3 unchanged sentences
We also have foreign currency exchange rate risk from our global operations, although we do not believe this risk to be significant.
−Removed: Except as set forth below, there have been no material changes in our exposure to market risk during the three months ended March 31, 2020 as compared to our market risk disclosures set forth in Item 7A , "Quantitative and Qualitative Disclosures About Market Risk" within the 2019 10-K.
+Added: Except as set forth below, there have been no material changes in our exposure to market risk during the three months ended June 30, 2020 as compared to our market risk disclosures set forth in Item 7A , "Quantitative and Qualitative Disclosures About Market Risk" within the 2019 10-K.
Interest rate risk
As a result of having $204.0 million aggregate principal amount of Notes outstanding, which are convertible into shares of Common Stock at a conversion price of $31.29 per share (the "Conversion Price"), we are subject to interest rate risk.
−Removed: As of March 31, 2020 , the interest rate on the Notes was 12.0% per year.
+Added: As of June 30, 2020, the interest rate on the Notes was 12.0% per year.
The interest rate reset on January 30, 2020 and will remain at 12.0% (subject to certain conditions) until February 1, 2021 (the "Interest Reset Date").
4 unchanged sentences
Interest Reset Date) is:
−Removed: Then the Interest Rate from
+Added: Implied VWAP Then the Interest Rate from
the applicable Interest Reset
2 unchanged sentences
Date shall be:
−Removed: $31.29 or higher
−Removed: 1.45 or higher
−Removed: $21.58 or less
+Added: 1.0 or less $31.29 or higher 4.0%
+Added: 1.05 $29.80 4.3%
+Added: 1.10 $28.45 4.7%
+Added: 1.15 $27.21 5.0%
+Added: 1.20 $26.08 5.3%
+Added: 1.25 $25.03 5.7%
+Added: 1.30 $24.07 6.0%
+Added: 1.35 $23.18 8.0%
+Added: 1.40 $22.35 10.0%
+Added: 1.45 or higher $21.58 or less 12.0%
If the Conversion Premium is between two Conversion Premium amounts in the table above, the interest rate is determined by straight-line interpolation between the interest rates for the higher and lower Conversion Premium amounts.
As discussed in Footnote 4 , Long-term Debt , we have the ability, subject to certain conditions, to pay interest on the Notes through the issuance of PIK Interest Shares.
−Removed: We elected to pay the interest due on January 2, 2020 and April 1, 2020 in cash.
+Added: We elected to pay the interest due on January 2, 2020, April 1, 2020 and July 1, 2020 in cash.
Interest rate reset derivative financial instrument, warrants liability financial instrument, and foreign currency risk
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.