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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 15: SUBSEQUENT EVENTS:

 

Series I Warrants Exercise

 

Subsequent to the balance sheet date and prior to the issuance of these financial statements, holders of the Company’s series I warrants exercised a total of 11,505,326 warrants, resulting in the issuance of 943,641 shares of common stock and 10,561,685 pre-funded warrants, for aggregate proceeds of approximately $15,907 thousand dollars.

 

On July 30, 2025, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with investors pursuant to which the Company issued and sold in a private placement (the “Private Placement Offering) an aggregate of 6,791,380 shares (the “Private Placement Shares”) of the Company’s common stock, and pre-funded warrants (the “Pre-Funded Warrants”) to purchase up to 9,764,804 shares of common stock, at an offering price of $2.42 per Private Placement Share and $2.4199 per Pre-Funded Warrant. The Pre-Funded Warrants will be immediately exercisable at an exercise price of $0.0001 per share and will not expire until exercised in full. The Private Placement Offering resulted in gross proceeds to the Company of approximately $40.1 million and closed on August 1, 2025. 

 

On August 1, 2025, 445,292 shares of common stock have been sold under the ATM program for total gross proceeds of approximately $1.1 million and total fees of approximately $32K thousand.