Only California employers with 15 or more employees have to post a pay range (Senate Bill 1162 [1], effective Jan 1, 2023) [2][3]. Discovery Loop employs only four people (that we know of), so it isn’t required to disclose a salary range in its job posts, of which there is only one [4].
[1] https://hr.ucmerced.edu/hr-units/talent-acquisition/senate-b...
[2] https://www.adp.com/spark/articles/2023/03/pay-transparency-...
It's too bad they would follow the letter of the law, and not state the salary anyway. I see that as a negative indicator, regardless of offer size.