12 unchanged sentences
Unregistered Sales of Equity Securities
−Removed: From January 1, 2020 through December 31, 2020, we sold and issued the following unregistered securities, which share numbers have been adjusted, as appropriate, to reflect the 1.1566-to-1 reverse stock split which became effective on September 18, 2020:
−Removed: Prior to filing our registration statement on Form S-8 in 2020, we granted options to our directors, officers, employees and consultants to purchase an aggregate of 5,026,431 shares of common stock under our 2016 Plan with per share exercise prices ranging from $1.89 to $19.00.
−Removed: The issuances of the securities described above were deemed to be exempt from registration pursuant to Section 4(a)(2) of the Securities Act or Rule 701 promulgated under the Securities Act as transactions pursuant to compensatory benefit plans.
−Removed: In May 2019 and March 2020, we issued and sold to six accredited investors an aggregate of 15,257,692 shares of Series B convertible preferred stock at a purchase price of $3.9325 per share, for aggregate consideration of approximately $60.0 million.
−Removed: These shares of Series B convertible preferred stock converted into 15,257,692 shares of our common stock or non-voting common stock.
−Removed: This transaction was exempt from the registration requirements of the Securities Act in reliance upon Section 4(2) of the Securities Act or Regulation D promulgated under the Securities Act.
−Removed: In August 2020, we issued and sold to seven accredited investors an aggregate of 3,443,612 shares of Series C convertible preferred stock at a purchase price of $14.5197 per share, for aggregate consideration of approximately $50.0 million.
−Removed: These shares of Series C convertible preferred stock converted into 3,443,612 shares of our common stock or non-voting common stock.
−Removed: This transaction was exempt from the registration requirements of the Securities Act in reliance upon Section 4(2) of the Securities Act or Regulation D promulgated under the Securities Act.
Use of Proceeds from Registered Securities
8 unchanged sentences
acted as joint book-running managers of the offering and as representatives of the underwriters.
−Removed: None of the expenses associated with
−Removed: the IPO were paid to directors, officers, persons owning 10% or more of any class of equity securities, or to their associates, or to our affiliates.
+Added: None of the expenses associated with the IPO were paid to directors, officers, persons owning 10% or more of any class of equity securities, or to their associates, or to our affiliates.
There has been no material change in the planned use of proceeds from our IPO as described in the Prospectus filed with the SEC pursuant to Rule 424(b)(4) under the Securities Act on September 25, 2020.
+Added: In January 2021, the Company sold 2,875,000 shares of its common stock at a public offering price of $60.00 per share.
+Added: The offer and sale of all of the shares were registered under the Securities Act pursuant to registration statements on Form S‑1 filed January 4, 2021, which was declared effective by the SEC on January 6, 2021.
+Added: We received net proceeds of $161.4 million after deducting underwriting discounts, commissions, and other offering expenses paid by the Company.
+Added: There has been no material change in the planned use of proceeds as described in the Prospectus filed with the SEC pursuant to Rule 424(b)(4) under the Securities Act on January 7, 2021.
Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: Selected Financial Data.
−Removed: As a Smaller Reporting Company, we have elected not to include Selected Financial Data pursuant to Item 301(c) of Regulation S-K.
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.