Item 8.01 Other Events.
This Amendment No. 1 to the Current Report on Form 8-K amends Item 8.01 of the
Current Report on Form 8-K filed on February 8, 2023 (the "Original 8-K") to
clarify the post-stock dividend date and the "due bill" procedure dates
regarding the Company's fifty percent (50%) stock dividend of common stock (the
"2023 Stock Dividend") that will be issued to the Company's shareholders.
The record date for the stock dividend will still be February 23, 2023, and the
payment date will still be March 23, 2023. The Company's common stock will be
traded in accordance with the "due bill" procedures of NASDAQ from February 22,
2023, through March 23, 2023. The Company's common stock are expected to begin
trading on a post-stock dividend basis on the NASDAQ Stock Exchange on March 24,
2023.
As of February 23, 2023, there were 43,179,653 shares of the Company's common
stock outstanding. Once the stock dividend is issued, there will be
approximately 64,769,490 shares of the Company's common stock outstanding,
depending on how many fractional shareholders need to be rounded up.
Safe Harbor Statement
There is no guarantee that the Company's Board will authorize, or that the
Company will declare, additional dividends in the future, and the amount of
future dividends, if any, and the authorization and payment thereof, will be
determined by the Board based on the Company's financial condition and such
other factors as the Board deems relevant. The Company's operating performance
and the timing and amount of future dividends is subject to risks and
uncertainties as described under "Risk Factors" in the Company's Annual Report
on Form 10-K for the year ended December 31, 2021.
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