WARRANTS

6 Months Ended

Jun. 30, 2021

WARRANTS [Abstract]

WARRANTS

10. WARRANTS

As of June 30, 2021, the Company received notification that 3,641,018 warrants issued in connection with the Company’s (Jensyn Acquisition Corp.) initial public offering were exercised and 1,820,509 shares of Common Stock were issued in connection with such exercise resulting in cash proceeds to the Company of $20,906,015.

	Number of Warrants
Outstanding, beginning January 1, 2021		4,163,926
Granted		-
Exercised		3,641,018
Redeemed		453,764
Outstanding, ending June 30, 2021		69,144

On March 9, 2021, the Company announced its intention to redeem all of its outstanding public warrants to purchase shares of the Company’s Common Stock that were issued under the Warrant Agreement.

On April 12, 2021, the Company redeemed approximately 453,764 Warrants that remained outstanding on the Redemption Date, in accordance with the Public Warrant terms. After the redemption, as of April 12, 2021, the Company had no outstanding public warrants outstanding.