Equity Offerings |
3 Months Ended |
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Mar. 31, 2024 | |
Equity Offerings | |
Equity Offerings |
16. Equity Offerings On August 24, 2022, the Company filed a prospectus supplement to its Form S-3 Registration Statement covering the sale of up to $75.0 million of its common shares and its Series A Preferred Stock (as defined in Note 19 below) with an aggregate liquidation preference of up to $25.0 million in an “at-the market” offering, which is ongoing. During the three months ended March 31, 2024, under this offering, the Company sold an aggregate of 568,711 common shares, realizing gross proceeds of approximately $2.1 million and 79,034 shares of its Series A Preferred Stock having an aggregate liquidation preference of approximately $2.0 million, realizing gross proceeds of approximately $1.6 million (representing a discount of approximately 20% from the liquidation preference). The Company’s issuance costs for both common shares and Series A Preferred Stock shares sold during the three months ended March 31, 2024 were nominal. |
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- References No definition available.
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- Definition The entire disclosure for equity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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