Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Our units began to trade on The Nasdaq Capital Market, or Nasdaq, under the symbol “ATSPU” on March 11, 2021.
−Removed: The subunits and warrants comprising the units began separate trading on Nasdaq on April 14, 2021, under the symbols “ATSPT” and “ATSPW”, respectively.
−Removed: Holders of Record
−Removed: of December 31, 2021, there were 17,461,000 of our shares of common stock issued and outstanding held by 24 stockholders of record.
−Removed: The number of record holders was determined from the records of our transfer agent and does not include beneficial owners of shares of
−Removed: common stock whose shares are held in the names of various security brokers, dealers, and registered clearing agencies.
−Removed: We have not paid any cash dividends on our common
−Removed: stock to date and do not intend to pay cash dividends prior to the completion of an initial business combination.
−Removed: The payment of cash
−Removed: dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition
−Removed: subsequent to completion of a business combination.
−Removed: The payment of any dividends subsequent to a business combination will be within the
−Removed: discretion of our board of directors at such time.
−Removed: It is the present intention of our board of directors to retain all earnings, if any,
−Removed: for use in our business operations and, accordingly, our board of directors does not anticipate declaring any dividends in the foreseeable
−Removed: In addition, our board of directors is not currently contemplating and does not anticipate declaring any share dividends in the
−Removed: foreseeable future.
−Removed: Further, if we incur any indebtedness, our ability to declare dividends may be limited by restrictive covenants we
−Removed: may agree to in connection therewith.
+Added: Market Information for Common Stock
+Added: Our Class A common stock is listed on the Nasdaq Global Market under the symbol “SOUN.” Our Class B common stock is neither listed nor traded.
+Added: Our listed redeemable warrants are listed on the Nasdaq Global Market under the symbol “SOUNW.”
+Added: According to the records of our transfer agent, there were 141 holders of record of our Class A common stock, 3 holders of record of our Class B common stock and 31 holders of record of our listed redeemable warrants on December 31, 2022.
+Added: We do not anticipate paying any cash dividends in the foreseeable future.
Securities Authorized for Issuance Under Equity Compensation Plans
+Added: See Item 12 for information regarding securities authorized for issuance under our equity compensation plans.
Recent Sales of Unregistered Securities
−Removed: Use of Proceeds
−Removed: On March 15, 2021, the Company consummated its
−Removed: IPO of 12,000,000 units (the “Public Units”).
−Removed: Each Public Unit consists of i) one subunit (the “Public Subunit”),
−Removed: which consists of one share of common stock (the “Public Share”) and one-quarter of one warrant (the “Public Warrant”)
−Removed: and ii) one-quarter of one Public Warrant, with each whole warrant entitling the holder thereof to purchase one share of common stock,
−Removed: par value $0.0001 per share, for $11.50 per share.
−Removed: The Public Units were sold at a price of $10.00 per unit, generating gross proceeds
−Removed: to the Company of $120,000,000.
−Removed: The Company paid the underwriters, in aggregate, a fixed underwriting discount of $2,400,000.
−Removed: granted the underwriters a 45-day option from the date of the IPO to purchase up to an additional 1,800,000 Public Units to cover over-allotments.
−Removed: On March 15, 2021, simultaneously with the consummation
−Removed: of the IPO, the Company completed the private placement (the “Private Placement”) of an aggregate of 390,000 units (the “Private
−Removed: Units”) to the Sponsor and EarlyBirdCapital, Inc.
−Removed: (“EarlyBirdCapital”) at a purchase price of $10.00 per Private Unit,
−Removed: generating gross proceeds to the Company of $3,900,000.
−Removed: March 19, 2021, the underwriters partially exercised the over-allotment option to purchase 1,300,000 Public Units.
−Removed: The Public Units were
−Removed: sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $13,000,000.
−Removed: The Company paid the underwriters, in aggregate,
−Removed: a fixed underwriting discount of $260,000.
−Removed: Simultaneously with the exercise of the over-allotment option, the Company completed the Private
−Removed: Placement of an aggregate of 26,000 Private Units to the Sponsor and EarlyBirdCapital, at a purchase price of $10.00 per Private Unit,
−Removed: generating gross proceeds to the Company of $260,000.
−Removed: As of December 31, 2021, a total of $133,010,583
−Removed: was held in the trust account (the “Trust Account”), $133,000,000 of which is the proceeds from the IPO and Private Placement
−Removed: and $10,583 of which was interest income generated by the proceeds in Trust.
−Removed: For a description of the use of the proceeds generated in our initial public offering, see below Part II, Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations of this Form 10-K.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
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.