Note 12 - Equity Offerings

6 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Equity Offerings [Text Block]

12. Equity Offerings

2022 ATM Offering

On  March 18, 2022, the Company entered into a Controlled Equity Offering Sales Agreement (the “2022 Sales Agreement”) with Cantor Fitzgerald & Co. (“Cantor”) and Oppenheimer & Co. Inc. (“Oppenheimer”), collectively, “the Agents”. The Company commenced an at-the-market offering (the “2022 ATM Offering”) pursuant to which the Company could offer and sell, from time to time, at its option, shares of its common stock for an aggregate offering price of up to $100.0 million. The aggregate compensation payable to the Agents was 3.0% of the aggregate gross proceeds from each sale of the Company’s common stock.

The following table presents details about common stock issued pursuant to the 2022 ATM Offering (in thousands, except share and per share amounts):

	For the Three Months Ended June 30, 2023			For the Six Months Ended June 30, 2023
Shares of common stock issued		355,072			355,072
Average price per share	$	0.57		$	0.57
Gross proceeds	$	202		$	202
Commission paid to Agents	$	(6	)	$	(6	)
Net proceeds	$	196		$	196