Subsequent events

6 Months Ended

Jun. 30, 2020

Subsequent events

Subsequent events

17. Subsequent events

On June 5, 2020, the Company entered into a Sales Agreement (the “Sales Agreement”) with Cantor Fitzgerald & Co. and Oppenheimer & Co. Inc. (the “Sales Agents”) with respect to an at-the-market offering program (“ATM”) under which the Company may offer and sell, from time to time at its sole discretion, ADSs through the Sales Agents, representing the same number of ordinary shares, having an aggregate offering price of up to $50.0 million.  On July 7, 2020, the Company sold 1,192,713 ADSs, representing the same number of ordinary shares at a public offering price of $15.50 per ADS ordinary share pursuant to the Sales Agreement, for gross proceeds of $18.5 million, resulting in net proceeds of $17.6 million after deducting sales commissions and offering expenses of $0.9 million.