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(b) Use of Proceeds from Public Offering of Common Stock
−Removed: On February 2, 2022, the Company completed a Private Placement and issued 7,824,727 shares of Common Stock for a purchase price of $3.195 per share and the Preferred Investment Options to purchase up to an aggregate of 7,824,727 shares of common stock for a purchase price of $3.07 per share from August 2, 2022 through August 2, 2027 (collectively, the “Additional Securities”).
+Added: On February 2, 2022, the Company completed a Private Placement and issued 7,824,727 shares of Common Stock for a purchase price of $3.195 per share and the Preferred Investment Options to purchase up to an aggregate of 7,824,727 shares of common stock for a purchase price of $3.07 per share from August 2, 2022 through August 2, 2027 (collectively, the “Securities”).
The aggregate gross proceeds to the Company from the Private Placement were approximately $25.0 million, before deducting placement agent fees and other offering expenses.
−Removed: In connection with this Private Placement, the Company entered into a Registration Rights Agreement with the purchasers of the Additional Securities.
−Removed: The Company’s registration statement on Form S-1 to register the Additional Securities was declared effective on April 19, 2022.
+Added: In connection with this Private Placement, the Company entered into a Registration Rights Agreement with the purchasers of the Securities.
+Added: The Company’s registration statement on Form S-3 to register the Securities was declared effective on June 21, 2022.
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.