10 unchanged sentences
We currently intend to retain all available funds and any future earnings to fund the development and expansion of our business.
−Removed: Subject to such restrictions, any future determination to pay dividends or other distributions from our reserves will be at the discretion of our Board and will depend upon a number of factors, including our results of operations, financial condition, future prospects, contractual restrictions, restrictions imposed by applicable law and other factors our Board deems relevant .
+Added: Subject to such restrictions, any future determination to pay dividends or other distributions from our reserves will be at the discretion of our Board of Directors and will depend upon a number of factors, including our results of operations, financial condition, future prospects, contractual restrictions, restrictions imposed by applicable law and other factors our Board of Directors deems relevant .
Performance Graph
8 unchanged sentences
Recent Sales of Unregistered Equity Securities
−Removed: During the twelve months ended December 31, 2024, holders of the July 2021 Convertible Notes elected to convert their outstanding notes and accrued interest to shares of common stock based on a fixed conversion price of $11.96 per share.
−Removed: The holders of the July 2021 Convertible Notes also elected to exercise their outstanding warrants which were issued in connection with the July 2021 Convertible Notes at an exercise price of $11.96 per share.
−Removed: As a result of the conversion of the notes and the exercise of warrants, we issued 184,192 and 88,212 shares, respectively, of common stock to the holders.
−Removed: Refer to Note 8, "Convertible Notes" for further details.
−Removed: During the twelve months ended December 31, 2024, holders of the September 2021 Convertible Notes elected to convert their outstanding notes and accrued interest to shares of common stock based on a fixed conversion price of $22.50 per share.
−Removed: As a result of the conversion of the notes, we issued 157,685 shares of common stock to the holders.
−Removed: Refer to Note 8, "Convertible Notes" for further details.
−Removed: We relied on an exemption from registration provided by 4(a)(2) of the Securities Act of 1933, as amended, for the issuance of the shares described above as transactions by an issuer not involving a public offering.
−Removed: Use of Proceeds
−Removed: On June 6, 2024, we completed our U.S.
−Removed: IPO, in which we issued and sold 3,703,704 shares of common stock and certain selling securityholders sold 2,908,796 shares of common stock (including 862,500 shares sold pursuant to the underwriters’ full exercise of their option to purchase additional shares) at an offering price of $27.00 per share.
−Removed: We received net proceeds of $79.9 million after deducting underwriting discounts and commissions of $7.0 million and total other offering related expenses payable by us of approximately $13.1 million.
−Removed: Other offering related expenses included on the consolidated statement of operations and comprehensive loss of $6.8 million includes a $5.5 million payment to selling securityholders for certain of their expenses in connection with the offering, including all underwriting discounts and commissions applicable to the sale of shares of common stock by the selling securityholders, including to certain executive officers, members of the board of directors, non-executive employees, and other related parties.
−Removed: We did not receive any proceeds from the sale of shares by the selling securityholders.
−Removed: All shares sold were registered pursuant to an automatically effective registration statement on Form S-3 (File No.
−Removed: 333-279271) filed with the SEC on May 9, 2024 (the “Registration Statement”).
−Removed: There has been no material change in the expected use of the net proceeds from our U.S.
−Removed: IPO as described in our final prospectus supplement filed as part of the Registration Statement.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
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.