As a smaller reporting company as defined by Rule
−Removed: 12b-2 of the Exchange Act, and in item 10(f)(1) of Regulation S-K, we are electing scaled disclosure reporting obligations and therefore
−Removed: are not required to provide the information requested by this item.
−Removed: In any event, please see below for a risk factor in connection with
−Removed: the Company’s share buyback program.
−Removed: Our share buyback program that was approved
−Removed: by the Board in August 2023 could affect our stock price and increase its volatility, and may reduce the market liquidity for our stock.
−Removed: The share buyback program may also materially impact the Company’s liquidity.
−Removed: Repurchases pursuant to the share buyback program
−Removed: entered into in August 2023, or any other share buyback program we adopt in the future, could affect our stock price and increase its
−Removed: volatility and may reduce the market liquidity for our stock.
−Removed: The existence of a share buyback program could also cause our stock price
−Removed: to be higher than it would be in the absence of such a program.
−Removed: Additionally, these repurchases will diminish our cash and may subject
−Removed: us to additional taxes, which could impact our ability to pursue possible future strategic opportunities and acquisitions and would result
−Removed: in lower overall returns on our cash balances.
−Removed: There can be no assurance that any share repurchases will, in fact, occur, or, if they
−Removed: occur, that they will enhance stockholder value.
−Removed: Although share buyback programs are intended to enhance long-term stockholder value,
−Removed: short-term stock price fluctuations could reduce the effectiveness of these repurchases.
+Added: 12b-2 of the Securities Exchange Act of 1934, as amended, and in item 10(f)(1) of Regulation S-K, we are electing scaled disclosure reporting
+Added: obligations and therefore are not required to provide the information requested by this item.
+Added: In any event, there have been no material
+Added: changes in our risk factors as previously disclosed in our Annual Report on Form 10-K filed with the SEC on April 1, 2024.
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.