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Warrants
3 Months Ended
Mar. 31, 2020
Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants [Abstract]  
Warrants

Note 12. Warrants

In connection with certain of its redeemable convertible preferred stock issuances, convertible debt financings 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 September 2019, in connection with the Securities Purchase Agreement (see Note 13), the Company issued and sold an aggregate of 5,411,687 pre-funded warrants exercisable for an aggregate of 5,411,687 shares of common stock. The total exercise price of the pre-funded warrants is $0.65 per share, $0.64 of which was pre-funded and paid to the Company upon issuance of the pre-funded warrants. The remaining exercise price of the pre-funded warrants is $0.01 per share. In March 2020, 3,176,762 of the pre-funded warrants were exercised for proceeds of $31,768. As of March 31, 2020, the remaining pre-funded warrants remain outstanding and are exercisable by the holders at any time.

 

The following table shows the common stock warrants outstanding as of March 31, 2020:

 

Warrant Issuance Date

 

Shares of Common Stock Underlying Warrants

 

 

Exercise

Price/Share

 

 

Expiration Date

August 2014

 

 

28,713

 

 

$

23.51

 

 

2024

December 2014

 

 

144,772

 

 

 

14.00

 

 

2022

March 2016

 

 

45,307

 

 

 

2.76

 

 

2026

March 2018

 

 

18,123

 

 

 

7.73

 

 

2028

September 2019

 

 

2,234,925

 

 

 

0.01

 

 

N/A