Common Stock

3 Months Ended

Mar. 31, 2022

Stockholders' Equity Note [Abstract]

Common Stock

NOTE 12. COMMON STOCK

The Company issued common stock during the first quarter of 2022 for total net proceeds of $37.9 million. Most of these issuances came through the Company's sales agency agreements under which the sales agents may offer and sell new shares of common stock from time to time. During the first quarter of 2021, the Company did not issue any shares under these agreements.

In April 2022, the Company completed the board and regulatory approval processes to issue an additional 4.8 million shares.