Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
−Removed: Market Information
−Removed: Our Class A ordinary shares traded on the NASDAQ under the symbol “SVFC.”
−Removed: On December 31, 2021, there were two holders of record of SVF 3’s Class A ordinary shares and four holders of record of SVF 3’s Class B ordinary shares.
−Removed: The number of holders of record does not include a substantially greater number of “street name” holders or beneficial holders whose shares are held of record by banks, brokers and other financial institutions.
−Removed: SVF 3 has not paid any cash dividends on its ordinary shares to date and does not intend to pay cash dividends prior to the completion of the Business Combination.
−Removed: The payment of cash dividends in the future will be dependent upon the Post-Combination Company’s revenue and earnings, if any, capital requirements and general financial condition subsequent to completion of the Business Combination.
−Removed: The payment of any cash dividends subsequent to the Business Combination will be within the discretion of the Post-Combination Company’s board of directors at such time.
−Removed: The Post-Combination Company’s ability to declare dividends may also be limited by restrictive covenants pursuant to any debt financing agreements.
−Removed: Securities Authorized for Issuance Under Equity Compensation Plans
+Added: Market Information for Common Stock
+Added: Our Class A Common Stock, par value $0.0001 per share, is traded on NASDAQ under the symbol “SYM”.
+Added: Our Class V-1 Common Stock, par value $0.0001 per share, and Class V-3 Common Stock, par value $0.0001 per share, that are convertible into our Class A common stock are not traded on any established public trading market.
+Added: Holders of our Common Stock
+Added: As of December 5, 2022, there were approximately 56 holders of record of our Class A Common Stock, approximately 48 holders of our Class V-1 Common Stock and approximately 10 holders of record of our Class V-3 Common Stock.
+Added: Certain shares of our Class A Common Stock are held in “street” name and, accordingly, the number of beneficial owners of such shares is not known or included in the foregoing number.
+Added: The number of holders of record also does not include beneficial owners of shares that are be held in trust by other entities.
+Added: We have never paid or declared any cash dividends on our common stock, and we do not anticipate paying any cash dividends in the foreseeable future.
+Added: Issuer Purchases of Equity Securities
+Added: There were no purchases of equity securities by the issuer or affiliated purchasers, as defined in Rule 10b-18(a)(3) the Securities Exchange Act of 1934, during the quarter ended September 24, 2022.
Performance Graph
−Removed: Not applicable.
+Added: We are a “smaller reporting company,” as defined by Item 10(f)(1) of Regulation S-K, and therefore are not required to provide the information required by paragraph (e) of Item 201 of Regulation S-K.
Recent Sales of Unregistered Securities
−Removed: On December 14, 2020, our Sponsor paid $25,000, or approximately $0.009 per share, to cover certain of our expenses in consideration of 2,875,000 Class B ordinary shares, par value $0.0001 per share.
−Removed: On January 29, 2021, we issued additional 12,125,000 Class B ordinary shares to our Sponsor by way of dividend.
−Removed: On February 3 and February 26, 2021, our Sponsor surrendered 5,000,000 and 2,000,000 Class B ordinary shares, respectively, resulting in our sponsor holding a total of 8,000,000 Class B ordinary shares.
−Removed: On February 24, 2021, our Sponsor transferred 50,000 Class B ordinary shares to each of Michael Carpenter and Michael Tobin.
−Removed: In connection with Cristiana Falcone’s appointment to the Board, our Sponsor transferred 50,000 Class B ordinary shares to Cristiana Falcone.
−Removed: Prior to the initial investment in the company of $25,000 by the Sponsor, SVF 3 had no assets, tangible or intangible.
−Removed: The per share price of the Founder Shares was determined by dividing the amount contributed to SVF 3 by the number of Founder Shares issued.
−Removed: Our sponsor is an accredited investor for purposes of Rule 501 of Regulation D.
−Removed: Each of the equity holders in our sponsor is an accredited investor under Rule 501 of Regulation D.
−Removed: The sole business of our sponsor is to act as the company’s sponsor in connection with our initial public offering.
−Removed: No underwriting discounts or commissions were paid with respect to such sales.
−Removed: Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: SELECTED FINANCIAL DATA
+Added: None, other than as set forth in our Current Report on Form 10-K filed on June 13, 2022.
+Added: Securities Authorized for Issuance Under Equity Compensation Plans
+Added: The information required by Item 5 of Form 10-K regarding equity compensation plans is incorporated herein by reference to Item 12 of Part III of this Annual Report.
Not applicable.
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.