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Note 7 - Subsequent Events
6 Months Ended
Mar. 31, 2022
Notes to Financial Statements  
Subsequent Events [Text Block]

7. Subsequent Events

 

Public Offering of Common Stock

 

On April 13, 2022, the Company announced an underwritten public offering of 1,700,000 shares of its common stock at a public offering price of $2.55 per share. The company granted the underwriter a 45-day option to purchase up to an additional 255,000 shares of common stock at the public offering price, less underwriting discounts and commissions.

 

On April 19, 2022, the public offering closed. Gross proceeds from the sale of 1,700,000 shares before deducting underwriting discounts and commissions and other offering expenses were approximately $4.3 million.