Plan that, on or after the Business Combination, are forfeited to or repurchased by us.
−Removed: As of December 31, 2020, the maximum number of shares of common stock that may be added to the 2018 Plan pursuant to the foregoing equal to 1,209,314, which is not included in the column (c) above.
−Removed: (2) As of December 31, 2020, we had not consummated an enrollment or offering period related to the 2018 ESPP.
−Removed: (3) The 2009 Plan terminated in connection with the consummation of the Business Combination, and accordingly, no shares will be available for issuance under the 2009 Plan following the consummation of the Business Combination.
−Removed: The 2009 Plan will continue to govern outstanding awards granted thereunder.
−Removed: For additional information on the Company's equity compensation plans, refer to Note 12 " Stock-Based Compensation" of the notes to the consolidated financial statements included in Part II, Item 8 of this Annual Report on Form 10-K.
Recent Sales of Unregistered Securities
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: Selected Financial Data.
−Removed: Not required.
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