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Warrants (Tables)
12 Months Ended
Dec. 31, 2023
Warrants [Abstract]  
Warrants Outstanding and Changes in Warrants to Purchase Common Stock

A summary of the Company’s outstanding warrants at December 31, 2023 is as follows:

 

Exercise Price

 

Outstanding

 

 

Grant/Assumption Date

 

Expiration Date

$57.11

 

 

603,386

 

 

December 21, 2020

 

December 21, 2030

33.63

 

 

301,291

 

 

August 9, 2021

 

August 9, 2031

22.51

 

 

153,155

 

 

December 17, 2021

 

December 17, 2031

22.51

 

 

153,155

 

 

December 17, 2021

 

December 17, 2031

65.23

 

 

617,050

 

 

December 1, 2022

 

April 23, 2025

65.23

 

 

760,086

 

 

December 1, 2022

 

December 1, 2026

$0.01

 

 

3,126,955

 

 

September 15, 2023

 

N/A

Total

 

 

5,715,078

 

 

 

 

 

 

The following table below is the summary of changes in the Company’s warrants to purchase common stock for the years ended December 31, 2023 and 2022:

 

 

 

Number of Warrant Shares

 

 

 

 

 

 

Outstanding and Exercisable

 

 

Exercise Price per Share

 

Balance as of December 31, 2021

 

 

1,218,038

 

 

 

 

Assumed Renovacor Private warrants - liability

 

 

617,050

 

 

$

65.23

 

Assumed Renovacor Public warrants - equity

 

 

760,086

 

 

 

65.23

 

Assumed Renovacor Pre-funded warrants - equity

 

 

126,093

 

 

 

0.06

 

Balance as of December 31, 2022

 

 

2,721,267

 

 

 

 

Issued

 

 

3,126,955

 

 

 

0.01

 

Exercised

 

 

(126,093

)

 

 

0.06

 

Expired

 

 

(7,051

)

 

$

24.42

 

Balance as of December 31, 2023

 

 

5,715,078