1 unchanged sentence
Unregistered Sales of Equity Securities
−Removed: From January 1, 2020 through February 28, 2020 (the date of the filing of our registration statement on Form S-8) we issued stock options to employees, directors, consultants, and other service providers to purchase an aggregate of 2,408,078 shares of common stock under our 2018 Amended and Restated Equity Incentive Plan with a per share exercise price of $11.00, and 1,061,973 shares of common stock under our 2020 Equity Incentive Plan with a per share exercise price of $18.00 per share.
−Removed: The sales of the above securities were exempt from registration under the Securities Act of 1933, as amended, or Securities Act, in reliance upon Section 4(a)(2) of the Securities Act, or Rule 701 promulgated under Section 3(b) of the Securities Act as transactions by an issuer not involving any public offering or pursuant to benefit plans and contracts relating to compensation as provided under Rule 701.
−Removed: The recipients of the securities in each of these transactions represented their intentions to acquire the securities for investment only and not with a view to or for sale in connection with any distribution thereof, and appropriate legends were placed upon the stock certificates issued in these transactions.
−Removed: On March 3, 2020, upon the initial closing of our IPO, all shares of our then-outstanding convertible preferred stock automatically converted into 26,803,777 shares of common stock.
−Removed: The issuance of such common shares was exempt from the registration requirements of the Securities Act, pursuant to Section 3(a)(9) of the Securities Act, involving an exchange of securities exchanged by the issuer with its existing security holders exclusively where no commission or other remuneration is paid or given directly or indirectly for soliciting such exchange.
−Removed: No underwriters were involved in this issuance of shares.
Use of Proceeds
11 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.