Subsequent Events |
9 Months Ended |
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Sep. 30, 2024 | |
Subsequent Events [Abstract] | |
Subsequent Events | 13. Subsequent Events From October 1, 2024 through October 18, 2024, the Company received net proceeds of $0.5 million, after deducting commissions and other offering expenses, from the sale of 99,672 shares under the Sale Agreement. The Company sold such shares at a weighted average purchase price of $4.67 per share. On October 7, 2024 as part of the Debt Exchange Transactions (see Note 6), the Holders purchased an additional $4.0 million aggregate principal amount of Payment Priority Notes and were granted warrants to purchase an aggregate of 676,666 shares of common stock with an exercise price of $6.00 per share. Additionally, the Company acquired an aggregate of $10.8 million principal amount, plus accrued and unpaid interest thereon, of the existing 2028 Notes in exchange for $10.8 million Payment Priority Notes. On October 28, 2024, the Company entered into a securities purchase agreement with certain institutional and accredited investors relating to (1) the offering and sale of an aggregate of 745,342 shares of the Company's common stock at an offering price of $4.025 per share in a registered direct offering and (2) the issuance of unregistered warrants to purchase up to 745,342 shares of the Company's common stock with an exercise price of $3.90 to certain accredited investors in a concurrent private placement (collectively, the "October 2024 Offering"). The Company received gross proceeds from the Offering of approximately $3.0 million before deducting placement agent fees and estimated offering expenses. In connection with the October 2024 Offering, the Company also agreed to amend an aggregate of 531,162 outstanding warrants held by purchasers in the offering to (i) lower the exercise price to $3.90 per share and (ii) extend the original expiration date to October 29, 2029. |