1 unchanged sentence
of Securities
−Removed: were no sales of unregistered securities during the six months ended March 31, 2024, and from the period from September 30, 2023, to
−Removed: the filing date of this Report.
+Added: were no sales of unregistered securities during the nine months ended June 30, 2024.
Stock Issued for Services
−Removed: stock issued for services during the six months ended March 31, 2024 is 437,643 shares with a total fair value of $20,000.
+Added: the nine months ended June 30, 2024, we issued 437,643 shares of common stock in exchange for services rendered.
+Added: Such shares had a
+Added: total fair value of $20 thousand.
Stock Issued Under Equity Incentive Plan
−Removed: issued 2,792,423 shares of common stock for 4,039,824 RSU’s that vested during the six months ended March 31, 2024.
−Removed: of RSUs sold by these employees to fund payroll taxes for the six months ended March 31, 2024 was 1,247,401.
+Added: the nine months ended June 30, 2024, we issued 4,411,949 shares of common stock in exchange for 6,537,045 vested RSUs.
+Added: The number of RSUs sold by these employees to fund payroll taxes for the nine
+Added: months ended June 30, 2024, was 2,125,096.
Stock Issued Under Tender Offer
−Removed: December 26, 2023 we closed a tender offer to exchange approximately 55.5 million 2021 Investor Warrants for shares of common stock and
−Removed: new warrants (“November 2023 Warrant Exchange”).
−Removed: The November 2023 Warrant Exchange had 43,538,501 2021 Investor warrants
−Removed: tendered (78.4% of the outstanding 2021 Investor Warrants) resulting in the issuance of 7,270,958 shares of common stock and 17,415,437
−Removed: new warrants (“New Warrants”).
+Added: December 26, 2023, we closed the November 2023 Warrant Exchange.
+Added: The November 2023 Warrant Exchange had 43,538,501 2021
+Added: Investor warrants tendered (78.4% of the outstanding 2021 Investor Warrants), resulting in the issuance of 7,270,958 shares of common
+Added: stock and 17,415,437 New Warrants.
The New Warrants include these terms:
−Removed: (1) New Warrant can subscribe for and purchase one (1) share of common stock from the Company at an exercise price of eighteen cents
−Removed: ($0.18) on or before December 29, 2028.
+Added: New Warrant can subscribe for and purchase one share of common stock from the Company at an exercise price of $0.18 per share on or
+Added: before December 29, 2028.
New Warrant can be exercised on a cash or cashless basis.
−Removed: New Warrants will automatically convert if the common stock trades at a bid price equal to or greater than thirty-six cents ($0.36)
−Removed: for thirty (30) consecutive trading days.
−Removed: New Warrant holders will be notified if the automatic conversion is triggered and will
−Removed: be provided with twenty (20) trading days to deliver a notice of exercise to the Company.
+Added: New Warrants will automatically convert if the common stock trades at a bid price equal to or greater than $0.36 per share for 30 consecutive trading days.
+Added: New Warrant holders will be notified if the automatic conversion is triggered and will be
+Added: provided with 20 trading days to deliver a notice of exercise to the Company.
New Warrants will be adjusted for stock dividends and stock splits should such an event occur during the term of the New Warrant.
of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: were no purchases of equity securities by the issuer or affiliated purchasers during the six months ended March 31, 2024, and from the
−Removed: period from September 30, 2023, to the filing date of this Report.
+Added: were no purchases of equity securities by the issuer or affiliated purchasers during the nine months ended June 30, 2024.
DEFAULTS UPON SENIOR SECURITIES
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.