16 unchanged sentences
Accordingly, we cannot pay dividends as a matter of law.
−Removed: Use of Proceeds
−Removed: 17, 2020, our Registration Statement on Form S-1 (File No.
−Removed: 333-234155), as amended (the “Registration Statement”) relating
−Removed: to an underwritten public offering of an aggregate of 2,173,913 units consisting of one share of the Company’s common stock and
−Removed: a warrant to purchase one share of common stock at an exercise price equal to $4.60 per share of common stock was declared effective by
−Removed: The cash proceeds from the offering were $9,023 thousand, net of underwriting discounts and commissions of approximately $800
−Removed: thousand and fees and expenses of approximately $450 thousand.
−Removed: All proceeds from the offering have been utilized and there were no material
−Removed: changes in our use of the net proceeds from the offering, as described in our final prospectus filed with the SEC on June 19, 2020.
Share Repurchase Plan
5 unchanged sentences
Share (or Units)
−Removed: Purchased as Part
+Added: Purchased as Part of
Publicly Announced
9 unchanged sentences
12/01/2023-12/31/2023
−Removed: Effective July 1, 2022, the Company’s Board of Directors terminated the existing share repurchase program
−Removed: and approved a new share repurchase program to replace the existing program due to expire in August 2022 to allow the Company to
−Removed: spend up to $1.5 million to repurchase shares of its common stock, so long as the price does not exceed $5.00 until July 1, 2023.
−Removed: During the three months ended December 31, 2022, the Company repurchased 84,376 shares of common stock under the Company’s current
+Added: (1) Effective December 6, 2023, the Company’s Board of Directors approved a new share repurchase
+Added: program to allow the Company to spend up to $0.5 million to repurchase shares of its common stock, so long as the price does not
+Added: exceed $1.00 until December 14, 2024.
+Added: During the three months ended December 31, 2023, the Company did not repurchase shares of common
+Added: stock under the Company’s program.
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.