9 unchanged sentences
by brokers and other nominees.
−Removed: We have never paid any cash
−Removed: dividends on our common stock.
−Removed: We currently intend to retain all available funds and any future earnings for use in the operation of our
−Removed: business and do not anticipate paying any cash dividends on our common stock in the foreseeable future.
−Removed: Any future determination to declare
−Removed: dividends will be made at the discretion of our board of directors and will depend on our financial condition, operating results, capital
−Removed: requirements, general business conditions and other factors that our board of directors may deem relevant.
+Added: We have never paid any
+Added: cash dividends on our common stock.
+Added: We currently intend to retain all available funds and any future earnings for use in the operation
+Added: of our business and do not anticipate paying any cash dividends on our common stock in the foreseeable future.
+Added: Any future determination
+Added: to declare dividends will be made at the discretion of our board of directors and will depend on our financial condition, operating results,
+Added: capital requirements, general business conditions and other factors that our board of directors may deem relevant.
Recent Sales of Unregistered Securities
3 unchanged sentences
On February 16, 2021, the U.S.
−Removed: Securities and Exchange
−Removed: Commission declared effective our registration statement on Form S-1 (File No.
−Removed: 333-235891), as amended, filed in connection with our IPO.
−Removed: There has been no material change in the planned use of proceeds from our IPO from that described in the related prospectus dated February
−Removed: 16, 2021, filed with the SEC pursuant to Rule 424(b)(4) under the Securities Act.
−Removed: As described in such IPO prospectus, we have used IPO
−Removed: proceeds to reduce our bank debt by $4.0 million, to fund a $2.0 million cash reserve to serve as collateral for our remaining $2.0 million
−Removed: of bank debt that replaced collateral previously provided by a related party, to pay down a significant percentage of our accounts payable
−Removed: as of December 31, 2020, and to pay deferred compensation owed to a related party.
−Removed: In July 2021, certain holders of our publicly traded
−Removed: Series A Warrants exercised approximately 1.1 million warrants for approximately 1.1 million shares of common stock at the cash exercise
−Removed: price of $4.5375 per share and as a result, we received additional cash proceeds of approximately $5.0 million.
−Removed: In addition, we paid the
−Removed: remaining $2.0 million, out of our restricted cash, to pay off and terminate our line of credit.
+Added: Securities and
+Added: Exchange Commission declared effective our registration statement on Form S-1 (File No.
+Added: 333-235891), as amended, filed in connection with
+Added: There has been no material change in the planned use of proceeds from our IPO from that described in the related prospectus dated
+Added: February 16, 2021, filed with the SEC pursuant to Rule 424(b)(4) under the Securities Act.
+Added: As described in such IPO prospectus, we have
+Added: used IPO proceeds to reduce our bank debt by $4.0 million, to fund a $2.0 million cash reserve to serve as collateral for our remaining
+Added: $2.0 million of bank debt that replaced collateral previously provided by a related party, to pay down a significant percentage of our
+Added: accounts payable as of December 31, 2020, and to pay deferred compensation owed to a related party.
+Added: In July 2021, certain holders of our
+Added: publicly traded Series A Warrants exercised approximately 44,000 warrants for approximately 1.1 million shares of common stock at
+Added: the cash exercise price of $113.4375 per share and as a result, we received additional cash proceeds of approximately $5.0 million.
+Added: In addition, we paid the remaining $2.0 million, out of our restricted cash, to pay off and terminate our line of credit.
Issuer Purchases of Equity Securities
−Removed: We did not repurchase any of our equity securities during the period covered
−Removed: by this Annual Report.
+Added: We did not repurchase any of our equity securities during the period
+Added: covered by this Annual Report.
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.