−Removed: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
−Removed: On May 9, 2022, the Company’s Board of Directors authorized a subscription agreement for a private placement stock purchase offering wherein the Company was authorized to sell a maximum of $5.0 million of the Company’s common stock, no par value per share, pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended, and Rule 506(b) of Regulation D as promulgated under the Securities Act and in accordance with applicable federal securities laws.
−Removed: The participants in the private placement consisted mainly of members of the Company's Board of Directors.
−Removed: Under this private placement offering, the Company issued $5.0 million of common equity consisting of 2,500,000 shares at a price of $2.00 per share on August 10, 2022.
−Removed: The Company's common stock closing market price on the Nasdaq Stock Market on August 9, 2022, was $1.51 per share.
−Removed: The offering was made to accredited investors only.
−Removed: No commissions or other remuneration were paid in connection with the issuance.
−Removed: The actual timing, number and value of shares to be issued under the private placement offering was determined by management in its discretion and depended on a number of factors, including the market price of the Company’s stock, general marketing conditions, and other factors.
−Removed: The Company used the proceeds for growth capital in the Company's specialty core commercial business segments.
+Added: UNREGISTERED SALES OF EQ UITY SECURITIES AND USE OF PROCEEDS
Incorporated by Reference
Exhibit Description
−Removed: Section 302 Certification — Co-CEO
−Removed: Section 302 Certification — Co-CEO
−Removed: Section 302 Certification — CFO
−Removed: Section 906 Certification — Co-CEO
−Removed: Section 906 Certification — Co-CEO
−Removed: Section 906 Certification — CFO
+Added: Section 302 Certification —
+Added: Section 302 Certification —
+Added: Section 302 Certification —
+Added: Section 906 Certification —
+Added: Section 906 Certification —
+Added: Section 906 Certification —
inline XBRL Instance Document
12 unchanged sentences
Principal Accounting Officer
−Removed: November 9, 2022
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.