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traded on Nasdaq under the ticker symbol “VSPR.”
−Removed: As of February 24, 2023, there were 59 holders of record of our Class A Common Stock.
+Added: As of March 9, 2024 , there were 51 holders of record of our Class A Common Stock.
The actual number of stockholders of our Class A Common Stock is greater than this number of record holders and includes stockholders who are beneficial owners, but whose shares of Class A Stock are held in street name by banks, brokers and other nominees.
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We are authorized by the Board of Directors to repurchase shares of our Class A Common Stock from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions, or accelerated share repurchase programs depending on market conditions and other factors.
−Removed: The following table provides information relating to the repurchase of our Class A Common Stock during the referenced periods:
−Removed: Period Total Number of Shares Purchased
−Removed: Average Price Paid Per Share
−Removed: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs
−Removed: Approximate Dollar Value of
−Removed: Shares That May Yet Be Purchased
−Removed: Under the Plans or Programs (1)
−Removed: September 2022 9,280,570 $10.78 9,280,570 $ 100,000,000
−Removed: October 2022 — $— $— — $ —
−Removed: November 2022 9,478,673 $8.44 9,478,673 $ —
+Added: The following table presents information related to our purchases of the Company's Class A Common Stock during the quarter ended December 31, 2023:
+Added: Period Total Number of Shares Repurchased Average Price Paid per Share Total Number of Shares Purchased as Part of a Publicly Announced Plan or Program (1)
+Added: Maximum Approximate Dollar Value of Shares that May Yet Be Purchased Under Publicly Announced Plan or Program (1)
+Added: October 1, 2023 through October 31, 2023 1,311,315 $ 5.83 1,311,315 $ 89,974,044
+Added: November 1, 2023 through November 30, 2023 6,704,261 $ 2.22 6,704,261 $ 75,094,120
+Added: December 1, 2023 through December 31, 2023 1,915,931 $ 2.74 1,915,931 $ 69,844,738
9,931,507 $ 2.80 9,931,507 $ 69,844,738
−Removed: (1) The Company was authorized by the Board of Directors to repurchase up to $200 million of its outstanding shares of Class A Common Stock under a common stock repurchase program announced on September 27, 2022.
−Removed: The Company subsequently entered into accelerated share repurchase programs with a financial institution.
−Removed: As of December 31, 2022, the Company paid $200 million and took delivery of 18.8 million shares of Class A Common Stock.
−Removed: Under the accelerated repurchase program, the Company is expected to receive a final settlement in shares in June 2023.
+Added: (1) On September 12, 2023, the Company’s Board of Directors approved a share repurchase program authorizing the Company to repurchase up to $100.0 million of the Company’s Class A Common Stock.
+Added: During the quarter ended December 31, 2023, the Company repurchased approximately 9.9 million shares for $27.8 million, excluding taxes.
+Added: The share repurchase program does not obligate the Company to repurchase any specific number of shares, and may be suspended or discontinued at any time.
+Added: Under the share repurchase plan, shares may be repurchased through a variety of methods including, but not limited to, open market transactions, privately negotiated transactions, transactions structured through investment banking institutions, or otherwise in compliance with Rule 10b5-1, and, to the extent applicable, Rule 10b-18 under the Exchange Act.
+Added: However, subject to applicable rules and regulations, the extent to which the Company repurchases shares, and the timing of such repurchases, will depend upon a variety of factors as determined by the Company’s management.
Performance Graph
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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.