4 unchanged sentences
The extent and timing of repurchases will depend upon a variety of factors, including market conditions, regulatory requirements and other corporate considerations, as determined by the Company.
−Removed: On December 6, 2023, the Company entered into a Stock Repurchase Agreement with Parallel49, which is one of the Company’s majority stockholders.
+Added: On December 6, 2023, the Company entered into a Stock Repurchase Agreement with Parallel49, which was one of the Company’s majority stockholders.
The Company has agreed to purchase from Parallel49, and Parallel49 has agreed to sell to the Company, three times the number of shares of the Company’s common stock acquired by the Company in the open market from time to time from non-Parallel49 holders during the period commencing from the date of the agreement and ending on March 31, 2024 up to a maximum of 325,000 shares.
−Removed: Pursuant to this agreement, the Company repurchased 244,314 shares at an average price of $18.03 per share on April 5, 2024.
−Removed: On March 14, 2024, the Company entered into a similar Stock Repurchase Agreement with Parallel49, effective for the period commencing from April 1, 2024 and ending on June 30, 2024 pursuant to which the Company could purchase up to a maximum of 325,000 shares during such period.
−Removed: The following table sets forth share repurchases for each of the three months of the quarter ended June 30, 2024:
+Added: Pursuant to this and a subsequent stock repurchase agreement, the Company repurchased 364,848 shares at an average price of $18.09 per share between April 5, 2024 and September 30, 2024.
+Added: The following table sets forth share repurchases for each of the three months of the quarter ended September 30, 2024:
Total Number of
7 unchanged sentences
Under the Plans or
−Removed: Programs (in thousands) (b)
+Added: Programs (in thousands)
+Added: August 1 - 31
+Added: September 1 - 30
( a) Reflects shares repurchased and retired under the 2023 repurchase authorization and the stock repurchase agreements.
−Removed: This amount does not include the 120,534 shares that were repurchased from Parallel49 in July 2024 in accordance with the stock repurchase agreement entered into on March 14, 2024.
−Removed: (b) Reflects the $20.0 million repurchase authorization less completed open market purchases and $2.2 million allocated to repurchases from Parallel49, representing 120,534 shares, in accordance with the stock repurchase agreement entered into on March 14, 2024.
Defaults Upon Senior Securities
2 unchanged sentences
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.