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Stockholders' Deficiency
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Stockholders’ Deficiency

Note 9 — Stockholders’ Deficiency

 

Treasury stock

 

As part of the Spin-off, and in connection with the initial Distribution of its common stock, the Company has 11,791,690 shares of common stock reserved for issuance in treasury (a) for the holders of certain Parent warrants who will be entitled to receive shares of the Company’s common stock if the warrants are exercised, and (b) for the holders of Parent securities that were subject to beneficial ownership limitations in connection with the distribution and for future issuances.

 

During the three months March 31, 2019, the Company reissued 587,201 shares of common stock from treasury in connection with the exercise of Parent warrants.