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Recent Sales of Unregistered Securities
+Added: There were no unregistered sales of our equity securities during the fiscal quarter ended March 31, 2023.
Use of Proceeds from our Initial Public Offering of Common Stock
−Removed: On October 13, 2021, we completed our IPO.
−Removed: Our registration statements on Form S-1 (File Nos.
+Added: Our registration statement on the Form S-1 (File Nos.
333-257999 and 333-260128) relating to the IPO was declared effective by the SEC on October 7, 2021.
−Removed: We issued 3,768,116 shares of our common stock at a price of $12.00 per share for aggregate net cash proceeds of $38.1 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.
−Removed: 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.
−Removed: The Representative’s exercise of the over-allotment option closed on November 12, 2021, resulting in gross proceeds of approximately $6.8 million and net proceeds of $6.3 million to us, after deducting underwriting discounts and commissions and other offering related expenses.
There has been no material change in the planned use of proceeds from the IPO from that described in the prospectus, dated October 7, 2021, filed with the SEC pursuant to Rule 424(b) under the Securities Act.
4 unchanged sentences
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.