Annual report [Section 13 and 15(d), not S-K Item 405]

Subsequent Events

v3.25.1
Subsequent Events
12 Months Ended
Dec. 31, 2024
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 16 - SUBSEQUENT EVENTS

 

As described in Note 11(f), under the ATM Agreement, Wainwright may sell shares through transactions classified as “at the market” offerings, as defined in Rule 415 under the Securities Act, as amended, or through other legally permitted methods, including privately negotiated transactions.

 

On January 2, 2025, the Company sold 878,000 shares of common stock under the ATM Agreement, generating gross proceeds of approximately $1.33 million. The related offering costs amounted to $0.04 million. In addition, in March 2025, we increased the at-the-market equity program by an additional $1.3 million.