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(a) Unregistered Sales of Equity Securities
−Removed: On June 24, 2021, we granted stock options to purchase an aggregate of 159,934 shares of our common stock, each with an exercise price of $16.00 per share, to certain of our employees and directors in connection with services provided to us by such persons.
−Removed: The issuances of the securities described above were exempt from registration pursuant to Section 4(a)(2) of the Securities Act as transactions by an issuer not involving a public offering.
−Removed: The shares of common stock issued upon the exercise of options are deemed to be restricted securities for purposes of the Securities Act.
(b) Use of Proceeds
−Removed: On June 29, 2021, the Company completed its IPO, at which time we issued 6,900,000 shares of our common stock, which includes shares issued upon the exercise in full of the underwriters’
−Removed: option to purchase 900,000 additional shares of the Company’s common stock, at a public offering price of $16.00 per share, for gross proceeds of $110.4 million.
−Removed: We received net proceeds from the IPO of approximately $99.1 million, after deducting underwriting discounts and commissions of $7.7 million and offering expenses of $3.6 million.
−Removed: Cowen and Company LLC and William Blair & Company L.L.C.
−Removed: acted as joint book-running managers for the offering.
−Removed: BTIG, LLC and Stephens Inc.
−Removed: acted as co-managers for the offering.
−Removed: All of the shares issued and sold in our IPO were registered under the Securities Act pursuant to the IPO Registration Statement, which was declared effective by the SEC on June 24, 2021.
−Removed: Following the sale of these shares, the offering terminated.
−Removed: Shares of our common stock began trading on the Nasdaq Global Market on June 25, 2021.
−Removed: No offering expenses were paid directly or indirectly to (i) any of our directors or officers (or their associates), (ii) persons owning ten percent or more of any class of our equity securities, (iii) any of our affiliates or (iv) others.
−Removed: As of June 30, 2021, we have not used any of the net offering proceeds.
−Removed: There have been no material changes in the planned use of proceeds from the IPO from those described in the Final Prospectus.
+Added: Cash used since the IPO is described elsewhere in the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations”
+Added: of our periodic reports filed with the SEC.
+Added: There has been no material change in the planned use of proceeds from the IPO from those described in the Final Prospectus.
+Added: (c) Repurchases
Defaults Upon Senior Securities.
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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.