For its interim financial statements as of and for the and months ended the Company evaluated subsequent events through the date on which those financial statements were reissued.

 

 

On the Company entered into an “At-The-Market” Facility (“ATM”) equity distribution agreement with Cantor Fitzgerald acting as sole agent. Under the terms of this facility, the Company from time to time, sell shares of our common stock having an aggregate offering value of up to million through Cantor Fitzgerald on the Nasdaq Capital Market.

 

Subsequent to the Company issued shares under this ATM equity facility at an average price of for gross proceeds of million ( million net of share issue costs). Costs associated with the proceeds consisted of a cash commission.

 

 

Subsequent to the quarter end, the Company issued common shares under the Aspire Purchase Agreement at an average price of per share for gross and net proceeds of approximately million. On a cumulative basis to the Company has raised a total of million gross proceeds under the Aspire Purchase Agreement, the total amount that was available under the Agreement.

 

 

On the Company entered into the Aspire Purchase Agreement, which provides that, upon the terms and subject to the conditions and limitations set forth therein, Aspire Capital is committed to purchase up to an aggregate of million of Common Shares over approximately months. Pursuant to the terms of this agreement, on the Company issued Common Shares (“Commitment Shares”) to Aspire Capital in consideration for entering into the Aspire Purchase Agreement. The Company recorded thousand in general and administrative expenses related to the issuance of the Commitment Shares. Subsequent to the quarter end, the Company issued shares under the Aspire Purchase Agreement at an average price of per share for gross and net proceeds of approximately million.