12/06/2021 | Press release | Distributed by Public on 12/06/2021 15:38
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Title of Each Class of
Securities to be Registered |
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Amount to be
Registered |
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Proposed
Maximum OfferingPrice Per Security |
| | |
Proposed
Maximum Aggregate Offering Price |
| | |
Amount of
Registration Fee(1) |
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Common Stock, par value $0.001 per share
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| | | | | 36,964,286(2) | | | | | | $ | 7.00 | | | | | | $ | 258,750,002.00 | | | | | | $ | 23,986.13 | | |
Common Warrants to Purchase Common Stock
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| | | | | 36,964,286(3) | | | | |
(3)
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(3)
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(3)
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Common Stock, par value $0.001 per share, underlying the Common Warrants
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| | | | | 36,964,286(4) | | | | | | $ | 9.00 | | | | | | $ | 332,678,574.00 | | | | | | $ | 30,839.30 | | |
Total | | | | | | | | | | | | | | | | | | | $ | 591,428,576.00 | | | | | | $ | 54,825.43 | | |
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Per Share and
Accompanying Common Warrant |
| |
Total
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Public Offering price(1)
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| | | $ | 7.00 | | | | | $ | 225,000,006.00 | | |
Underwriting discounts and commissions(2)
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| | | $ | 0.49 | | | | | $ | 15,750,000.42 | | |
Proceeds, before expenses and fees, to us
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| | | $ | 6.51 | | | | | $ | 209,250,005.58 | | |
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Page
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PROSPECTUS SUPPLEMENT
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About This Prospectus Supplement
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| | | | S-1 | | |
Prospectus Supplement Summary
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| | | | S-2 | | |
The Offering
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| | | | S-4 | | |
Risk Factors
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| | | | S-6 | | |
Cautionary Statement Regarding Forward-Looking Statements
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| | | | S-11 | | |
Use of Proceeds
|
| | | | S-13 | | |
Dilution
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| | | | S-14 | | |
Description of Securities Offered
|
| | | | S-16 | | |
Market for Common Stock
|
| | | | S-19 | | |
Dividend Policy
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| | | | S-19 | | |
Underwriting
|
| | | | S-20 | | |
Legal Matters
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| | | | S-26 | | |
Experts
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| | | | S-26 | | |
Where You Can Find More Information
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| | | | S-26 | | |
Incorporation by Reference
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| | | | S-27 | | |
PROSPECTUS
|
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ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
RISK FACTORS
|
| | | | 2 | | |
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
|
| | | | 3 | | |
THE COMPANY
|
| | | | 5 | | |
USE OF PROCEEDS
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| | | | 7 | | |
GENERAL DESCRIPTION OF SECURITIES
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| | | | 8 | | |
DESCRIPTION OF CAPITAL STOCK
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| | | | 9 | | |
DESCRIPTION OF DEBT SECURITIES
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| | | | 14 | | |
DESCRIPTION OF WARRANTS
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| | | | 21 | | |
DESCRIPTION OF UNITS
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| | | | 22 | | |
PLAN OF DISTRIBUTION
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| | | | 25 | | |
LEGAL MATTERS
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| | | | 28 | | |
EXPERTS
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| | | | 28 | | |
WHERE YOU CAN FIND MORE INFORMATION
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| | | | 28 | | |
INCORPORATION BY REFERENCE
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| | | | 28 | | |
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Public offering price per share and accompanying Common Warrant
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| | | | | | | | | $ | 7.00 | | |
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Historical net tangible book value per share as of September 30, 2021
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| | | $ | (12.60) | | | | | | | | |
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Increase in net tangible book value per share attributable to the pro forma adjustment described above
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| | | | 0.97 | | | | | | | | |
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Pro forma net tangible book value per share as of September 30, 2021
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| | | $ | (11.63) | | | | | | | | |
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Increase in pro forma net tangible book value per share attributable to this offering
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| | | $ | 9.40 | | | | | | | | |
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Pro forma as adjusted net tangible book value per share after giving effect to this offering
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| | | $ | (2.24) | | | | | | | | |
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Dilution in net tangible book value per share to investors participating in this offering
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| | | | | | | | | $ | 9.24 | | |
Underwriter
|
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Number of
Shares |
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Number of
Common Warrants |
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H.C. Wainwright & Co., LLC
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| | | | 32,142,858 | | | | | | 32,142,858 | | |
Per Share
|
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Per Share and
Accompanying Common Warrant |
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Total
without Option |
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Total
with Option |
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Public offering price
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| | | $ | 7.00 | | | | | $ | 225,000,006.00 | | | | | $ | 258,750,002.00 | | |
Underwriting discounts and commissions payable by us
|
| | | $ | 0.49 | | | | | $ | 15,750,000.42 | | | | | $ | 18,112,500.14 | | |
Proceeds, before expenses and fees, to us
|
| | | $ | 6.51 | | | | | $ | 209,250,005.58 | | | | | $ | 240,637,501.86 | | |
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Page
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| |||
ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
RISK FACTORS
|
| | | | 2 | | |
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
|
| | | | 3 | | |
THE COMPANY
|
| | | | 5 | | |
USE OF PROCEEDS
|
| | | | 7 | | |
GENERAL DESCRIPTION OF SECURITIES
|
| | | | 8 | | |
DESCRIPTION OF CAPITAL STOCK
|
| | | | 9 | | |
DESCRIPTION OF DEBT SECURITIES
|
| | | | 14 | | |
DESCRIPTION OF WARRANTS
|
| | | | 21 | | |
DESCRIPTION OF UNITS
|
| | | | 22 | | |
PLAN OF DISTRIBUTION
|
| | | | 25 | | |
LEGAL MATTERS
|
| | | | 28 | | |
EXPERTS
|
| | | | 28 | | |
WHERE YOU CAN FIND MORE INFORMATION
|
| | | | 28 | | |
INCORPORATION BY REFERENCE
|
| | | | 28 | | |