Quarterly report pursuant to Section 13 or 15(d)

Subsequent Event

v3.20.2
Subsequent Event
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Event

Note 15—Subsequent Event

As disclosed in Note 11, in August 2020, the Company completed the August 2020 Offering of an aggregate of 34,285,714 shares of common stock, together with accompanying warrants to purchase up to an aggregate of 34,285,714 shares of common stock, at a public offering price of $0.35 per share and accompanying warrant. Placement agent warrants were issued to purchase up to an aggregate of 2,399,999 shares of common stock, are immediately exercisable for an exercise price of $0.4375. The Company received approximately $10.6 million in net proceeds, after deducting placement agent’s fees and other estimated offering expenses payable by it.