6 unchanged sentences
The gross proceeds from the offering for shares sold in our IPO was $202.4 million.
−Removed: The joint book-running managers for the initial public offering were J.P.
+Added: The joint book-running managers for the
+Added: initial public offering were J.P.
Morgan Securities LLC, Goldman Sachs & Co.
10 unchanged sentences
We invested the funds received in interest-bearing investment-grade securities.
+Added: Use of Proceeds from the ATM Program
+Added: On June 16, 2023, we entered into a Sales Agreement with BofA Securities under which we may offer and sell shares of common stock, having aggregate sales proceeds of up to $125,000,000 from time to time, through an ATM Program.
+Added: On January 19, 2024, we filed a prospectus supplement to suspend the ATM Program.
+Added: Through the suspension of the ATM program, we sold 7,560,068 shares of common stock at a weighted average price of $7.93 per share.
+Added: The gross proceeds were $59.9 million, and the net proceeds were $59.4 million after deducting underwriting discounts and commissions of $0.2 million and offering expenses of $0.3 million.
+Added: There has been no material change in the planned use of proceeds from the ATM Program as described in our final prospectus filed with the SEC on June 16, 2023 pursuant to Rule 424(b)(5).
+Added: We invested the funds received in interest-bearing investment-grade securities.
+Added: Use of Proceeds from Underwritten Registered Direct Offering
+Added: On January 23, 2024, we closed an underwritten registered direct offering of 21,818,182 shares of common stock at a public offering price of $11.00 per share.
+Added: The aggregate gross proceeds from the underwritten registered direct offering were $240.0 million, and the net proceeds were $231.9 million after deducting underwriting discounts and commissions of $7.5 million and offering expenses of $0.6 million.
+Added: There has been no material change in the planned use of proceeds in our January 2024 Offering as described in our final prospectus filed with the SEC on January 19, 2024 pursuant to Rule 424(b)(5).
+Added: We invested the funds received in interest-bearing investment-grade securities.
+Added: Repurchase of our Common Stock
Defaults Upon Senior Securities
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.