2 unchanged sentences
Our common stock is publicly traded on The Nasdaq Global Market under the symbol “IMRA.”
−Removed: As of February 15, 2021, there were approximately 60 holders of record of our common stock.
+Added: As of January 15, 2022, there were approximately 52 holders of record of our common stock.
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.
−Removed: Recent Sales of Unregistered Equity Securities
−Removed: On February 25, 2020, we issued and sold 1,562,994 shares of Series B Preferred Stock to 12 investors for cash at a price per share of $10.9722 for an aggregate purchase price of $17.1 million.
−Removed: The securities were issued to investors in reliance upon the exemption from the registration requirements of the Securities Act, as set forth in Section 4(a)(2) under the Securities Act, relative to transactions by an issuer not involving any public offering, to the extent an exemption from such registration was required.
−Removed: On March 16, 2020, in connection with the closing of our initial public offering of our common stock, or IPO, all of our outstanding shares of preferred stock were converted into an aggregate of 11,172,955 shares of common stock.
−Removed: The conversion of preferred stock into common stock occurred in accordance with the terms of our certificate of incorporation and did not constitute a sale for purposes of the Securities Act .
+Added: Dividend Policy
+Added: We have never declared or paid cash dividends on our common stock.
+Added: We currently intend to retain all available funds and any future earnings to fund the development and expansion of our business, and we do not anticipate paying any cash dividends in the foreseeable future.
+Added: Any future determination to declare and pay dividends will be made at the discretion of our board of directors and will depend on then-existing conditions, including our results of operations, financial condition, contractual restrictions, capital requirements, business prospects and other factors our board of directors may deem relevant
Use of Proceeds from Initial Public Offering
−Removed: On March 16, 2020, we received aggregate net proceeds from the IPO, inclusive of the underwriters’ option to purchase additional shares, of approximately $76.5 million, after deducting $6.1 million of underwriting discounts and commissions and $3.9 million of other offering expenses payable by us.
+Added: On March 16, 2020, we received aggregate net proceeds from our initial public offering of our common stock, or IPO, inclusive of the underwriters’ option to purchase additional shares, of approximately $76.5 million, after deducting $6.1 million of underwriting discounts and commissions and $3.9 million of other offering expenses payable by us.
The offer and sale of all of the shares of our common stock in our IPO were registered under the Securities Act pursuant to a registration statement on Form S-1 (File No.
333-236465), which was declared effective by the Securities and Exchange Commission on March 11, 2020.
−Removed: We had not used any of the net proceeds from the IPO as of December 31, 2020, as we have continued to fund operations from proceeds received through our preferred stock financings.
+Added: We have used approximately $37.7 million of the net proceeds from the IPO as of December 31, 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: Selected Financial Data.
−Removed: Not applicable.
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.