Unregistered Sales of Equity Securities and Use of Proceeds.
−Removed: of Proceeds from our Public Offering of Units
+Added: of Proceeds from our Initial Public Offering
October 28, 2021, our registration statement on Form s-1 (File No.
−Removed: 333-257722) relating to the initial public offering
−Removed: (“IPO”) of our common stock became effective.
−Removed: In the IPO, we issued 3,600,000 units (each consisting of (i)
−Removed: one share of our common stock, par value $0.001 per share and (ii) one warrant entitling the holder to purchase one share of our
−Removed: common stock at an exercise price of $5.00 per share) at an initial offering price of $5.00 per unit.
−Removed: The warrants issued in the IPO
−Removed: are immediately exercisable upon issuance and are exercisable for a period of five years after the issuance date.
−Removed: The shares and
−Removed: warrants were issued separately in the IPO, and may be transferred separately immediately upon issuance.
−Removed: The underwriters exercised
−Removed: in full their option to purchase up to an additional 540,000 warrants to purchase one share of our common stock to cover
−Removed: over-allotments.
−Removed: We estimate the net proceeds from the IPO to be $15.4 million after deducting estimated underwriting discounts and
−Removed: commissions and estimated offering expenses payable.
−Removed: None of the expenses associated with the IPO were paid to directors, officers,
−Removed: persons owning 10% or more of any class of equity securities, or to our affiliates.
−Removed: Roth Capital Partners, LLC and The Benchmark
−Removed: Company, LLC acted as joint book-running managers.
−Removed: The offering commenced on October 28, 2021 and did not terminate until the sale
−Removed: of all of the units offered.
−Removed: the closing of our IPO occurred on November 2, 2021, as of September 30, 2021, we had not yet received the net proceeds from the
−Removed: sale of shares of the units in our IPO and therefore had used none of the proceeds as of September 30,
−Removed: has been no material change in the planned use of proceeds from the IPO of the units described above from that described in the Prospectus.
+Added: 333-257722) relating to the initial public offering (“IPO”)
+Added: of our common stock became effective.
+Added: received were used for working capital and general corporate purposes.
+Added: There has been no material change in the planned use of proceeds
+Added: from the IPO of our common stock from that described in the Prospectus.
Defaults Upon Senior Securities
1 unchanged sentence
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.