Subsequent Events |
9 Months Ended |
|---|---|
Sep. 30, 2024 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events From October 10, 2024 through November 14, 2024, the Company issued and sold under the at-the-market offering a total of 1,463,800 shares, resulting in gross proceeds of approximately $1.9 million. After accounting for commissions and expenses totaling $56,000, net proceeds from these sales amounted to approximately $1.8 million. These shares were issued at a weighted-average price of $1.28 per share.
On October 15, 2024, the Company amended its prospectus supplement, initially dated March 30, 2022, to increase the maximum aggregate offering price of its common stock available for sale through its sales agent, Alliance Global Partners ("A.G.P"), under the existing Sales Agreement. This amendment permits the Company to offer and sell additional shares, and raises the total maximum aggregate offering price to $63 million, of which approximately $13 million in gross proceeds has already been realized. Additionally, the amendment includes the registration of an extra $50 million in common stock for issuance through A.G.P., per the terms of the Sales Agreement.
On October 15, 2024, the Company filed a registration statement to resell up to 20,000,000 shares of common stock by Liqueous, LP in connection with its ELOC pursuant to a Common Stock Purchase Agreement dated August 31, 2024.
From October 1, 2024 through October 28, 2024, the Company drew upon its ELOC and issued 1,187,971 shares of common stock at a weighted-average price of $0.91 per share, which resulted in net proceeds of approximately $1.0 million after commissions, fees, and offering costs of $32,000.
|