Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
(a)
Sales of Unregistered Securities.
None.
(b)
Use of Proceeds from Public Offering of Common Stock.
We filed our Registration Statement on Form S-1 (File No. 333-249260) with the SEC on October 29, 2020. We sold 4,000,000 shares of common stock at a price to the public of $18.00 per share. The Company received aggregate net proceeds of $63.0 million after deducting offering costs, underwriting discounts and commissions. The underwriters of the offering were Morgan Stanley & Co. LLC, William Blair & Company, L.L.C., Canaccord Genuity LLC and BTIG, LLC. Following the sale of the shares in connection with the closing of the IPO, the offering terminated. No offering expenses were paid or are payable, directly or indirectly, to our directors or officers, to persons owning 10% or more of any class of our equity securities or to any of our affiliates.
There has been no material change in the expected use of the net proceeds from our IPO, as described in our final prospectus filed with the SEC on October 29, 2020 pursuant to Rule 424(b) under the Securities Act.
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Item 3. Defaults Upon Senior Securities.
None.
Item 4. Mine Safety Disclosures.
None.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.