12 unchanged sentences
We did not issue or grant any equity securities during the period covered by this Annual Report on Form 10-K that were not registered under the Securities Act.
−Removed: Use of Proceeds from Initial Public Offering
−Removed: On December 22, 2020, we completed the IPO of our common stock pursuant to which we issued and sold 7,475,000 shares of our common stock, inclusive of 975,000 shares we sold pursuant to the full exercise of the underwriters’ option to purchase additional shares, at a price to the public of $20.00 per share.
−Removed: The offer and sale of all of the shares of our common stock in our IPO were registered under the Securities Act pursuant to a registration statement on Form S-1, as amended (File No.
−Removed: 333-250954), which was declared effective by the SEC on December 17, 2020, and a registration statement on Form S-1MEF (File No.
−Removed: 333-251441), which was automatically effective upon filing with the SEC on December 17, 2020.
−Removed: Following the sale of all of the shares offered in connection with the closing of our IPO, the offering terminated.
−Removed: Cowen and Company, LLC and SVB Leerink LLC acted as lead book-running managers, and William Blair & Company, L.L.C.
−Removed: and Stifel, Nicolaus & Company, Incorporated acted as book-running managers for the IPO.
−Removed: We received aggregate gross proceeds from our IPO of $149.5 million, or aggregate net proceeds of $136.6 million after deducting underwriting discounts and commissions and other offering expenses.
−Removed: None of the underwriting discounts and commissions or offering expenses were incurred or paid, directly or indirectly, to directors or officers of ours or their associates or to persons owning 10% or more of our common stock or to any of our affiliates.
−Removed: Cash used since the IPO is described elsewhere in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section of our periodic reports filed with the SEC.
−Removed: There has been no material change in the planned use of IPO proceeds from that described in the final prospectus for the IPO filed with the SEC pursuant to Rule 424(b)(4) under the Securities Act of 1933, as amended, on December 18, 2020.
Issuer Purchases of Equity Securities
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We anticipate that we will retain all available funds and any future earnings, if any, for use in the operation of our business and do not anticipate paying cash dividends in the foreseeable future.
−Removed: Our ability to pay cash dividends is currently restricted by the terms of our 2021 Revolver with Signature Bank.
+Added: Our ability to pay cash dividends is currently restricted by the terms of our 2022 Revolver with Silicon Valley Bank.
In addition, the terms of any future debt instruments may also materially restrict our ability to pay dividends on our common stock.
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.