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Note 11 - Subsequent Events
9 Months Ended
Sep. 30, 2022
Notes to Financial Statements  
Subsequent Events [Text Block]

11.       Subsequent events

 

On November 2, 2022, the Company and certain accredited investors (each an “Investor” and collectively, the “Investors”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) pursuant to which the Company agreed to sell and issue to the Investors in a PIPE financing an aggregate of 25,000,000 shares of the Company’s common stock at a purchase price of $3.21 per share. The gross proceeds to the Company from the PIPE are $80.3 million, before deducting fees to the placement agents and other offering expenses payable by the Company. This transaction closed on November 4, 2022.