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Subsequent Events
3 Months Ended
Mar. 31, 2021
Subsequent events  
Subsequent events

12. Subsequent events

On April 28, 2021, the Company sold 1,000,000 shares of the Company’s common stock in a private placement at a price of $27.00 per share for gross proceeds of $27.0 million. In connection with the private placement, the Company also issued Series B Warrants (the Series B Warrants) to purchase 500,000 shares of common stock. The Series B Warrants are exercisable at any time, have an exercise price of $45.00 per share and will terminate at the earlier of (i) three years from the date of issuance and (ii) upon liquidation or deemed liquidation of the Company. The Series B Warrants are callable by the Company in certain circumstances.