Note 14 - Issuances of Common Stock |
9 Months Ended |
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Sep. 30, 2023 | |
Notes to Financial Statements | |
Issuances of Common Stock [Text Block] |
Note 14 – Issuances of Common Stock
As previously disclosed, on August 11, 2023, the Company entered into an at-the-market issuance sales agreement (the “Sales Agreement”) with Craig-Hallum Capital Group LLC whereby the Company, at its discretion, may issue and sell up to $25 million of shares of the Company's common stock, from time to time, by any method deemed to be an “at-the-market” offering, as defined in Rule 415 of the Securities Act, or any method specified in the Sales Agreement. During the three months ended September 30, 2023, the Company sold 958,248 shares of its common stock at a weighted average price of $2.26 per share resulting in cash proceeds of $1.8 million, net of issuance costs, pursuant to the Sales Agreement. In addition, subsequent to September 30, 2023, the Company has sold 37,266 shares of its common stock at a weighted average price of $1.46 per share resulting in cash proceeds of approximately $53,000, net of issuance costs, pursuant to the Sales Agreement.
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