5 unchanged sentences
have never declared or paid any cash dividends on our common stock.
−Removed: We anticipate that we will retain all available funds and future
−Removed: earnings, if any, for use in the operation of our business and do not anticipate paying cash dividends in the foreseeable future.
−Removed: addition, future debt instruments may materially restrict our ability to pay dividends on our common stock.
−Removed: Payment of future cash dividends,
−Removed: if any, will be at the discretion of the board of directors after taking into account various factors, including our financial condition,
−Removed: operating results, current and anticipated cash needs, the requirements of then-existing senior equity and debt instruments and other
−Removed: factors the board of directors deems relevant.
+Added: terms of the Series A Preferred Stock and Series A-1 Preferred Stock provide for cumulative cash dividends at an annual rate of 8% of
+Added: the original issue price of $25.00 per share of preferred stock, payable quarterly in arrears.
+Added: In the event the full cumulative dividends
+Added: are not paid on a dividend payment date, dividends will accrue on the sum of the original issue price, plus the amount of unpaid dividends,
+Added: at an annual rate of 12%, until such date as the Company has paid all previously accrued but unpaid dividends.
+Added: Holders of Series A Preferred
+Added: Stock and Series A-1 Preferred Stock are also entitled to participate in and receive any dividends declared or paid on the Company’s
+Added: common stock on an as-converted basis.
+Added: anticipate that we will retain all available funds and future earnings, if any, for use in the operation of our business and do not anticipate
+Added: paying cash dividends, other than those due to holders of our Series A Preferred Stock and Series A-1 Preferred Stock, in the foreseeable
+Added: In addition, future debt instruments may materially restrict our ability to pay dividends on our common stock.
+Added: Payment of future
+Added: cash dividends, if any, on our common stock will be at the discretion of the board of directors after taking into account various factors,
+Added: including our financial condition, operating results, current and anticipated cash needs, the requirements of then-existing senior equity
+Added: and debt instruments and other factors the board of directors deems relevant.
Sales of Unregistered Securities
−Removed: The following is a summary of issuances of unregistered securities during the fourth quarter of 2023,
−Removed: to the extent not previously disclosed in a Current Report on Form 8-K filed by the Company:
−Removed: 53,764 shares of restricted shares of common
−Removed: stock were granted pursuant to agreements regarding services provided to the Company.
−Removed: the first quarter of 2024, 393,703 shares of restricted shares of common stock were granted pursuant to agreements regarding services
−Removed: provided to the Company.
+Added: following is a summary of issuances of unregistered securities during the fourth quarter of 2024, to the extent not previously
+Added: disclosed in a Current Report on Form 8-K filed by the Company:
+Added: 100,000 shares of restricted shares of common stock and 100,000
+Added: options exercisable into common stock at $1.40 per share vesting quarterly over a year were granted pursuant to agreements regarding
+Added: services provided to the Company.
sales or issuances of the securities described above were deemed to be exempt from registration pursuant to Section 4(a)(2) of the Securities
13 unchanged sentences
December 1, 2024 - December 31, 2024
−Removed: Includes shares repurchased to satisfy tax withholding obligations due upon the vesting of restricted stock held by certain employees.
−Removed: We did not pay cash to repurchase these shares, nor were these repurchases part of a publicly announced plan or program.
+Added: shares repurchased to satisfy tax withholding obligations due upon the vesting of restricted
+Added: stock held by certain employees.
+Added: We did not pay cash to repurchase these shares, nor were
+Added: these repurchases part of a publicly announced plan or program.
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.