−Removed: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS .
+Added: SALES OF EQUITY SECURITIES AND USE OF PROCEEDS .
Use of Proceeds
25 unchanged sentences
for resale by the selling stockholders named in the IPO Registration Statement and the related Final Resale Prospectus.
−Removed: As stated in the
−Removed: Final Resale Prospectus, any resales of these shares occurred at a fixed price of $5.00 per share until the Class B Common Stock was listed
−Removed: Thereafter, these sales will occur at fixed prices, at market prices prevailing at the time of sale, at prices related to prevailing
−Removed: market prices, or at negotiated prices.
−Removed: The Company would not receive any proceeds from the resale of Class B Common Stock by the selling
−Removed: stockholders.
+Added: Any resales of
+Added: these shares occurred at a fixed price of $25.00 per share until the Class B Common Stock was listed on Nasdaq.
+Added: Thereafter, these sales
+Added: will occur at fixed prices, at market prices prevailing at the time of sale, at prices related to prevailing market prices, or at negotiated
+Added: The Company will not receive any proceeds from the resale of Class B Common Stock by the selling stockholders.
The IPO Registration Statement also registered
for sale shares of Class B Common Stock with a maximum aggregate offering price of $1,125,000 for an additional 45,000 shares of Class
−Removed: B Common Stock at the assumed public offering price of $5.00 per share upon full exercise of the underwriters’ over-allotment option;
−Removed: and up to an additional 15,750 shares of Class B Common Stock underlying the Representative’s Warrant with a maximum aggregate offering
−Removed: price of $98,437.50 at the assumed exercise price of $6.25 per share assuming full exercise of the over-allotment option .
−Removed: The underwriters’ over-allotment option expired unexercised.
−Removed: The Company has not received any proceeds from the exercise
−Removed: of the Representative’s Warrant because it has not been exercised.
+Added: B Common Stock at the assumed public offering price of $25.00 per share upon full exercise of the underwriters’ over-allotment
+Added: and up to an additional 3,150 shares of Class B Common Stock underlying the Representative’s Warrant with a maximum aggregate
+Added: offering price of $98,437.50 at the assumed exercise price of $31.25 per share assuming full exercise of the over-allotment option.
+Added: underwriters’ over-allotment option expired unexercised.
+Added: The Company has not received any proceeds from the exercise of the Representative’s
+Added: 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
−Removed: to include, among other things, the information contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022,
−Removed: which was filed with the SEC on March 31, 2023.
−Removed: The Post-Effective Amendment maintained the effectiveness of the IPO Registration
−Removed: Statement with respect to the sale of shares of common stock issuable upon exercise of the Representative’s Warrant and
−Removed: the resale of the shares of common stock held by the selling stockholders.
+Added: The Post-Effective Amendment was required to be filed to update the IPO
+Added: Registration Statement to include, among other things, the information contained in our Annual Report on Form 10-K for the fiscal year
+Added: ended December 31, 2022, which was filed with the SEC on March 31, 2023.
+Added: The Post-Effective Amendment maintained the effectiveness
+Added: of the IPO Registration Statement with respect to the sale of shares of common stock issuable upon exercise of the Representative’s
+Added: Warrant and the resale of the shares of common stock held by the selling stockholders.
Updated prospectuses were included with the Post-Effective
+Added: The Post-Effective Amendment also incorporates by reference all documents subsequently filed by the Company pursuant to Sections
+Added: 13(a), 13(c), 14 or 15(d) of the Exchange Act, prior to the termination of the offering described in the prospectuses included with the
+Added: Post-Effective Amendment.
As stated in the IPO
6 unchanged sentences
The following is the
−Removed: Company’s reasonable estimate of the uses of the proceeds from the initial public offering from the date of the closing of the offering
−Removed: on February 7, 2023 through March 31, 2024:
−Removed: None was used for construction of plant, building and facilities;
−Removed: None was used for the purchase and installation of machinery and equipment;
−Removed: None was used for purchases of real estate;
+Added: Company’s reasonable estimate of the uses of the proceeds from the initial public offering from the date of the closing of the
+Added: offering on February 7, 2023 through June 30, 2024:
+Added: was used for construction of plant, building and facilities;
+Added: was used for the purchase and installation of machinery and equipment;
+Added: was used for purchases of real estate;
was used for the acquisition of other businesses;
−Removed: None was used for the repayment of indebtedness;
+Added: was used for the repayment of indebtedness;
+Added: ● Approximately
$5.1 million was used for working capital;
−Removed: None was used for temporary investments.
+Added: was used for temporary investments.
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
5 unchanged sentences
Unregistered Sales of Equity Securities
−Removed: During the three months ended March 31, 2024,
+Added: During the three months ended June 30, 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
1 unchanged sentence
Purchases of Equity Securities
−Removed: No repurchases
−Removed: of our common stock were made during the three months ended March 31, 2024.
−Removed: DEFAULTS UPON SENIOR SECURITIES.
+Added: No repurchases of our common stock were made
+Added: during the three months ended June 30, 2024.
+Added: DEFAULTS UPON
+Added: SENIOR SECURITIES.
MINE SAFETY DISCLOSURES.
1 unchanged sentence
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.