Shareholders Equity

6 Months Ended

Jun. 30, 2019

Shareholders Equity

Shareholders Equity

NOTE 8.  SHAREHOLDERS EQUITY

On May 25, 2018, the Company completed an underwritten public offering of 12,500,000 shares of its common stock at a price to the public of $4.00 per share less underwriting discounts and commissions of $0.24 per share, that were purchased by Jefferies LLC, or Jefferies, and SVB Leerink (formerly known as Leerink Partners LLC), or Leerink, or collectively the Underwriters from the Company, at a price of $3.76 per share, and on June 25, 2018, the Company sold an additional 1,875,000 shares of its common stock at a price to the public of $4.00 per share less underwriting discounts and commissions of $0.24 per share, that were purchased by the Underwriters from the Company at a price of $3.76 per share, following the exercise in full of the underwriters’ option to purchase additional shares of common stock. The Company received net proceeds from the offering of $53.8 million, after deducting the underwriting discounts, commissions and offering expenses.