Related Party Transactions

12 Months Ended

Dec. 31, 2021

Related Party Transactions

Related Party Transactions

Note 14. Related Party Transactions

Related Party Agreements

There have been no transactions between the Company and a related person in which the related person had a direct or indirect material interest for the years ended December 31, 2021 and 2020.

Secondary Public Offering of Common Stock for Selling Stockholders

On December 11, 2020, certain selling stockholders of the Company (the “Selling Stockholders”), Roth Capital Partners, LLC (the “Underwriter”) and the Company entered into an underwriting agreement, pursuant to which the Selling Stockholders agreed to sell to the Underwriter, and the Underwriter agreed to purchase from the Selling Stockholders, subject to and upon the terms and conditions set forth therein, an aggregate of 8,548,485 shares of Common Stock. The offering closed on December 15, 2020. The Company did not receive any proceeds from the sale of shares of Common Stock in the offering.

The offering was made pursuant to effective shelf registration statements (File No. 333-233677, effective October 11, 2019, and 333-215602, effective May 1, 2018) and prospectuses filed by the Company with the SEC. The offering of these securities was made only by means of a prospectus and prospectus supplement.