8 unchanged sentences
Any future determination to declare dividends will be made at the discretion of our board of directors and will depend on, among other factors, our financial condition, operating results, capital requirements, contractual restrictions, general business conditions and other factors that our board of directors may deem relevant.
+Added: In addition, the 2024 LSA limits our ability to pay cash dividends.
Recent Sales of Unregistered Equity Securities
+Added: During the year ended December 31, 2025, we did not issue or sell any unregistered securities not previously disclosed in a Quarterly Report on Form 10-Q or in a Current Report on Form 8-K.
+Added: Securities Authorized for Issuance under Equity Compensation Plans
+Added: See Item 12 of Part III of this Annual Report on Form 10-K for information about our equity compensation plans which is incorporated by reference herein.
Use of Proceeds from the IPO of Common Stock
−Removed: On July 29, 2019, we completed the initial public offering of our common stock (our “IPO”), pursuant to which we issued and sold 4,600,000 shares of our common stock, including 600,000 shares associated with the full exercise of the underwriters’ option to purchase additional shares, at a price to the public of $16.00 per share.
−Removed: The offer and sale of all of the shares of our common stock in the IPO were registered under the Securities Act of 1933, as amended (the “Securities Act”) pursuant to our Registration Statements on Form S-1, as amended (File Nos.
−Removed: 333-232369 and 333-232796), which were declared or became effective on July 24, 2019.
−Removed: There has been no material change in our planned use of the net proceeds from the IPO as described in the final prospectus filed with the Securities and Exchange Commission (the “SEC”) on July 26, 2019 relating to our Registration Statements on Form S-1 (File Nos.
−Removed: 333-232369 and 333-232796).
−Removed: Since the effective date of our registration statement through December 31, 2024, we have not used any of the net proceeds from the IPO.
−Removed: Pending such uses, we have invested, and plan to continue to invest, the balance of the net proceeds from the IPO in cash and cash equivalent securities or highly liquid investment securities.
+Added: We completed the initial public offering (“IPO”) of our common stock in July 2019 pursuant to our Registration Statements on Form S-1, as amended (File Nos.
+Added: 333-232369 and 333-232796) (the “IPO Registration Statements”) with the Securities and Exchange Commission (the “SEC”), which were declared or became effective on July 24, 2019.
+Added: There has been no material change in our planned use of the net proceeds from the offering as described in the final prospectus filed with the SEC on July 26, 2019 related to our IPO Registration Statements.
+Added: Since the effective date of our IPO Registration Statements through December 31, 2025, we have not used any of the net proceeds from the IPO.
+Added: Pending their use, we plan to invest the balance of the net proceeds from the IPO in cash, cash equivalent, and highly liquid investment securities.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
+Added: We did not repurchase any of our equity securities during the three months ended December 31, 2025.
Stock Performance Graph
9 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.