6 unchanged sentences
We intend to retain future earnings, if any, to finance the operation and expansion of our business and do not anticipate paying any cash dividends in the foreseeable future.
−Removed: Payment of future cash dividends, if any, will be at the discretion of our board of directors after taking into account various factors, including our financial condition, operating results, current and anticipated cash needs, the requirements and contractual restrictions of then-existing debt instruments, and other factors that our board of directors deems relevant.
+Added: Payment of future cash dividends, if any, will be at the discretion of our board of
+Added: directors after taking into account various factors, including our financial condition, operating results, current and anticipated cash needs, the requirements and contractual restrictions of then-existing debt instruments, and other factors that our board of directors deems relevant.
Holders of Record
2 unchanged sentences
Unregistered Sales of Equity Securities
+Added: Recent Repurchases of Equity Securities
Use of Proceeds from Public Offering of Common Stock
−Removed: On March 25, 2021, our registration statement on Form S-1 was declared effective by the SEC for our initial public offering of common stock.
+Added: On March 25, 2021, our registration statement on Form S-1 (File No.
+Added: 333- 253923) and Form S-1MEF (File No.
+Added: 333- 254739) was declared effective by the SEC for our initial public offering of common stock.
We began trading on the Nasdaq Global Select Market on March 26, 2021 and the IPO formally closed on March 30, 2021.
7 unchanged sentences
There has been no material change in the planned use of proceeds from our IPO as described in our final prospectus filed with the SEC on March 26, 2021 pursuant to Rule 424(b)(4).
−Removed: We invested the funds received in marketable securities as described in more detail in Note 2 to our financial statements appearing in this Annual Report until such time the funds are required for use in operations.
+Added: We invested the funds received in interest-bearing investment-grade securities.
Use of Proceeds from Follow-On Offering
−Removed: On September 16, 2022, we completed a follow-on offering and issued 13,372,093 shares of our common stock at a price to the public of $10.32 per share, including 1,744,186 shares of common stock issued in connection with the full exercise by the underwriters of their options to purchase additional shares of common stock.
+Added: On September 16, 2022, we completed a follow-on offering pursuant to a shelf registration statement on Form S-3 (File No.
+Added: 333-264083) with the SEC that became effective on May 5, 2022, and issued 13,372,093 shares of our common stock at a price to the public of $10.32 per share, including 1,744,186 shares of common stock issued in connection with the full exercise by the underwriters of their options to purchase additional shares of common stock.
The aggregate gross proceeds from the follow-on offering were $138.0 million.
3 unchanged sentences
Use of Proceeds from the ATM Program
−Removed: 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.
−Removed: Through December 31, 2023 we have sold 6,928,044 shares of common stock under the ATM Program at a weighted average price of $7.63 per share.
−Removed: The gross proceeds were $52.9 million, and the net proceeds were $52.6 million after deducting underwriting discounts and commissions of $0.1 million and offering expenses of $0.2 million.
+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, pursuant to a shelf registration statement on Form S-3 (File No.
+Added: 333-264083) with the SEC that became effective on May 5, 2022.
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.
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).
1 unchanged sentence
Use of Proceeds from Underwritten Registered Direct Offering
−Removed: On January 23, 2024, we completed the January 2024 Offering and issued 21,818,182 shares of our common stock at a price of $11.00 per share.
−Removed: The gross proceeds from the January 2024 Offering were $240.0 million.
+Added: On January 23, 2024, we closed an underwritten registered direct offering pursuant to a shelf registration statement on Form S-3 (File No.
+Added: 333-264083) with the SEC that became effective on May 5, 2022 and Form S-3 MEF (File No.
+Added: 333-276595) that became effective on January 19, 2024, 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.
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).
1 unchanged sentence
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.