1 unchanged sentence
Unregistered sales of equity securities
−Removed: During the three months ended September 30, 2020, an aggregate of 68,607 shares of our common stock were issued upon the exercise of
−Removed: options, at exercise prices ranging from $1.30 to $3.45 per share to a total of 30 employees under our 2018 Equity Incentive Plan, for aggregate proceeds to us of approximately $0.1 million.
−Removed: The sales and issuances of the securities described
−Removed: in the preceding sentence were deemed to be exempt from registration either under the Securities Act in reliance on Rule 701 promulgated under the Securities Act, or Rule 701, as transactions under compensatory benefit plans and contracts relating
−Removed: to compensation, or Section 4(a)(2) of the Securities Act as transactions by an issuer not involving a public offering.
−Removed: The recipients of such securities were our employees, directors or consultants and received the securities under our equity
−Removed: incentive plans.
−Removed: Appropriate legends were affixed to the securities issued in these transactions.
Use of proceeds from our IPO
−Removed: On October 15, 2020, our registration statement on Form S-1 (File
+Added: On October 15, 2020, our registration statement on Form S-1 (File No.
333-249077) relating to our IPO of Common Stock became effective.
−Removed: The IPO closed on October 20, 2020 at which time we issued 10,000,000 shares of common stock at a public offering price of $15.00
+Added: The IPO closed on October 20, 2020 at which time we issued 10,000,000 shares of common stock at a public offering price of $15.00 per share.
We received net proceeds from the IPO of approximately $135.4 million, after deducting the underwriting discounts and commissions of $10.5 million and expenses of $4.1 million.
−Removed: None of the expenses associated with the IPO
−Removed: were paid to directors, officers, persons owning 10% or more of any class of equity securities, or to our affiliates.
−Removed: On November 5, 2020 the underwriters of the IPO partially exercised their overallotment option by purchasing an additional
−Removed: 1,150,000 shares from the Company at the IPO price, resulting in an additional $16.0 million in net proceeds after deducting the underwriting discounts and commissions.
+Added: None of the expenses associated with the IPO were paid to directors, officers, persons owning 10% or more of any class of equity securities, or to our affiliates.
+Added: On November 5, 2020 the underwriters of the IPO partially exercised their overallotment option by purchasing an additional 1,150,000 shares from the Company at the IPO price, resulting in an additional $16.0 million in net proceeds after deducting the underwriting discounts and commissions.
Morgan Securities LLC, Jefferies LLC, Piper Sandler & Co.
acted as joint book-running managers for the offering.
−Removed: There has been no material change in the planned use of proceeds from the IPO from
−Removed: that described in the prospectus filed with the SEC pursuant to Rule 424(b)(4) under the Securities Act on October 19, 2020.
−Removed: Issuer purchasers
−Removed: of equity securities
+Added: There has been no material change in the planned use of proceeds from the IPO from that described in the prospectus filed with the SEC pursuant to Rule 424(b)(4) under the Securities Act on October 19, 2020.
+Added: Issuer purchasers 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.