1 unchanged sentence
We are exposed to market risk related to changes in interest rates.
−Removed: As of June 30, 2021, we had cash and cash equivalents of $5.1 million consisting of bank deposits and monies in a money market fund.
On July 22, 2021, we closed on our initial IPO and invested our proceeds in U.S.
Treasury securities.
+Added: As of September 30, 2021, we had cash and cash equivalents of $15.1 million, short-term investments in U.S.
+Added: government-backed securities of $25.0 million, and long-term investments in U.S.
+Added: government-backed securities of $10.0 million.
Our primary exposure to market risk is interest rate sensitivity, which is affected by changes in the general level of U.S.
interest rates.
−Removed: We are exposed to market risk related to the marketability of our investment in Wugen common stock.
+Added: We are exposed to market risk related to the marketability of our Wugen common stock reported within Investments in the accompanying condensed balance sheet.
Until such time as these shares become publicly traded, we will have limited access to liquidity.
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.