10 unchanged sentences
The information required by this Item concerning equity compensation plans is incorporated herein by reference from Part III, Item 12 of this report.
−Removed: Use of Proceeds from Registered Securities
−Removed: On August 2, 2016, we issued and sold 4,120,000 shares of our common stock in the initial public offering at a public offering price of $10.00 per share, for aggregate gross proceeds of $41.2 million.
−Removed: All of the shares issued and sold in the initial public offering were registered under the Securities Act pursuant to a Registration Statement on Form S-1 (File No.
−Removed: 333-209115), which was declared effective by the SEC on July 27, 2016.
−Removed: Piper Jaffray & Co.
−Removed: and William Blair & Company, L.L.C.
−Removed: acted as joint book-running managers for the offering.
−Removed: The offering terminated on August 2, 2016.
−Removed: The net offering proceeds to us, after deducting underwriting discounts of approximately $2.9 million and offering expenses paid by us totaling approximately $2.9 million, were approximately $35.4 million.
−Removed: No offering expenses were paid directly or indirectly to any of our directors or officers (or their associates) or persons owning 10.0% or more of any class of our equity securities or to any other affiliates.
−Removed: We also paid $8.2 million in cumulative accrued dividends to our Series A preferred stockholders from the issuance proceeds.
−Removed: At December 31, 2019, the net proceeds from our initial public offering were held in a diversified portfolio of bank deposits, government money market funds, government securities (U.S.
−Removed: Treasury and U.S.
−Removed: government agency securities) and high-grade short-term corporate bonds.
−Removed: All investments were in compliance with our Investment Policy and are highly liquid, with liquidity and capital preservation being the primary investment objectives.
−Removed: There has been no material change in our planned uses of the net proceeds from those described in the Prospectus dated July 27, 2016.
Stock Performance Graph
20 unchanged sentences
Total operating expenses
−Removed: Income from operations
−Removed: Other income (expense)
−Removed: Income before income taxes
−Removed: Income tax expense (benefit)
+Added: (Loss) income from operations
+Added: (Loss) income before income taxes
+Added: Income tax (benefit) expense
+Added: Net (loss) income
Convertible preferred stock dividends
−Removed: Net income (loss) attributable to common stockholders
−Removed: Net income (loss) per common share attributable to common stockholders(1)
−Removed: Weighted-average common shares used to compute net income (loss) per common share attributable to common stockholders
+Added: Net (loss) income attributable to common stockholders
+Added: Net (loss) income per common share attributable to common stockholders
+Added: Weighted-average common shares used to compute net (loss) income per common share attributable to common stockholders
At December 31,
3 unchanged sentences
Working capital
−Removed: Convertible preferred stock
Retained earnings (accumulated deficit)
−Removed: Total stockholders' equity (deficit)
−Removed: (1) Net income (loss) per common share attributable to common stockholders was calculated under the two-class method prior to our initial public offering in 2016, as our convertible preferred stock participated in our undistributed earnings prior to our initial public offering.
−Removed: The two-class method requires earnings for the period to be allocated based upon their respective rights to receive distributed and undistributed earnings.
−Removed: No adjustment is made during periods with a net loss, as the holders of the convertible preferred stock have no obligation to fund losses .
+Added: Total stockholders' equity
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.