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Subsequent Events
12 Months Ended
Dec. 31, 2016
Subsequent Events [Abstract]  
Subsequent Events

17. Subsequent Events

On February 2, 2017, the Company closed on the sale of 2,000,000 shares of common stock, at a price of $2.50 per share, in a registered direct offering. The estimated net proceeds to the Company were approximately $4.5 million.

On February 8, 2017, the Company closed on the sale of 950,000 shares of common stock, at a price of $3.50 per share, in a registered direct offering. The estimated net proceeds to the Company were approximately $3.0 million.

Pursuant to the evergreen provision under the Pulmatrix, Inc. 2013 Employee, Director and Consultant Equity Incentive Plan, 742,526 shares were added to the total number of authorized shares under the plan.