Stockholders equity

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Stockholder's equity

Stockholders’ equity

At-The-Market Equity Program

In November 2021, the Company filed an automatically effective registration statement on Form S-3, or the Registration Statement, with the SEC that registers the offering, issuance and sale of an unspecified amount of common stock, preferred stock, debt securities, warrants, and/or units of any combination thereof. Simultaneously, the Company entered into an equity distribution agreement with Cowen and Company, LLC, as sales agent, to provide for the issuance and sale by the Company of up to $200.0 million of common stock from time to time in “at-the-market” offerings under the Registration Statement and related prospectus filed with the Registration Statement, or the ATM Program. During the three and nine months ended September 30, 2024, the Company settled 1,631,521 and 4,132,122 shares for net proceeds of $10.3 million and $24.4 million. No amounts were settled under the ATM Program during the three and nine months ended September 30, 2023. As of September 30, 2024, a total of 15,318,264 shares of the Company's common stock at an average purchase price of $5.54 had been sold through the ATM Program, resulting in net proceeds of $82.3 million.