1 unchanged sentence
Unregistered Sales of Equity Securities
−Removed: Stock Option Grants
−Removed: For the three months ended June 30, 2021, we granted options to purchase 84,000 shares of our common stock to certain of our directors, each with an exercise price of $15.00 per share.
−Removed: The offer, sale and issuance of these options were deemed to be exempt from registration under the Securities Act in reliance on either Rule 701 in that the transactions were under compensatory benefit plans and contracts relating to compensation as provided under Rule 701 or Section 4(a)(2) in that the issuance of securities was to accredited investors in a private placement transaction that did not involve a public offering.
−Removed: Issuance of Common Stock upon Conversion of Convertible Preferred Stock
−Removed: On April 13, 2021, upon the closing of our IPO, all shares of our then-outstanding convertible preferred stock automatically converted into 15,907,629 shares of common stock.
−Removed: The common stock was issued pursuant to the exemption from the registration requirements of the Securities Act provided by Section 3(a)(9) or Section 4(2) of the Securities Act.
Use of Proceeds
9 unchanged sentences
Upon receipt, the net proceeds from our IPO were held in cash and cash equivalents.
−Removed: Through June 30, 2021, we have not used any of the net proceeds from our IPO.
+Added: Through September 30, 2021, we have not used any of the net proceeds from our IPO.
We are investing these funds in a combination of short-term, interest-bearing obligations, investment-grade instruments, certificates of deposit or direct or guaranteed obligations of the U.S.
6 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.