Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: (a) Recent Sales of Unregistered Equity Securities
−Removed: Issuances of Common Stock
−Removed: On July 6, 2021, upon the closing of our initial public offering, we issued 178,847 shares of our common stock upon the automatic net exercise of warrants to purchase 248,247 shares of our common stock.
−Removed: The offer, sale, and issuance of these securities were deemed to be exempt from registration under Section 4(a)(2) of the Securities Act (and Regulation D promulgated thereunder) as transactions by an issuer not involving any public offering.
−Removed: On July 6, 2021, upon the closing of our initial public offering, all shares of our then outstanding convertible preferred stock were automatically converted into 28,232,672 shares of common stock.
−Removed: The issuance of such shares of common stock was exempt from registration under Section 3(a)(9) of the Securities Act.
−Removed: In September 2021, a holder of options to purchase common stock exercised options to purchase a total of 2,236 shares of common stock at an exercise price of $0.7152 per share, for aggregate consideration less than $0.1 million.
−Removed: These issuances were exempt from registration under the Securities Act pursuant to the exemption provided in Rule 701 of the Securities Act.
−Removed: (b) Use of Proceeds
+Added: Recent Sales of Unregistered Equity Securities
+Added: Use of Proceeds
On June 30, 2021, our Registration Statement on Form S-1,
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There has been no material change in the planned use of proceeds from our initial public offering as described in our prospectus filed pursuant to Rule 424(b)(4) under the Securities Act with the SEC on July 2, 2021.
−Removed: (c) Issuer Purchases of Equity Securities
+Added: Issuer Purchases of Equity Securities
Defaults Upon Senior Securities.
3 unchanged sentences
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.