|3 Months Ended|
Mar. 31, 2022
|12. Subsequent Events||
12. Subsequent Event
On April 25, 2022, the Company closed a private placement of 898,585 shares of its common stock, pre-funded warrants to purchase 2,875,000 shares of common stock (the “Pre-Funded Warrant”) and warrants to purchase up to 3,773,585 shares of common stock at an exercise price of $1.325 per share (the “Common Warrant”) for gross proceeds of $5.0 million. The Common Warrant related to this private placement will expire five years from the date the resale Form S-1 is declared effective, which was on May 13, 2022.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef