1 unchanged sentence
Unregistered Sales of Equity Securities
−Removed: There were no unregistered sales of equity securities during the nine months ended September 30, 2021.
+Added: There were no unregistered sales of equity securities during the three months ended March 31, 2022.
Use of Proceeds
−Removed: On March 18, 2021, the SEC declared effective our registration statement on Form S-11 (Registration No.
−Removed: 333-251762) (the “IPO Registration Statement”) with respect to our IPO.
−Removed: March 23, 2021, we completed our IPO of 6,250,000 shares of our common stock at a price of $19.00 per share, raising $118.8 million in gross proceeds.
−Removed: JMP Securities, Ladenburg Thalmann and Seaport Global Securities served as joint book-running
−Removed: managers and Lake Street served as co-manager.
−Removed: The underwriters also exercised their over-allotment option to purchase up to an additional 937,500 shares of common stock at a price of $19.00 per share, which was completed on March 26, 2021,
−Removed: raising $17.8 million in additional gross proceeds.
−Removed: The offering commenced on March 19, 2021 and did not terminate before all of the securities registered in the IPO Registration Statement were sold.
−Removed: On June 23, 2021, the SEC declared effective our registration statement on Form S-11 (Registration No.
−Removed: 333-257248) (the “Follow-On Registration Statement”) with respect to our
−Removed: follow-on public offering of common stock, in which we registered an aggregate of 3,162,500 shares of our common stock, including 412,500 shares subject to the underwriters’ over-allotment option.
−Removed: On June 28, 2021, we completed our follow-on public
−Removed: offering of 2,750,000 shares of our common stock at a price of $20.50 per share, raising $56,375,000 in gross proceeds.
−Removed: Jefferies, Cowen and JMP Securities served as joint book-running managers.
−Removed: We received net proceeds of approximately $52.6
−Removed: million from our follow-on public offering.
−Removed: The underwriting commissions were approximately $3.1 million.
−Removed: We incurred approximately $0.7 million of expenses in connection with the follow-on public offering.
−Removed: On July 6, 2021, the underwriters
−Removed: partially exercised their over-allotment option to purchase 269,650 shares of the Company’s common stock at a price of $20.50 per share, raising approximately $5.5 million in additional gross proceeds or $5.2 million in net proceeds after
−Removed: underwriting commissions of approximately $0.3 million.
−Removed: The offering commenced on June 24, 2021 and terminated on July 23, 2021 upon expiration of the underwriters’ over-allotment option and before the sale of all securities registered in the
−Removed: Follow-On Registration Statement were sold.
−Removed: All of the underwriting discounts and other expenses were direct or indirect payments to persons other than:
−Removed: (i) our directors, officers or any of their associates; (ii) persons owning ten percent (10%)
−Removed: or more of our common stock; or (iii) our affiliates.
+Added: On January 10, 2022, we completed an underwritten offering of 3,000,000 shares of our common stock, at a price of $20.50 per share.
+Added: Our gross proceeds from the offering were $61.5 million, before deducting
+Added: underwriting discounts and commissions, a structuring fee and offering expenses.
+Added: In connection with the offering, the underwriters were granted an over-allotment option to purchase up to an additional 450,000 shares of our common stock.
+Added: 14, 2022, the underwriters partially exercised the over-allotment option with respect to 291,832 shares of common stock, which was completed on January 19, 2022.
+Added: The underwriting commissions of approximately $3.5 million were reflected as a
+Added: reduction of additional paid-in capital in the first quarter of fiscal year 2022.
+Added: We incurred approximately $1.0 million of expenses in connection with the offering.
+Added: After giving effect to the partial exercise of the over-allotment option, the
+Added: total number of shares sold in the public offering was 3,291,832 shares and total gross proceeds, before deducting underwriting discounts and commissions, a structuring fee and other offering expenses, were approximately $67.5 million.
Repurchases of Common Stock
−Removed: There were no issuer repurchases of common stock during the quarter ended September 30, 2021.
+Added: There were no issuer repurchases of common stock during the quarter ended March 31, 2022.
Defaults Upon Senior Securities
2 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.