COMMON STOCK

3 Months Ended

Mar. 31, 2025

COMMON STOCK

COMMON STOCK

17.     COMMON STOCK

Common Stock Offering

On February 10, 2025, the Company completed a secondary public offering of its common stock in which the Company issued and sold 9,200,000 shares of its common stock, which included shares pursuant to an option granted to the underwriter to purchase additional shares, at a public offering price of $2.25 per share. The Company received net proceeds of approximately $18.9 million after deducting underwriting discounts, commissions and estimated offering expenses.

Common Stock

The following table summarizes the total number of shares of the Company’s common stock issued and reserved for issuance as of March 31, 2025 and December 31, 2024 (in thousands):

	March 31, 2025	December 31, 2024
Shares of common stock issued	65,820	55,679
Shares of common stock reserved for issuance for:
Common stock warrants outstanding	1,725	1,725
Stock options outstanding	1,223	1,237
Restricted stock units outstanding	5,369	5,253
Shares available for grant under stock incentive plans	4,750	3,596
Shares available for sale under employee stock purchase plan	2,181	1,624
Total shares of common stock issued and reserved for issuance	81,068	69,114

Common Stock Warrants

The following table summarizes the Company’s outstanding common stock warrants as of March 31, 2025, and December 31, 2024:

Warrants
Outstanding
(in thousands)	Exercise Price		Expiration Date
1,125	$	0.94	July-2034
600	$	0.94	Dec-2034
1,725

There have been no grants, exercises, or cancellations of warrants during the three months ended March 31, 2025 and 2024.