5 unchanged sentences
As of December 31, 2023, our borrowings, including letters of credit, under the Revolving Credit Agreement bore interest at a variable rate per annum equal to the Daily SOFR (as defined in the Revolving Credit Agreement) plus an applicable rate of 3.50%.
−Removed: On February 24, 2023, our interest rate increased to a variable rate per annum equal to the Daily SOFR plus an applicable rate of 3.50%.
As a result, we are subject to interest rate risk based on the Daily SOFR, and our interest obligation on outstanding borrowings will fluctuate with movements in the Daily SOFR.
1 unchanged sentence
As of December 31, 2023, our exposure to interest rate risk calculated using the Daily SOFR was not material.
−Removed: Warrants liability financial instrument risk
−Removed: As a result of having $0.7 million in liability related to outstanding warrants as of December 31, 2022, which warrants are exercisable for shares of Common Stock under certain conditions, we are subject to market risk.
−Removed: The value of the warrants is impacted by changes in the market price of our Common Stock.
−Removed: Table of Conte nt s
−Removed: As of December 31, 2022, a 10% increase in the market price of our Common Stock would result in a $0.2 million increase in the fair value of the Series A Warrants, while a 10% decrease in the market price of our Common Stock would result in a $0.2 million decrease in fair value of the Series A Warrants.
−Removed: For further information on our outstanding warrants, refer to Footnote 5 , Convertible Redeemable Preferred Stock and Stockholders' Equity .
Foreign Currency Risk
11 unchanged sentences
Of this amount, we believe $2.4 million could be subject to income tax withholding of 5% to 15% if the funds were repatriated to the U.S.
+Added: Warrants Liability Financial Instrument Risk
+Added: As a result of having $0.7 million in liability related to outstanding warrants as of December 31, 2023, which warrants are exercisable for shares of Common Stock under certain conditions, we are subject to market risk.
+Added: The value of the warrants is impacted by changes in the market price of our Common Stock.
+Added: As of December 31, 2023, our exposure to market risk related to our warrants, which are scheduled to expire in June 2024, was not material.
Table of Conte nt s
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.