Subsequent Events

6 Months Ended

Jun. 30, 2022

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

In July and August 2022, the Company sold 37,826 shares of Common Stock and raised net proceeds of approximately $403 thousand under its Controlled Equity OfferingSM agreement with Cantor Fitzgerald & Co.

    On August 2, 2022, the Company received notification from BARDA that they had exercised the final commitment amount of approximately $2.1 million, of the total contract amount of $10.8 million, which includes an additional contract modification increase of approximately $459,000.

On August 10, 2022, the Company, delivered a notice (the "Default Notice") to EBS under section 10.3 the “Adapt Agreement”). The Default Notice put EBS on notice that EBS had materially breached one or more of its obligations under the Adapt Agreement (see Note 9 for description of the nature of the breach). As provided under Section 10.3, the Company has the right to terminate the License Agreement if the breach asserted in the Default Notice has not been cured within sixty days after such Default Notice.