2 unchanged sentences
These risks primarily relate to interest rates.
−Removed: Our cash, cash equivalents, and restricted cash consists of bank deposits and money market funds, which totaled $138.3 million and $401.5 million at December 31, 2022 and 2021, respectively.
+Added: Our cash, cash equivalents, available-for-sale marketable securities and restricted cash consists of bank deposits and money market funds, which totaled $131.1 million and $138.3 million at December 31, 2023 and 2022, respectively.
Such interest-bearing instruments carry a degree of risk.
1 unchanged sentence
A 100 basis point change in interest rates would not have a material effect on the fair market value of our cash, cash equivalents and restricted cash.
−Removed: The majority of our cash, cash equivalents and restricted cash are uninsured with account balances in excess of the Federal Deposit Insurance Company limits.
−Removed: On March 14, 2023, we announced full access to our capital with nearly 100% of the Company’s cash and cash equivalents held in an institution designated as systematically important financial institutions.
−Removed: The revolving credit facility under the SVB Agreement includes variable interest rate terms for the outstanding principal amount of any advance.
−Removed: Therefore, changes change in interest rates can impact our interest payments we are obligated to pay.
−Removed: As of December 31, 2022, no amounts have been drawn under the SVB Agreement.
−Removed: A dditional information on our long-term debt can be found in out audited financial statements in Note 8, “Long-Term Debt.”
−Removed: Table of Content
+Added: Our Perceptive Term Loan Facility includes variable interest rate terms for the outstanding principal amount of $50 million at October 27, 2023.
+Added: Therefore, changes in interest rates can impact future interest payments we are obligated to pay.
+Added: See Note 9, “Long-Term Debt” to our consolidated financial statements for further information.
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.