Risk Factors Update Summary
- Accumulated deficit increased from $392.1 million to $436.7 million as of December 31, 2022 to 2023.
- Gross proceeds from the Open Market Sale Agreement increased from approximately $59 million to $21.2 million.
- Entered into an underwriting agreement for an underwritten public offering of 4,325,000 shares at $19.00 per share.
- Completed public offering raised gross proceeds of approximately $94.5 million and net proceeds of $88.5 million.
- Suspended and terminated a prospectus supplement related to shares issuable under the Open Market Sale Agreement.
- Entered into a term loan agreement for up to $20 million, secured by a lien on personal property.
- Received notice of non-compliance with Nasdaq's minimum stockholders' equity requirement and implemented a plan for compliance.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1595097&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.