1 unchanged sentence
Market Information
−Removed: The Company’s common stock has been listed on The Nasdaq Global Market under the symbol “PSNL” since June 20, 2019.
−Removed: Prior to our IPO, there was no public market for our common stock.
−Removed: As of March 20, 2020, there were approximately 144 holders of record of our common stock.
+Added: Our common stock has been listed on The Nasdaq Global Market under the symbol “PSNL” since June 20, 2019.
+Added: Prior to our initial public offering, there was no public market for our common stock.
+Added: As of February 19, 2021, there were approximately 77 holders of record of our common stock.
The actual number of stockholders is greater than this number of record holders, and includes stockholders who are beneficial owners, but whose shares are held in street name by brokers and other nominees.
4 unchanged sentences
Payment of cash dividends, if any, in the future will be at the discretion of our board of directors and will depend on then-existing conditions, including our financial condition, operating results, contractual restrictions, capital requirements, business prospects and other factors our board of directors may deem relevant.
−Removed: Recent Sales of Unregistered Securities
−Removed: Use of Proceeds from our Public Offering of Common Stock
−Removed: On June 19, 2019, the registration statement on Form S-1 (Registration No.
−Removed: 333-231703) for our IPO of our common stock was declared effective by the SEC.
−Removed: On June 24, 2019, we closed our IPO and sold an aggregate of 9,109,725 shares of our common stock, inclusive of the exercise in full by the underwriters of their option to purchase up to an additional 1,188,225 shares of common stock, for an aggregate price of approximately $155 million.
−Removed: Upon completion of the sales of the shares of our common stock, our IPO terminated.
−Removed: The underwriters of our IPO were Morgan Stanley & Co.
−Removed: LLC, BofA Securities, Inc., Cowen and Company, LLC, and Oppenheimer & Co.
−Removed: We paid the underwriters of our IPO an underwriting discount and commission totaling $10.8 million and incurred $4.2 million in offering costs.
−Removed: Thus, the net offering proceeds, after deducting underwriting discounts and offering expenses, were approximately $139.8 million.
−Removed: No payments were made to our directors or officers or their associates, holders of 10% or more of any class of our equity securities, or any affiliates.
−Removed: There has been no material change in the planned use of proceeds from our IPO as described in our final prospectus filed with the SEC on June 20, 2019 pursuant to Rule 424(b)(4).
−Removed: Issuer Purchases of Equity Securities
−Removed: During the quarter ended December 31, 2019, we did not purchase any of our equity securities that are registered under Section 12 of the Exchange Act.
Selected Financial Data.
−Removed: The following selected consolidated financial data should be read in conjunction with the consolidated financial statements and the notes thereto in Item 8 of Part II, “Financial Statements and Supplementary Data,” and the information contained in Item 7 of Part II, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Historical results are not necessarily indicative of future results.
−Removed: Year Ended December 31,
−Removed: Consolidated Statements of Operations:
−Removed: (in thousands, except share and per share data)
−Removed: Costs and expenses
−Removed: Costs of revenues
−Removed: Research and development
−Removed: Selling, general and administrative
−Removed: Total costs and expenses
−Removed: Loss from operations
−Removed: Interest income
−Removed: Interest expense
−Removed: Loss on debt extinguishment
−Removed: Other (expense) income, net
−Removed: Loss before income taxes
−Removed: Provision for income taxes
−Removed: Net loss per share, basic and diluted
−Removed: Weighted-average shares outstanding, basic and diluted
−Removed: Consolidated Balance Sheet Data:
−Removed: (in thousands)
−Removed: Cash and cash equivalents, and short-term investments
−Removed: Working capital
−Removed: Long-term obligations
−Removed: Total liabilities
−Removed: Redeemable convertible preferred stock
−Removed: Total stockholders' equity (deficit)
+Added: We are not providing selected financial data information as we are choosing to voluntarily comply with the revisions to Item 6 of Form 10-K, which eliminated the disclosure requirements contained in Item 301 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.