4 unchanged sentences
Capital Market (“Nasdaq”), where they have traded under ticker symbol “PMCB” since initial listing on August 10,
−Removed: Prior to that, shares of our common stock were quoted on the OTC Link™ quotation platform of OTC Markets Group, Inc.
−Removed: as an Over-The-Counter Bulletin Board company under the classification of OTCQB utilizing the trading symbol “PMCB.”
−Removed: The following table sets forth the post reverse
−Removed: stock split (1:1500) high and low bid quotations reported on the OTCQB through August 9, 2021 and Nasdaq through April 30, 2023 for our
−Removed: shares for each quarter during the two fiscal years (“FYs”) ended April 30, 2023 and 2022.
−Removed: The prices reflect inter-dealer
−Removed: prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.
+Added: The following table sets forth the high and low
+Added: bid quotations reported on Nasdaq through April 30, 2024 for our shares for each quarter during the two fiscal years (“FYs”)
+Added: ended April 30, 2024 and 2023.
+Added: The prices reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily
+Added: represent actual transactions.
First Quarter
6 unchanged sentences
Fourth Quarter
−Removed: As of July 25, 2023, there were approximately
+Added: As of August 8, 2024, there were approximately
1,400 stockholders of record of our common stock.
4 unchanged sentences
in the foreseeable future.
−Removed: In addition, the terms of the certificate of designations governing our Series B convertible preferred stock
−Removed: presently restricts our ability to pay dividends.
−Removed: Our Board will decide any future payment of dividends, depending on the results of operations,
−Removed: financial condition, capital requirements and other relevant factors.
+Added: In addition, the terms of the certificate of designations governing our Preferred Shares presently restricts
+Added: our ability to pay dividends.
+Added: Our Board will decide any future payment of dividends, depending on the results of operations, financial
+Added: condition, capital requirements and other relevant factors.
Securities Authorized for Issuance under Equity
3 unchanged sentences
Recent Sales of Unregistered Securities
−Removed: On May 2, 2022, we issued options to purchase
−Removed: an aggregate of 334 unregistered shares of common stock to one of our directors pursuant to their letter agreements with us.
−Removed: are exercisable for $2.29 per share and vest immediately upon issuance.
−Removed: The non-cash expense for the share issuances totaled $765.
−Removed: On May 16, 2022, we issued options to purchase
−Removed: an aggregate of 334 unregistered shares of common stock to one of our directors pursuant to their letter agreements with us.
−Removed: are exercisable for $2.29 per share and vest immediately upon issuance.
−Removed: The non-cash expense for the share issuances totaled $765.
−Removed: On July 1, 2022, we
−Removed: issued options to purchase an aggregate of 334 unregistered shares of common stock to one of our directors pursuant to their letter agreements
−Removed: The options are exercisable for $2.24 per share and vest immediately upon issuance.
−Removed: The non-cash expense for the share issuances
−Removed: totaled $748.
−Removed: The foregoing transactions
−Removed: did not involve any underwriters or any public offering.
−Removed: The sale of the above securities was deemed to be exempt from registration under
−Removed: the Securities Act in reliance on Section 4(a)(2) of the Securities Act (and Regulation D promulgated thereunder) or Rule 701 promulgated
−Removed: under Section 3(b) of the Securities Act as transactions by an issuer not involving any public offering.
−Removed: The recipients of the securities
−Removed: in the transaction represented their intentions to acquire the securities for investment only and not with a view to, or for sale in connection
−Removed: with, any distribution thereof, and appropriate legends were affixed to the securities issued in these transactions.
−Removed: All recipients received
−Removed: or had, through their relationships with us, adequate access to information about us.
Issuer Purchases of Equity Securities
The table below summarizes information about the
−Removed: Company’s purchases of its equity securities during the three months ended April 30, 2023.
+Added: Company’s purchases of its equity securities during the year ended April 30, 2024.
Total Number of Shares Purchased
2 unchanged sentences
Maximum Number (or Approximate Dollar Value) of Shares That May Yet Be Purchased Under the Plans or Programs
+Added: May 1, 2023 – May 31, 2023
+Added: June 1, 2023 – June 30, 2023
+Added: July 1, 2023 – July 31, 2023
+Added: August 1, 2023 – August 31, 2023
+Added: September 1, 2023 – September 30, 2023
+Added: October 1, 2023 – October 31, 2023
+Added: November 1, 2023 – November 30, 2023
+Added: December 1, 2023 – December 31, 2023
+Added: January 1, 2024 – January 31, 2024
February 1, 2024 – February 29, 2024
4 unchanged sentences
Repurchase Program”).
−Removed: The number of shares of common stock repurchased on any given trading day is determined by a formula, which
−Removed: is based on the market price of the common stock and average daily volumes.
−Removed: The First Repurchase Program expires on May 30, 2024.
−Removed: 31, 2023, the Board authorized a share repurchase program to repurchase up to an additional $10 million of the Company’s outstanding
−Removed: common stock (the “Second Repurchase Program” and together with the First Repurchase Program, the “Repurchase Programs”).
−Removed: Under the Second Repurchase Program, the shares may be repurchased from time to time in open market transactions, privately negotiated
−Removed: block transactions or other means in accordance with applicable securities laws.
−Removed: For more information on the Repurchase Programs, see
−Removed: “Note 12 – Treasury Stock.”
+Added: The number of shares of common stock repurchased on any given trading day was determined by a formula, which
+Added: was based on the market price of the common stock and average daily volumes.
+Added: The First Repurchase Program expired on May 30, 2024.
+Added: January 31, 2023, the Board authorized a share repurchase program to repurchase up to an additional $10 million of the Company’s
+Added: outstanding common stock (the “Second Repurchase Program” and together with the First Repurchase Program, the “Repurchase
+Added: Under the Second Repurchase Program, the shares may be repurchased from time to time in open market transactions, privately
+Added: negotiated block transactions or other means in accordance with applicable securities laws.
+Added: For more information on the Repurchase Programs,
+Added: see “Note 13 – Treasury Stock.”
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.