05/13/2022 | Press release | Distributed by Public on 05/13/2022 15:29
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Per Share and Related
Warrant |
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Per Pre-Funded Warrant and
Related Warrant |
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Total(1)
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Offering price
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| | | $ | 3.07 | | | | | $ | 3.0699 | | | | | $ | 23,950,000 | | |
Placement Agent fees
|
| | | $ | 0.1842 | | | | | $ | 0.1842 | | | | | $ | 1,454,977 | | |
Proceeds to us, before expenses(2)
|
| | | $ | 2.8857 | | | | | $ | 2.8857 | | | | | $ | 22,495,023 | | |
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ABOUT THIS PROSPECTUS SUPPLEMENT
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| | | | S-1 | | |
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
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| | | | S-3 | | |
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PROSPECTUS SUPPLEMENT SUMMARY
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| | | | S-5 | | |
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RISK FACTORS
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| | | | S-10 | | |
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USE OF PROCEEDS
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| | | | S-15 | | |
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DIVIDEND POLICY
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| | | | S-16 | | |
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DILUTION
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| | | | S-17 | | |
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PLAN OF DISTRIBUTION.
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| | | | S-21 | | |
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LEGAL MATTERS
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| | | | S-23 | | |
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EXPERTS
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| | | | S-23 | | |
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WHERE YOU CAN FIND MORE INFORMATION
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| | | | S-23 | | |
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INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
|
| | | | S-24 | | |
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ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
|
PROSPECTUS SUMMARY
|
| | | | 2 | | |
|
RISK FACTORS
|
| | | | 5 | | |
|
WHERE YOU CAN FIND MORE INFORMATION
|
| | | | 7 | | |
|
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
|
| | | | 7 | | |
|
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
|
| | | | 9 | | |
|
USE OF PROCEEDS
|
| | | | 10 | | |
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DESCRIPTION OF CAPITAL STOCK
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| | | | 10 | | |
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DESCRIPTION OF DEBT SECURITIES
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| | | | 14 | | |
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DESCRIPTION OF WARRANTS
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| | | | 27 | | |
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DESCRIPTION OF STOCK PURCHASE CONTRACTS
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| | | | 28 | | |
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DESCRIPTION OF RIGHTS
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| | | | 28 | | |
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DESCRIPTION OF UNITS
|
| | | | 29 | | |
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PLAN OF DISTRIBUTION
|
| | | | 30 | | |
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LEGAL MATTERS
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| | | | 32 | | |
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EXPERTS
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| | | | 32 | | |
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Public offering price per share and accompanying primary warrant
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| | | | | | | | | $ | 3.07 | | |
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Net tangible book value per share as of January 29, 2022
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| | | $ | (2.67) | | | | | | | | |
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Increase per share attributable to new investors in this offering
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| | | $ | 1.47 | | | | | | | | |
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As adjusted net tangible book value per share after giving effect to this
offering |
| | | | | | | | | $ | (1.20) | | |
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Dilution per share to new investors purchasing shares in this offering
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| | | | | | | | | $ | 4.27 | | |
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Per Share and
Accompanying Common Warrant |
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Per Pre-Funded
Warrant and Accompanying Common Warrant |
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Placement Agent Fees
|
| | | $ | 0.1842 | | | | | $ | 0.1842 | | |
|
ABOUT THIS PROSPECTUS
|
| | | | 1 | | |
|
PROSPECTUS SUMMARY
|
| | | | 2 | | |
|
RISK FACTORS
|
| | | | 5 | | |
|
WHERE YOU CAN FIND MORE INFORMATION
|
| | | | 7 | | |
|
INCORPORATION OF CERTAIN INFORMATION BY REFERENCE
|
| | | | 7 | | |
|
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
|
| | | | 9 | | |
|
USE OF PROCEEDS
|
| | | | 10 | | |
|
DESCRIPTION OF CAPITAL STOCK
|
| | | | 10 | | |
|
DESCRIPTION OF DEBT SECURITIES
|
| | | | 14 | | |
|
DESCRIPTION OF WARRANTS
|
| | | | 27 | | |
|
DESCRIPTION OF STOCK PURCHASE CONTRACTS
|
| | | | 28 | | |
|
DESCRIPTION OF RIGHTS
|
| | | | 28 | | |
|
DESCRIPTION OF UNITS
|
| | | | 29 | | |
|
PLAN OF DISTRIBUTION
|
| | | | 30 | | |
|
LEGAL MATTERS
|
| | | | 32 | | |
|
EXPERTS
|
| | | | 32 | | |
Grant Date
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Warrants Outstanding
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Warrants Exercisable
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Exercise Price
(Per Share) |
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Expiration Date
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September 19, 2016
|
| | | | 297,616 | | | | | | 297,616 | | | | | $ | 29.00 | | | | | | September 19,2021 | | |
November 10, 2016
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| | | | 33,386 | | | | | | 33,386 | | | | | $ | 30.00 | | | | | | November 10,2021 | | |
January 23, 2017
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| | | | 48,930 | | | | | | 48,930 | | | | | $ | 17.60 | | | | | | January 23,2022 | | |
March 16, 2017
|
| | | | 5,000 | | | | | | 5,000 | | | | | $ | 19.20 | | | | | | March 16,2022 | | |
May 2, 2019
|
| | | | 349,998 | | | | | | 349,998 | | | | | $ | 15.00 | | | | | | May 2,2024 | | |
April 17, 2020
|
| | | | 367,197 | | | | | | 367,197 | | | | | $ | 2.66 | | | | | | April 14,2025 | | |
May 22, 2020
|
| | | | 122,398 | | | | | | 122,398 | | | | | $ | 2.66 | | | | | | April 14,2025 | | |
June 8, 2020
|
| | | | 122,399 | | | | | | 122,399 | | | | | $ | 2.66 | | | | | | April 14,2025 | | |
June 12, 2020
|
| | | | 122,398 | | | | | | 122,398 | | | | | $ | 2.66 | | | | | | April 14,2025 | | |
July 11, 2020
|
| | | | 244,798 | | | | | | 244,798 | | | | | $ | 2.66 | | | | | | April 14,2025 | | |