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Warrants
12 Months Ended
Dec. 31, 2022
Proceeds from Issuance of Preferred Stock, Preference Stock, and Warrants [Abstract]  
Warrants

Note 13. Warrants

In connection with certain of its redeemable convertible preferred stock issuances, debt agreements, convertible debt and other financing arrangements, the Company has issued warrants for shares of its common stock and various issues of its redeemable convertible preferred stock which have since been converted to common stock warrants.

In connection with the March 2022 Securities Purchase Agreement (see Note 14), the Company issued and sold pre-funded warrants exercisable for an aggregate of 200,911 shares of common stock. The pre-funded warrants had an exercise price of $0.012 per share and were exercised in full in May 2022 for proceeds of $2,411. The Company also issued and sold to the investor common warrants to purchase 270,415 shares of common stock that will expire on March 17, 2024 and common warrants to purchase an additional 270,415 shares of common stock that will expire on September 17, 2027. Each of these common warrants became exercisable commencing September 21, 2022 and has an exercise price of $24.744 per share.

In connection with the December 2022 Securities Purchase Agreement (see Note 14), the Company issued and sold pre-funded warrants exercisable for an aggregate of 1,188,322 shares of common stock. The pre-funded warrants had an exercise price of $0.001 per share and were exercised in full in December 2022 for proceeds of $1,188. The Company also issued and sold to the investor warrants to purchase 1,290,322 shares of common stock that will expire on December 23, 2027 and warrants to purchase an additional 1,290,322 shares of common stock that will expire on December 23, 2024. Each of these common warrants became exercisable commencing December 23, 2022 and has an exercise price of $7.50 per share.

Also in connection with the December 2022 Securities Purchase Agreement, the Company issued warrants to purchase up to an aggregate of 38,709 shares of common stock to designees of the placement agent for the transaction. The warrants issued to the placement agent have substantially the same terms as the warrants above, except the placement agent warrants have an exercise price of $9.6875 per share and expire on December 21, 2027.

The following table shows the common stock warrants outstanding as of December 31, 2022:

Warrant Issuance Date

 

Shares of
Common
Stock
Underlying
Warrants

 

 

Exercise
Price/Share

 

 

Expiration Date

August 2014

 

 

159

 

 

$

4,231.80

 

 

2024

March 2016

 

 

251

 

 

 

496.80

 

 

2026

March 2018

 

 

100

 

 

 

1,391.40

 

 

2028

June 2020

 

 

3,574

 

 

 

139.878

 

 

2030

March 2022

 

 

270,415

 

 

 

24.74

 

 

2024

March 2022

 

 

270,415

 

 

 

24.74

 

 

2027

December 2022

 

 

1,290,322

 

 

 

7.50

 

 

2024

December 2022

 

 

1,290,322

 

 

 

7.50

 

 

2027

December 2022

 

 

38,709

 

 

 

9.6875

 

 

2027