13 unchanged sentences
None of the underwriting discounts and commissions or offering expenses were paid directly or indirectly to any directors or officers of ours or their associates or to persons owning 10% or more of any class of equity securities or to any affiliates of ours.
−Removed: We have used approximately $13.8 million of the net proceeds from the IPO as of June 30, 2021.
+Added: We have used approximately $25.2 million of the net proceeds from the IPO as of September 30, 2021.
We have invested the unused net proceeds from the offering in money market accounts.
There has been no material change in our planned use of the net proceeds from our IPO as described in our final prospectus filed pursuant to Rule 424(b)(4) under the Securities Act with the SEC on March 12, 2020.
−Removed: Sales Agreement by and between the Registrant and Cantor Fitzgerald & Co.
−Removed: dated as of April 1, 2021 (incorporated by reference to Exhibit 1.2 to the Registrant’s universal shelf registration statement on Form S-3 filed with the SEC on April 1, 2021).
−Removed: First Amendment to Office Lease Agreement, dated June 8, 2021, by and between the Company and Columbia REIT – 116 Huntington, LLC (incorporated by reference as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on June 11, 2021).
+Added: Amendments to Letter Agreements
+Added: On November 5, 2021, we entered into amendments to our letter agreements with Rahul D.
+Added: Ballal, Ph.D., our President and Chief Executive Officer (the “Ballal Amendment”), and Michael P.
+Added: Gray, our Chief Financial Officer and Chief Operating Officer (the “Gray Amendment”), to modify the severance benefits to be received by Dr.
+Added: Ballal and Mr.
+Added: Gray if either is terminated in connection with a change of control of Imara.
+Added: Under the Ballal Amendment, if Dr.
+Added: Ballal’s employment is terminated by us without cause or by Dr.
+Added: Ballal with good reason within twelve months following a change of control, each as defined in Dr.
+Added: Ballal’s letter agreement, Dr.
+Added: Ballal will be entitled, subject to his execution and nonrevocation of a release of claims in our favor and his continued compliance with certain restrictive covenants, to (i) continue receiving his then-current annual base salary for a period of eighteen months following the date his employment with us is terminated, (ii) reimbursement of COBRA premiums for health benefit coverage for a period of up to eighteen
+Added: months following the date that his employment with us is terminated and (iii) one hundred and fifty percent of his annual bonus target amount for the year in which the termination occurs, payable as a lump sum.
+Added: Under the Gray Amendment, if Mr.
+Added: Gray’s employment is terminated by us without cause or by Mr.
+Added: Gray with good reason within twelve months following a change of control, each as defined in Dr.
+Added: Gray’s letter agreement, Mr.
+Added: Gray will be entitled, subject to his execution and nonrevocation of a release of claims in our favor and his continued compliance with certain restrictive covenants, to (i) continue receiving his then-current annual base salary for a period of twelve months following the date his employment with us is terminated, (ii) reimbursement of COBRA premiums for health benefit coverage for a period of up to twelve months following the date that his employment with us is terminated and (iii) one hundred percent of his annual bonus target amount for the year in which the termination occurs, payable as a lump sum.
+Added: Copies of the Ballal Amendment and the Gray Amendment are attached as Exhibit 10.1 Exhibit 10.2, respectively, to this Quarterly Report on Form 10-Q and are incorporated herein by reference.
+Added: The foregoing descriptions of the Ballal Amendment and the Gray Amendment do not purport to be complete and are qualified in their entirety by reference to such exhibits.
+Added: First Amendment to the Amended and Restated Letter Agreement, dated as of November 5, 2021, by and between the Registrant and Rahul D.
+Added: Ballal, Ph.D.
+Added: First Amendment to the Amended and Restated Letter Agreement, dated as of November 5, 2021, by and between the Registrant and Michael P.
Certification of Principal Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
4 unchanged sentences
Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
−Removed: XBRL Instance Document
−Removed: XBRL Taxonomy Extension Schema Document
−Removed: XBRL Taxonomy Extension Calculation Linkbase Document
−Removed: XBRL Taxonomy Extension Definition Linkbase Document
−Removed: XBRL Taxonomy Extension Label Linkbase Document
−Removed: XBRL Taxonomy Extension Presentation Linkbase Document
+Added: Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document
+Added: Inline XBRL Taxonomy Extension Schema Document
+Added: Inline XBRL Taxonomy Extension Calculation Linkbase Document
+Added: Inline XBRL Taxonomy Extension Definition Linkbase Document
+Added: Inline XBRL Taxonomy Extension Label Linkbase Document
+Added: Inline XBRL Taxonomy Extension Presentation Linkbase Document
+Added: The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, has been formatted in Inline XBRL
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
−Removed: August 6, 2021
+Added: November 9, 2021
Ballal, Ph.D.
2 unchanged sentences
Director (Principal Executive Officer)
−Removed: August 6, 2021
+Added: November 9, 2021
/s/ Michael P.
2 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.