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Common Stock
9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Common Stock

10. Common Stock

As of each of September 30, 2021 and December 31, 2020, the Company’s certificate of incorporation authorized the Company to issue 300,000,000 shares of common stock, at a par value of $0.0001 per share. The holder of each share of common stock is entitled to one vote per share.

Common stockholders are entitled to dividends, if and when declared by the board of directors. To date, no dividends on common stock have been declared by the board of directors.

As of September 30, 2021 and December 31, 2020, the Company has reserved common stock, on an as-converted basis, for future issuance as follows:

 

 

 

September 30,
2021

 

 

December 31,
2020

 

Issuance of common stock under the 2020 Equity Incentive Award Plan

 

 

2,608,625

 

 

 

2,606,546

 

Issuance of common stock under the Employee Stock Purchase Plan

 

 

519,156

 

 

 

252,337

 

Exercise of options issued and outstanding

 

 

4,082,539

 

 

 

3,194,113

 

Exercise of common stock warrants

 

 

98,669

 

 

 

98,669

 

Total common stock reserved for future issuance

 

 

7,308,989

 

 

 

6,151,665