Stockholders' Equity

6 Months Ended

Jun. 30, 2020

Stockholders' Equity

Stockholders' Equity

Note 9 — Stockholders’ Equity

Warrants to Purchase Common Stock

Warrants outstanding at June 30, 2020 were as follows:

	Number	Weighted
	of Shares	Average
	Outstanding	Exercise		Average
	Under	Price per		Contractual
	Warrant	Share		Term (Years)
Warrants outstanding, December 31, 2019	1,600	$	4.61	5.44
Exercised	(475)	$	4.99	5.00
Warrants outstanding, June 30, 2020	1,125	$	4.46	5.44

No expenses with respect to these warrants were recognized during the three and six months ended June 30, 2020 and 2019.

Follow-on Public Offering

In June 2020, the Company completed a follow-on public offering of 17,250 shares of its common stock, which included an over-allotment option to purchase an additional 2,250 shares, at a public offering price of $9.25 per share (the “Offering”). The aggregate gross proceeds from the Offering, including the exercise of the over-allotment, were approximately $159,563, and net proceeds received after underwriting fees and offering expenses totalled approximately $151,773. The Company does not have specific uses of the net proceeds from the Offering but intends to use the net proceeds for working capital and other general corporate purposes, which may include potential acquisitions and strategic transactions.