5 unchanged sentences
We are also restricted from paying cash dividends on common stock under our 2024 Amended Term Loan Agreement.
−Removed: During 2024, we sold, in private placements, an aggregate of 40,000 shares of redeemable convertible preferred stock, par value $0.0001 per share, for total net proceeds of $39.0 million to certain funds managed by Luminus Management, LLC, Oaktree Capital Management, LP, and LSP Investment Advisors, LLC, the Company’s largest three existing stockholders (collectively, the “Investors”) that represent 50 percent of our board of directors.
−Removed: Proceeds from such sales were used to fund operations and meet debt payment requirements.
−Removed: The private placements of the redeemable convertible preferred stock were undertaken in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) thereof.
−Removed: For additional information and a description of conversion, see Part I.
−Removed: Consolidated Financial Statements and Supplementary Data— Note 12, “Redeemable Convertible Preferred Stock” to this Annual Report on Form 10-K.
Changes in Securities, Use of Proceeds and Issuer Purchases of Equity Securities
+Added: Recent Sales of Unregistered Securities
+Added: On March 3, 2026, we entered into a definitive agreement to sell in a private placement to an institutional investor 1,800,000 shares of our common stock and 927,273 prefunded warrants for the purchase of common stock at $5.50 per share for total proceeds of $15.0 million.
+Added: The offering closed on March 4, 2026, on satisfaction of customary closing conditions.
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.