Quarterly report pursuant to Section 13 or 15(d)

Common Stock and Preferred Stock

v3.22.2.2
Common Stock and Preferred Stock
 9 Months Ended
Sep. 30, 2022
Common Stock, and Preferred Stock [Abstract]  
Common Stock and Preferred Stock

7. Common Stock and Preferred Stock

 

Common Stock

 

The Company is authorized to issue 500,000,000 shares of common stock with a par value of $0.0001 per share. Each share of common stock entitles the holder to one vote on all matters submitted to a vote of the Company’s stockholders. Subject to preferences that may apply to any outstanding preferred stock, holders of common stock are entitled to receive ratably any dividends that the Company’s Board of Directors may declare out of funds legally available for that purpose on a non-cumulative basis. No dividends had been declared through September 30, 2022.

 

Common Stock Warrants

 

At September 30, 2022, the Company had the following warrants outstanding to acquire shares of its common stock:

 

Expiration Date   Shares of
common
stock
issuance
upon
exercise of
warrant		     Exercise
Price Per
Warrant		  
October 25, 2024     346,500     $ 3.00  
June 11, 2025     234     $ 96.24  
November 13, 2025     218,078     $ 3.00  
July 28, 2027     91     $ 106.17  
August 28, 2028     1,052     $ 39.76  
May 4, 2029     48,295     $ 2.38  
September 2, 2029     2,187,453     $ 2.88  
      2,801,703          

  

Preferred Stock

 

The Company is authorized to issue 10,000,000 shares of preferred stock with a par value of $0.0001 per share. The Company’s Board of Directors are authorized, subject to limitations prescribed by Delaware law, to issue preferred stock in one or more series, to establish from time to time the number of shares to be included in each series, and to fix the designation, powers, preferences, and rights of the shares of each series. As of September 30, 2022 there were no shares of preferred stock issued or outstanding.