20 unchanged sentences
Any future determination related to our dividend policy will be made at the discretion of our board of directors and will depend upon, among other factors, our results of operations, financial condition, capital requirements, contractual restrictions, business prospects and other factors our board of directors may deem relevant.
−Removed: Use of Proceeds from Initial Public Offering of Common Stock
+Added: Use of Proceeds from Initial Public Offerings of Common Stock
In October 2018, we completed our initial public offering, and sold 18,000,000 shares of our common stock at a price of $18.00 per share pursuant to registration statements on Form S-1 (File Nos.
2 unchanged sentences
As a result of our IPO, we raised a total of approximately $343.3 million in net proceeds after deducting underwriting discounts and commissions of $26.1 million and offering expenses of $3.2 million.
−Removed: Upon completion of our IPO, (1) all outstanding shares of our Series A convertible preferred stock, were converted into 61,655,922 shares of common stock and, (2) we issued 7,856,176 shares of common stock as a result of the automatic conversion of the $120.2 million aggregate principal amount of convertible promissory notes sold in September 2018.
+Added: Upon completion of our IPO, (1) all outstanding shares of our Series A convertible preferred stock were converted into 61,655,922 shares of common stock and (2) we issued 7,856,176 shares of common stock upon the automatic conversion of the $120.2 million aggregate principal amount of convertible promissory notes sold in September 2018.
Upon receipt, the net proceeds from our IPO were held in cash, cash equivalents and investments.
−Removed: As of December 31, 2019, we have not used any of the net proceeds from our IPO.
−Removed: The net proceeds from our IPO will be used, together with our cash and cash equivalents, short-term and long-term investments, to fund continued advancement of our product pipeline, with the balance to be used to fund working capital and other general corporate purposes, which may include licensing, acquiring or investing in complementary businesses, technologies, products or assets.
+Added: As of December 31, 2020, we have used $221.1 million of the net proceeds from our IPO.
+Added: The net proceeds from our IPO are being used, together with our cash and cash equivalents, short-term and long-term investments, to fund continued advancement of our product pipeline, with the balance to be used to fund working capital and other general corporate purposes, which may include licensing, acquiring or investing in complementary businesses, technologies, products or assets.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: Selected Financial Data.
−Removed: The selected statements of operations and comprehensive loss data for the periods presented and the selected balance sheet data as of the dates presented are derived from our financial statements appearing elsewhere in this Annual Report.
−Removed: Our historical results are not necessarily indicative of the results that can be expected in the future.
−Removed: The selected historical financial data below should be read in conjunction with the section titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the financial statements and related notes appearing elsewhere in this Annual Report.
−Removed: Year Ended December 31, Period from November 30, 2017 (Inception) to December 31,
−Removed: 2019 2018 2017
−Removed: Statements of operations and comprehensive loss data:
−Removed: (in thousands, except share and per share amounts)
−Removed: Operating expenses:
−Removed: Research and development $ 144,535 $ 151,860 $ —
−Removed: General and administrative 57,473 40,982 2
−Removed: Total operating expenses 202,008 192,842
−Removed: Loss from operations (202,008) (192,842) (2)
−Removed: Other (expense) income, net:
−Removed: Change in fair value of convertible note payable — (21,211) —
−Removed: Interest expense — (3,358) —
−Removed: Interest and other income, net 17,351 5,789 —
−Removed: Other expenses (268) — —
−Removed: Total other (expense) income, net 17,083 (18,780) —
−Removed: Loss before income taxes (184,925) (211,622) (2)
−Removed: Benefit from income taxes 331 117 —
−Removed: Net loss (184,594) (211,505) (2)
−Removed: Other comprehensive income 839 306 —
−Removed: Net comprehensive loss $ (183,755) $ (211,199) $ (2)
−Removed: Net loss attributable to common stockholders-basic and diluted ¹
−Removed: $ (1.83) $ (7.31) $ 0.00
−Removed: Weighted-average number of common shares used in net loss per share applicable to common stockholders basic and diluted
−Removed: 101,061,149 28,948,386 26,249,993
−Removed: ¹ See the statements of operations and comprehensive loss and Note 17 to our financial statements for further details on the calculation of net loss per share, basic and diluted, and the weighted-average number of shares used in the computation of the per share amounts.
−Removed: As of December 31
−Removed: 2019 2018 2017
−Removed: Balance sheet data:
−Removed: (in thousands)
−Removed: Cash, cash equivalents and investments $ 588,855 $ 721,350 $ —
−Removed: Working capital ² 511,497 438,523 (2)
−Removed: Total assets 717,802 773,855 —
−Removed: Total liabilities 88,779 70,691 2
−Removed: Accumulated deficit (396,122) (211,528) (23)
−Removed: Total stockholders' equity (deficit) 629,023 703,164 (2)
−Removed: ² We define working capital as current assets less current liabilities.
−Removed: See our financial statements for further details regarding our current assets and current liabilities.
+Added: Selected Consolidated Financial Data.
+Added: We have elected to comply with Item 301 of Regulation S-K, as amended February 10, 2021, and are omitting this disclosure in reliance thereon.
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.