Subsequent Events

6 Months Ended

Jun. 30, 2018

Subsequent Events

Subsequent Events

13. Subsequent Events

On July 12, 2018, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with certain underwriters to complete an equity offering to sell 4,500,000 shares of its common stock to the public at a price of $20 per share, along with the sale of 675,000 additional shares of its common stock to the underwriters upon their exercise of the option to purchase those shares. Upon the closing of the equity offering on July 16, 2018, the Company received proceeds of $96.6 million, net of underwriting discounts and commissions as well as offering expenses totaling approximately $0.7 million.

In July 2018, the Company amended its non-cancelable license agreement with a vendor to extend the term for another three years from July 2018 to March 2020.  The minimum committed fees in this agreement was $3.0 million.