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Recent Issuances of unregistered securities
−Removed: On August 4, 2020, pursuant to our 2018 Equity Incentive Plan (the “2018 Plan”), we granted options to purchase 301,647 shares of our common stock at an exercise price of $2.40 per share to 4 employees and 23,332 shares of our common stock at an exercise price of $2.40 per share to 3 consultants (one of whom is also a member of our board of directors).
−Removed: During fiscal quarter ended September 30, 2020, we issued an aggregate of 12,224 shares of common stock upon the exercise of previously issued stock options, for aggregate consideration of $7,558.
+Added: During fiscal quarter ended March 31, 2021, we issued an aggregate of 14,270 shares of common stock upon the exercise of previously issued stock options, for aggregate consideration of $5,624 and 11,666 shares of common stock upon the exercise of previously issued warrants, for aggregate consideration of $104,994.
No underwriters were involved in the foregoing issuances of securities.
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All recipients either received adequate information about us or had access, through employment or other relationships, to such information.
−Removed: Use of Proceeds
−Removed: Our IPO was effected through a Registration Statement on Form S-1 (File No.
−Removed: 333-248687) that was declared effective by the SEC on October 1, 2020.
−Removed: On October 6, 2020, 3,250,000 shares of our common stock were issued and sold at a public offering price of $12.00 per share, for aggregate gross proceeds of $39.0 million.
−Removed: As of the date of filing this report, the offering has terminated, and all of the securities registered pursuant to the offering were sold prior to termination.
−Removed: Ladenburg Thalmann & Co., Inc.
−Removed: and Chardan Capital Markets, LLC acted as joint book-running managers.
−Removed: On October 6, 2020, we received proceeds from the IPO of $36.3 million, which was net of underwriting discounts and commissions of $2.7 million.
−Removed: In connection with our IPO, we incurred offering expenses of $2.8 million, of which $0.3 million was paid prior to the closing of the transaction.
−Removed: The balance of the funds totalling $33.8 million shall be used in a manner consistent with the use of proceeds from the IPO as described in our IPO prospectus under the caption “Use of Proceeds,” which has not materially changed since the filing of our IPO prospectus with the SEC on October 5, 2020.
−Removed: The foregoing offering expenses are a reasonable estimate of the expenses incurred by us in the offering and do not represent an exact amount of expenses incurred.
−Removed: All of the foregoing expenses were direct or indirect payments to persons other than (i) our directors, officers and their associates, (ii) persons owning 10% or more of our common stock or (iii) our affiliates.
Defaults Upon Senior Securities
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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.