−Removed: Unregistered Sales of Equity
−Removed: Securities and Use of Proceeds
−Removed: On October 25, 2022, 1,400,000 shares of Series A Preferred Stock and 100,000
−Removed: shares of Series B Preferred Stock (together, the Preferred Stock”) were issued to certain institutional investors in a private
−Removed: The Preferred Stock has an aggregate stated value of $15,000,000 and each share of the Preferred Stock has a purchase price
−Removed: The Company and the holders of the Preferred Stock entered into a registration rights agreement to register the resale of the
−Removed: shares of common stock issuable upon conversion of the Preferred Stock.
−Removed: The $14.3 million, representing a 5% original issue discount, in gross proceeds from the sale of the Preferred
−Removed: 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
+Added: Item 2 — UNREGISTERED SALES OF EQUITY
+Added: (c) Purchases of Equity Securities by the
+Added: On May 31, 2022, the Company announced
+Added: that its Board of Directors approved a 2022 share repurchase program, authorizing the Company to purchase up to $12.5 million of the Company's
+Added: Common Stock.
+Added: Share repurchases were made at management’s discretion from time to time on the open market transactions.
+Added: The repurchase
+Added: program was completed during the first quarter of 2023.
+Added: On January 25, 2023, the Company
+Added: announced that its Board of Directors approved a new 2023 share repurchase program authorizing the Company to purchase up to $12.5 million
+Added: of the Company's Common Stock.
+Added: Share repurchases may be made at management’s discretion from time to time on the open market transactions.
+Added: The following table provides information with
+Added: respect to Common Stock purchases by the Company during the fiscal first quarter of 2023:
+Added: Fiscal Month Period
+Added: of Shares Purchased (1)
+Added: Total Number of Shares
+Added: Purchased as Part of Publicly Announced Plans or Programs
+Added: Maximum Number of
+Added: Shares that May Yet Be Purchased Under the Plans or Programs
+Added: January 1, 2023 through January 31, 2023
+Added: February 1, 2023 through February 28, 2023
+Added: March 1, 2023 through March 31, 2023
+Added: During the fiscal first quarter of 2023, the Company repurchased an aggregate of 16,700,269 shares of Common
+Added: Stock in open-market transactions, of which 15,700,269 shares were purchased pursuant to the 2022 repurchase program that was publicly
+Added: announced on May 31, 2022, and 1,000,000 of which were purchased pursuant to the 2023 repurchase program that was publicly announced on
+Added: January 25, 2023.
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.