−Removed: Market for Registrant’s Common Equity, Related Shareholder Matters, and Issuer Purchases of Equity Securities
+Added: Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information
−Removed: Our Units, Class A ordinary shares and warrants are each traded on the NYSE under the symbols “SNII.U,” “SNII” and “SNII WS,” respectively.
−Removed: Our Units commenced public trading on March 1, 2021, and our Class A ordinary shares and warrants commenced public trading separately on April 22, 2021.
−Removed: On February 2, 2022, there were 1 holder of record of our units, 1 holder of record of our Class A ordinary shares, 7 holders of record of our Class B ordinary shares and 1 holders of record of our warrants.
−Removed: We have not paid any cash dividends on our ordinary shares to date and do not intend to pay cash dividends prior to the completion of our initial business combination.
−Removed: The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition subsequent to completion of our initial business combination.
−Removed: The payment of any cash dividends subsequent to our initial business combination will be within the discretion of our Board of Directors at such time.
−Removed: In addition, our Board of Directors is not currently contemplating and does not anticipate declaring any stock dividends in the foreseeable future.
−Removed: Further, if we incur any indebtedness in connection with our initial business combination, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.
−Removed: Securities Authorized for Issuance Under Equity Compensation Plans.
−Removed: Recent Sales of Unregistered Securities
−Removed: See Item 5(g).
−Removed: Purchases of Equity Securities by the Issuer and Affiliated Purchasers
+Added: Prior to the closing of our Business Combination, Supernova’s units, Class A ordinary shares and warrants were listed on the New York Stock Exchange under the symbols “SNII.U,” “SNII” and “SNII WS,” respectively.
+Added: On March 2, 2022, our common stock and public warrants began trading on The Nasdaq Capital Market under the symbols “RGTI” and “RGTIW,” respectively.
+Added: We no longer have any outstanding units.
+Added: As of March 22, 2023, there were approximately 209 holders of record of our common stock and one holder of record of our public warrants, including Cede & Co., a nominee for The Depository Trust Company (DTC), which holds shares of our common stock and public warrants on behalf of an indeterminate number of beneficial owners.
+Added: The actual number of stockholders is greater than this number of record holders and includes stockholders who are beneficial owners but whose shares are held in street name by brokers and other nominees.
+Added: Dividend Policy
+Added: We have never declared or paid any cash dividends on our capital stock.
+Added: We currently intend to retain all available funds and any future earnings to support our operations and finance the growth and development of our business.
+Added: We do not intend to pay cash dividends on our common stock for the foreseeable future.
+Added: Any future determination related to our dividend policy will be made at the discretion of our board of directors and will depend upon, among other factors, our results of operations, financial condition, capital requirements, contractual restrictions, business prospects and other factors our board of directors may deem relevant.
+Added: Recent Sales of Unregistered Sales of Securities
Use of Proceeds from the Initial Public Offering
−Removed: On March 4, 2021, Supernova consummated its initial public offering of 34,500,000 units.
−Removed: Each Unit consists of one Class A ordinary share, par value $0.0001 per share of the Company and one-fourth of one redeemable warrant of the Company, with each whole Warrant entitling the holder thereof to purchase one whole Class A ordinary share for $11.50 per share.
−Removed: The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $345,000,000.
−Removed: Simultaneously with the consummation of the IPO on March 4, 2021, the Company completed the private sale of 4,450,000 warrants at a purchase price of $2.00 per private placement warrant, to the Company’s sponsor generating gross proceeds to the Company of $8,900,000.
−Removed: Approximately $345 million of the net proceeds from the IPO and the sale of the per private placement warrants to the Sponsor have been deposited in a trust account maintained by American Stock Transfer & Trust Company, acting as trustee, established for the benefit of the Company’s public shareholders.
−Removed: An audited balance sheet as of March 4, 2021 reflecting receipt of the net proceeds from the IPO and the net proceeds from the IPO and the private placement was filed on a Current Report on Form 8-K on March 10, 2021.
−Removed: Selected Financial Data
−Removed: Not required for smaller reporting companies.
+Added: On March 4, 2021, Supernova consummated its initial public offering of 34,500,000 units at an offering price of $10.00 per unit, generating gross proceeds of $345.0 million, and a private placement with Supernova Sponsor, of 4,450,000 private placement warrants at an offering price of $2.00 per warrant, generating gross proceeds of $8.9 million.
+Added: Each unit sold in the initial public offering consisted of one Class A ordinary share and one-fourth of one redeemable warrant.
+Added: Approximately $345.0 million of the net proceeds from the initial public offering and the sale of the private placement warrants to Supernova Sponsor were deposited in a trust account maintained by American Stock Transfer & Trust Company, acting as trustee, established for the benefit of Supernova’s public stockholders.
+Added: After deducting payments to existing stockholders of $266.8 million in connection with their exercise of redemption rights prior to the closing of the Business Combination and expenses related to the Business Combination, the remainder of the trust account is now held on our balance sheet to fund our operations and continued growth.
+Added: Purchases of Equity Securities by the Issuer and Affiliated Purchasers
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.