Common Stock

6 Months Ended

Jun. 30, 2020

7 – COMMON STOCK

The voting, dividend and liquidation rights of the common stockholders are subject to and qualified by the rights, powers and preferences of the preferred stock. The holders of the common stock are entitled to one vote for each share of common stock held at all meetings of stockholders. Common stockholders are entitled to receive dividends declared out of funds legally available, subject to the payment in full of all preferential dividends to which the holders of preferred stock are entitled. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company, after the payment or provision for payment of all debts and liabilities of the Company and all preferential amounts to which the holders of preferred stock are entitled, if any, the common stockholders and preferred stockholders (on an

as-converted

basis) are entitled to share ratably in the remaining assets of the Company available for distribution.

The Company’s common stock available for future issuance as of June 30, 2020 is summarized as follows:


Common stock authorized			146,000,000
Common stock authorized, issued and outstanding			1,488,489
Common stock authorized and reserved for future issuance:
Common stock reserved for the conversion of Series A			3,343,542
Common stock reserved for the conversion of Series B			4,499,824
Common stock reserved for the conversion of Series C			7,104,883
Common stock reserved for future exercises of stock option awards			1,073,044
Common stock reserved for future share-based awards			729,575

Total common stock authorized and reserved for future issuance			18,239,357

Unreserved common stock available for future issuance			127,760,643