1 unchanged sentence
Purchases of Equity Securities
−Removed: No public market exists for our Class A or Class B
−Removed: Common Stock.
−Removed: As of March 4, 2020, there were 242 record holders of our Class A Common Stock and 10 record holders of our Class B Common Stock.
−Removed: We have not paid dividends on either class of our Common Stock during the last two fiscal years.
−Removed: For a discussion of restrictions on our ability to pay dividends, see Item 7 – Management’s Discussion and Analysis of Financial Condition
−Removed: and Results of Operations – Liquidity and Capital Resources and Note 6 – Current Liabilities and Debt Obligations to the consolidated financial statements.
−Removed: As of December 31, 2019, there were 45,143,460 and 4,037,628 issued and outstanding shares of Class A and Class B Common
−Removed: Stock, respectively.
−Removed: Our 12% Cumulative Exchangeable Redeemable Preferred Stock (“Public Preferred Stock”) trades over the OTC Bulletin Board
−Removed: and the OTCQB marketplace under the symbol “TLSRP”.
−Removed: The total number of shares issued and outstanding at December 31, 2019 was 3,185,586.
−Removed: See Note 7 – Redeemable Preferred Stock to the consolidated financial statements.
+Added: Our common stock is traded on the Nasdaq Global Market under the symbol “TLS”.
+Added: As of December 31, 2020, there were
+Added: approximately 231 registered shareholders of record, not including the number of persons or entities whose stock is held in nominee or "street" name through various brokerage firms.
+Added: There was no public market for our common stock prior to November
+Added: Performance Graph
+Added: This performance graph shall not be deemed “soliciting material” or to be “filed”
+Added: with the Securities Exchange Commission (“SEC”) for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities under that Section, and shall not be deemed to be incorporated by
+Added: reference into any of our filings under the Securities Act or the Exchange Act.
+Added: The following graph compares the cumulative total return to stockholders on our common stock since
+Added: November 19, 2020 (the date our common stock commenced trading on the NASDAQ National Market) relative to the cumulative total returns of the Standard & Poor’s 500 Index and the Standard & Poor’s Information Technology Index over the same
+Added: An investment of $100 (with reinvestment of all dividends) is assumed to have been made in our common stock and in each index at the market close on November 19, 2020, and its relative performance is tracked through December 31, 2020.
+Added: returns shown are based on historical results and are not intended to suggest future performance.
Selected Financial Data
4 unchanged sentences
Operating income (loss)
−Removed: (Loss) income before income taxes
−Removed: Net loss attributable to Telos Corporation
+Added: Income (loss) income before income taxes
+Added: Net income (loss) attributable to Telos Corporation
FINANCIAL CONDITION
2 unchanged sentences
Senior term loan (1)
−Removed: Senior credit facility, long-term (1)
Subordinated debt, long-term (1)
9 unchanged sentences
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.