−Removed: UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS, AND ISSUER PURCHASES OF EQUITY SECURITIES.
+Added: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS .
Use of Proceeds
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On February 2, 2023,
−Removed: we entered into the Underwriting Agreement with Boustead, as representative of the underwriters named on Schedule 1 thereto, relating
−Removed: to the Company’s initial public offering of the IPO Shares.
+Added: the Company entered into the Underwriting Agreement with Boustead, as representative of the underwriters named on Schedule 1 thereto,
+Added: relating to the Company’s initial public offering of the IPO Shares.
Pursuant to the Underwriting Agreement, in exchange for Boustead’s
31 unchanged sentences
price of $98,437.50 at the assumed exercise price of $6.25 per share assuming full exercise of the over-allotment option .
−Removed: As of the date of this report, the underwriters’ over-allotment option had expired unexercised and we have not received any
−Removed: proceeds from the exercise of the Representative’s Warrant because it has not been exercised.
+Added: The underwriters’ over-allotment option expired unexercised.
+Added: The Company has not received any proceeds from the exercise
+Added: of the Representative’s Warrant because it has not been exercised.
On April 4, 2023, the Post-Effective Amendment
was filed with the SEC and became effective on April 14, 2023 .
−Removed: The Post-Effective Amendment was required to be filed to update the IPO Registration Statement’s
−Removed: prospectus to include, among other things, the information contained in our Annual Report on Form 10-K for the fiscal year ended December
−Removed: 31, 2022, which was filed with the SEC on June 30, 2023.
+Added: The Post-Effective Amendment was required to be filed to update the IPO Registration Statement
+Added: to include, among other things, the information contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022,
+Added: which was filed with the SEC on March 31, 2023.
The Post-Effective Amendment maintained the effectiveness of the IPO Registration
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Updated prospectuses were included with the Post-Effective
−Removed: As stated in the Final
−Removed: IPO Prospectus, the Company intended to use the net proceeds from the initial public offering for investment in corporate infrastructure,
−Removed: marketing and promotion of Discord communities, social campaigns, and the Company’s “AE.360.DDM” service, expansion
−Removed: of the Company’s “SiN” service, increasing staff and company personnel, and general working capital, operating, and
−Removed: other corporate expenses.
−Removed: The following is our
−Removed: reasonable estimate of the uses of the proceeds from the Company’s initial public offering from the date of the closing of the offering
−Removed: on February 7, 2023 until September 30, 2023:
+Added: As stated in the IPO
+Added: Registration Statement and the Final IPO Prospectus, the Company intended to use the net proceeds from the initial public offering for
+Added: investment in corporate infrastructure, marketing and promotion of Discord communities, social campaigns, and the Company’s “AE.360.DDM”
+Added: service, expansion of the Company’s “SiN” service, increasing staff and company personnel, and general working capital,
+Added: operating, and other corporate expenses.
+Added: As stated in the Post-Effective Amendment, the Company intended to use any proceeds from the
+Added: exercise of the Representative’s Warrant for working capital and general corporate purposes.
+Added: The following is the
+Added: Company’s reasonable estimate of the uses of the proceeds from the initial public offering from the date of the closing of the offering
+Added: on February 7, 2023 through March 31, 2024:
None was used for construction of plant, building and facilities;
1 unchanged sentence
None was used for purchases of real estate;
−Removed: None was used for the acquisition of other businesses;
+Added: $0 was used for the acquisition of other businesses;
None was used for the repayment of indebtedness;
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As of the date of this report, none of the proceeds from the initial public offering were used to make direct or indirect payments to
−Removed: any of our directors or officers, any of their associates, any persons owning 10% or more of any class of our equity securities, or any
−Removed: of our affiliates, or direct or indirect payments to any others other than for the direct costs of the offering.
−Removed: There has not been, and we do not expect, any
−Removed: material change in the planned use of proceeds from the initial public offering as described in the IPO Registration Statement, the Final
−Removed: IPO Prospectus, and the Post-Effective Amendment.
+Added: any of the Company’s directors or officers, any of their associates, any persons owning 10% or more of any class of the Company’s
+Added: equity securities, or any of our affiliates, or direct or indirect payments to any others other than for the direct costs of the offering.
+Added: There has not been, and the Company does not
+Added: expect, any material change in the planned use of proceeds from the initial public offering as described in the IPO Registration Statement
+Added: and the Final IPO Prospectus or any exercise of the Representative’s Warrant, as described in the Post-Effective Amendment.
Unregistered Sales of Equity Securities
−Removed: During the three months ended September 30, 2023,
+Added: During the three months ended March 31, 2024,
we did not sell any equity securities that were not registered under the Securities Act and that were not previously disclosed in a Current
2 unchanged sentences
No repurchases
−Removed: of our common stock were made during the three months ended September 30, 2023.
+Added: of our common stock were made during the three months ended March 31, 2024.
DEFAULTS UPON SENIOR SECURITIES.
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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.