11 unchanged sentences
Our future ability to pay cash dividends on our common stock may be limited by any future debt instruments or preferred securities.
+Added: Securities Authorized for Issuance Under Equity Compensation Plans
+Added: Information about our equity compensation plans is incorporated herein by reference to Item 12, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters , of this Annual Report on Form 10-K.
Recent Sales of Unregistered Securities
+Added: There were no unregistered sales of our equity securities during the fiscal year ended December 31, 2022.
Purchases of Equity Securities by the Issuer or Affiliated Purchaser
−Removed: From January 1, 2021 through December 31, 2021, we sold and issued the following unregistered securities, which share numbers have been adjusted, as appropriate, to reflect the 1-for-3.2345 reverse stock split which became effective on October 1, 2021:
−Removed: ● we granted stock options to employees, directors, and consultants covering an aggregate of 67,232 shares of common stock, at a weighted-average exercise price of $2.25 per share;
−Removed: ● we issued an aggregate of 24,465 shares of common stock to employees for cash consideration in the aggregate amount of $20 pursuant to stock option exercises;
−Removed: ● we issued an aggregate of 52,333 shares of common stock to consultants pursuant to exercise of the common stock warrants;
−Removed: ● in May 2021, we issued an aggregate of 10,926,089 shares of Series B-1 convertible preferred stock at a conversion price per share of $1.385.
−Removed: In connection with the completion of our IPO, all shares of Series B-1 convertible preferred-stock automatically converted into 3,377,925 shares of our common stock.
−Removed: The sales and issuances of the securities described in this Item 5 were deemed to be exempt from registration under the Securities Act under either (i) Rule 701 promulgated under the Securities Act as offers and sale of securities pursuant to certain compensatory benefit plans and contracts relating to compensation in compliance with Rule 701 or (ii) Section 4(a)(2) of the Securities Act (and Regulation D or Regulation S promulgated thereunder) as transactions by an issuer not involving any public offering.
−Removed: Use of Proceeds from our Initial Public Offering of Common Stock
+Added: We did not purchase any of our registered equity securities during the fiscal year ended December 31, 2022.
+Added: Use of Proceeds
On October 13, 2021, we completed our IPO.
2 unchanged sentences
We issued 3,768,116 shares of our common stock at a price of $12.00 per share for aggregate net cash proceeds of $37.9 million, after deducting underwriting discounts and commissions and other offering related costs.
−Removed: None of the expenses associated with the IPO were paid to directors, officers, persons owning 10% or more of any class of equity securities, or to their associates, or to our affiliates.
−Removed: Riley Securities, Inc., or the Representative, acted as lead book running manager of the offering and as representative of the underwriters.
On November 10, 2021, the Representative provided notice to us that it had elected to exercise its over-allotment option in full to purchase 565,217 shares of our common stock.
The Representative’s exercise of the over-allotment option closed on November 12, 2021, resulting in net proceeds of $6.3 million to us, after deducting underwriting discounts and commissions and other offering related expenses.
−Removed: There has been no material change in the planned use of proceeds from our IPO as described in our final prospectus, or the Prospectus, for our IPO, dated October 7, 2021, filed with the SEC pursuant to Rule 424(b)(4) under the Securities Act.
+Added: There has been no material change in the planned use of proceeds from our IPO as described in our final prospectus dated October 7, 2021, filed with the SEC pursuant to Rule 424(b) under the Securities Act.
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.