Subsequent Events

6 Months Ended

Jun. 30, 2020

Subsequent Events

Subsequent Events

14. Subsequent Events

Iliad Royalty Interest Purchase Agreement Amendment

On July 10, 2020, the Company entered into an amendment to the Royalty Interest Purchase Agreement with Iliad pursuant to which the Company and Iliad agreed that no royalty payments or other payment will be due prior to December 10, 2020.  In consideration for Iliad’s agreement to enter into the amendment, the balance of the Royalty Repayment Amount as of July 10, 2020 was increased by 10%.  All other terms of the Royalty Interest Documents remain unchanged.

Series 3 Warrant Holders Issued Cashless Exercise Settlement Method

A Special Meeting of Stockholders was held on July 21, 2020, whereupon a proposal to approve the “Alternate Cashless Exercise” settlement method for the Series 3 warrants was approved. The Series 3 warrants and their underlying common shares were registered per the registration statement on Form S-3 on June 5, 2020.

Amendment to the Company’s Third Amended and Restated Certificate of Incorporation

A Special Meeting of Stockholders was held on July 21, 2020, whereupon the proposal to approve an amendment to the Company’s Third Amended and Restated Certificate of Incorporation, as amended, to decrease the

number of authorized shares of common stock to 130,000,000 shares, was approved by the stockholders.