6 unchanged sentences
Our board of directors has adopted an incentive plan, allowing for the grant of equity and cash-based awards to our employees and directors.
−Removed: Securities Authorized for Issuance under Equity Compensation Plans
−Removed: The following table provides certain information as of December 31, 2022, with respect to all of our equity compensation plans in effect on that date:
−Removed: available for
−Removed: future issuance
−Removed: securities to be
−Removed: Weighted-average
−Removed: exercise price of
−Removed: plans (excluding
−Removed: securities reflected
−Removed: Plan Category
−Removed: in column 1) (2)
−Removed: Equity compensation plans approved by security holders
−Removed: (1) Reflects the number of shares of common stock to be issued upon exercise of outstanding options under our Journey Medical 2015 Stock Plan.
−Removed: This figure does not include 2,261,048 outstanding restricted stock units that were issued under the Journey Medical 2015 Stock Plan.
−Removed: (2) Reflects 1,146,620 shares available for future issuance under the Journey Medical 2015 Stock Plan.
−Removed: Subject to adjustment as provided in the 2015 Plan, the total aggregate number of shares of our common stock reserved and available for issuance pursuant to awards granted under the 2015 Plan is 7,642,857, of which 1,146,620 shares remain available for future issuance as of December 31, 2022.
Sales of Unregistered Securities
3 unchanged sentences
This shelf registration statement covers the offering, issuance and sale by us of up to an aggregate of $150.0 million of the Company’s common stock, preferred stock, debt securities, warrants, and units (the “2022 Shelf”).
−Removed: At December 31, 2022, $150.0 million remains available under the 2022 Shelf.
−Removed: In connection with the 2022 Shelf, have entered into an At Market Issuance Sales Agreement (the “Sales Agreement”) with B.
+Added: In connection with the 2022 Shelf, we entered into an At Market Issuance Sales Agreement (the “Sales Agreement”) with B.
+Added: Riley Securities, Inc.
Riley”), relating to shares of our common stock.
1 unchanged sentence
Riley acting as our agent or principal.
+Added: During 2023, we issued 748,703 shares of common stock under the 2022 Shelf, generating net proceeds of $4.5 million.
+Added: At December 31, 2023, 4,151,297 shares remain available for issuance under the Sales Agreement.
We currently intend to use the net proceeds from this offering for general corporate purposes, including working capital, research and development, payments for research and development — licenses acquired, sales and marketing activities, general administrative matters, operating expenses and capital expenditures.
As of March 28, 2024, there were approximately 44 holders of record for our common stock and 1 holder of record for our Class A common stock.
−Removed: The actual number of stockholders is greater than this number of record holders and includes stockholders who are beneficial owners, but whose shares are held in street name by brokers and other nominees.
+Added: The actual number of stockholders is greater than this number of record holders and includes stockholders who are beneficial owners and whose shares are held in street name by brokers and other nominees.
This number of holders of record also does not include stockholders whose shares may be held in trust by other entities.
We have never paid cash dividends on any of our capital stock and currently intend to retain our future earnings, if any, to fund the development and growth of our business.
−Removed: Securities Authorized for Issuance under Equity Compensation Plans
−Removed: Subject to adjustment as provided in the 2015 Plan, the total aggregate number of shares of our common stock reserved and available for issuance pursuant to awards granted under the 2015 Plan is 7,642,857, of which 1,146,620 shares remain available for future issuance as of December 31, 2022.
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.