16 unchanged sentences
Recent Sales of Unregistered Securities
−Removed: On October 28, 2019, we granted our chief medical officer an option to purchase 150,000 shares of our common stock and a restricted stock unit award of 25,000 shares and, on January 9, 2020, we granted our chief financial officer an option to purchase 120,000 shares of our common stock and a restricted stock unit award of 20,000 shares, each as an inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4).
−Removed: No underwriters were involved in the foregoing issuances of securities.
+Added: On November 9, 2020, we granted our Chief Medical Officer an option to purchase 120,000 shares of our common stock and a restricted stock unit award of 20,000 shares as an inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4).
+Added: No underwriters were involved in the foregoing issuance of securities.
The securities were issued pursuant to Section 4(a)(2) under the Securities Act of 1933, as amended, relating to transactions by an issuer not involving any public offering.
−Removed: All recipients either received adequate information about us or had access, through other relationships, to such information.
−Removed: The stock options are scheduled to become exercisable as to 25% of the shares underlying the options on the first anniversary of the date of grant, and as to an additional 2.0833% of the shares underlying the option at the end of each successive month following such date, subject to the recipient’s continued service.
−Removed: The options granted to our chief medical officer have an exercise price of $21.61 per share, and the options granted to our chief financial officer have an exercise price of $30.65 per share.
−Removed: The restricted stock unit awards are scheduled to vest as to one-fourth of the shares on each anniversary of the date of grant until the fourth anniversary of the date of grant, subject to the recipient’s continued service.
+Added: The recipient either received adequate information about us or had access, through other relationships, to such information.
+Added: The stock option is scheduled to become exercisable as to 25% of the shares underlying the option on the first anniversary of the date of grant, and as to an additional 2.0833% of the shares underlying the option at the end of each successive month following such date, subject to the recipient’s continued service.
+Added: The option has an exercise price of $30.41 per share.
+Added: The restricted stock unit award is scheduled to vest as to one-fourth of the shares on each anniversary of the date of grant until the fourth anniversary of the date of grant, subject to the recipient’s continued service.
+Added: On January 22, 2021, we issued an aggregate of 303,599 shares of common stock to The Broad Institute, Inc.
+Added: (“Broad”) in satisfaction of payment obligations in an aggregate amount of $27.5 million to Broad under the Cpf1 License Agreement and the Sponsored Research Agreement.
+Added: No underwriters were involved in the foregoing issuance of securities.
+Added: The securities were issued pursuant to Section 4(a)(2) under the Securities Act, relating to transactions by an issuer not involving any public offering.
+Added: Prior to receiving the shares, Broad represented to us that it was acquiring the shares for its own account for investment purposes, that it had received from us and our management all of the information that it considered appropriate to evaluate whether to accept the shares, that it was capable of evaluating and understanding the risks of the investment, and that it was an accredited investor as such term is defined in Rule 501 of Regulation D promulgated under the Securities Act.
Purchases of Equity Securities by the Issuer and Affiliates Purchasers
6 unchanged sentences
Consolidated Statements of Operations Data:
−Removed: Collaboration and other research and development revenues
+Added: Collaboration revenue
Operating expenses:
3 unchanged sentences
Operating loss
−Removed: Other (expense) income, net
−Removed: Interest income (expense), net
−Removed: Total other income (expense), net
+Added: Other income (expense), net
+Added: Interest income, net
+Added: Total other income, net
+Added: Net loss and comprehensive loss
Reconciliation of net loss to net loss attributable to common stockholders:
10 unchanged sentences
Construction financing lease obligation, net of current portion
−Removed: Redeemable convertible preferred stock
−Removed: Total stockholders’ equity (deficit)
+Added: Total stockholders’ equity
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.