1 unchanged sentence
Securities and Use of Proceeds
−Removed: On June 24, 2022, 2,500,000 shares
−Removed: of Series A Preferred Stock and 500,000 shares of Series B Preferred Stock were issued to certain institutional investors in a
−Removed: private placement.
−Removed: The Preferred Stock has an aggregate stated value of $30,000,000 and each share of the Preferred Stock has
−Removed: a purchase price of $9.50.
−Removed: The Company and the holders of the Preferred Stock entered into a registration rights agreement to
−Removed: register the resale of the shares of common stock issuable upon conversion of the Preferred Stock.
−Removed: The $28.5 million in gross
−Removed: proceeds from the sale of the Preferred Stock is being held in escrow and is expected to be used to fund the redemption of the
−Removed: Preferred Stock, which is expected to occur in 2022.
+Added: On October 25, 2022, 1,400,000 shares of Series A Preferred Stock and 100,000
+Added: shares of Series B Preferred Stock (together, the Preferred Stock”) were issued to certain institutional investors in a private
+Added: The Preferred Stock has an aggregate stated value of $15,000,000 and each share of the Preferred Stock has a purchase price
+Added: The Company and the holders of the Preferred Stock entered into a registration rights agreement to register the resale of the
+Added: shares of common stock issuable upon conversion of the Preferred Stock.
+Added: The $14.3 million, representing a 5% original issue discount, in gross proceeds from the sale of the Preferred
+Added: Stock is being held in escrow and is expected to be used to fund the redemption of the Preferred Stock, which is expected to occur in
Defaults Upon Senior Securities
1 unchanged sentence
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.