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Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Total
Apexigen, Inc.
Pfizer License Agreement
Common Stock
Common Stock
Apexigen, Inc.
Common Stock
Pfizer License Agreement
Additional Paid-in Capital
Additional Paid-in Capital
Apexigen, Inc.
Additional Paid-in Capital
Pfizer License Agreement
Accumulated Other Comprehensive (Loss) Income
Accumulated Deficit
Beginning balance at Dec. 31, 2022 $ 160,824     $ 34     $ 373,225       $ (212,435)
Beginning Balance, Shares at Dec. 31, 2022       34,958,730              
Issuance of common stock   $ 10,732 $ 5,000   $ 4 $ 2   $ 10,728 $ 4,998    
Issuance of common stock (Shares)         4,344,435 1,811,594          
Issuance of common stock pursuant to at-the-market program, net of offering costs (See Note 7) (Shares)       1,001,208              
Issuance of common stock pursuant to at-the-market program, net of offering costs (See Note 7) 6,122     $ 1     6,121        
Issuance of common stock under employee stock purchase plan ("ESPP") 105           105        
Issuance of common stock under employee stock purchase plan ("ESPP") (Shares)       60,567              
Issuance of restricted common stock, net of tax withholdings (390)     $ 3     (393)        
Issuance of restricted common stock, net of tax withholdings, (Shares)       2,040,288              
Shares issued pursuant to the ATM program, net of commission (shares)       1,001,208              
Stock options exercised 120           120        
Stock options exercised (Shares)       77,270              
Stock-based compensation 13,731           13,731        
Net unrealized (loss) gain on marketable debt securities (105)                 $ (105)  
Net Income (Loss) (58,193)                   (58,193)
Ending balance at Sep. 30, 2023 137,946     $ 44     408,635     (105) (270,628)
Ending balance (in shares) at Sep. 30, 2023       44,294,092              
Beginning balance at Jun. 30, 2023 145,275     $ 39     392,900     (85) (247,579)
Beginning Balance, Shares at Jun. 30, 2023       39,376,941              
Issuance of common stock   $ 10,732     $ 4     $ 10,728      
Issuance of common stock (Shares)         4,344,435            
Vesting of restricted common stock, net of tax withholdings (Shares)       455,375              
Vesting of restricted common stock, net of tax withholdings (393)     $ 1     (394)        
Issuance of common stock under employee stock purchase plan ("ESPP") 105           105        
Issuance of common stock under employee stock purchase plan ("ESPP") (Shares)       60,567              
Shares issued pursuant to the ATM program, net of commission (shares)       0              
Stock options exercised 117           117        
Stock options exercised (Shares)       56,774              
Stock-based compensation 5,179           5,179        
Net unrealized (loss) gain on marketable debt securities (20)                 (20)  
Net Income (Loss) (23,049)                   (23,049)
Ending balance at Sep. 30, 2023 137,946     $ 44     408,635     (105) (270,628)
Ending balance (in shares) at Sep. 30, 2023       44,294,092              
Beginning balance at Dec. 31, 2023 125,704     $ 45     411,821     63 (286,225)
Beginning Balance, Shares at Dec. 31, 2023       44,754,853              
Issuance of common stock in private placement, net of offering costs (See Note 7) (Shares)       8,849,371              
Issuance of common stock in private placement, net of offering costs (See Note 7) 39,172     $ 9     39,163        
Issuance of common stock pursuant to at-the-market program, net of offering costs (See Note 7) (Shares)       4,050,000              
Issuance of common stock pursuant to at-the-market program, net of offering costs (See Note 7) 12,174     $ 4     12,170        
Issuance of pre-funded warrants in private placement, net of offering costs (See Note 8) 7,700           7,700        
Issuance of common stock under employee stock purchase plan ("ESPP") 177           177        
Issuance of common stock under employee stock purchase plan ("ESPP") (Shares)       86,481              
Issuance of restricted common stock, net of tax withholdings (240)     $ 1     (241)        
Issuance of restricted common stock, net of tax withholdings, (Shares)       1,587,161              
Shares issued pursuant to the ATM program, net of commission (shares)       4,050,000              
Stock options exercised $ 293           293        
Stock options exercised (Shares) 122,132     122,132              
Stock-based compensation $ 10,172           10,172        
Net unrealized (loss) gain on marketable debt securities 288                 288  
Net Income (Loss) (41,760)                   (41,760)
Ending balance at Sep. 30, 2024 153,680     $ 59     481,255     351 (327,985)
Ending balance (in shares) at Sep. 30, 2024       59,449,998              
Beginning balance at Jun. 30, 2024 169,794     $ 59     476,619     (102) (306,782)
Beginning Balance, Shares at Jun. 30, 2024       58,914,712              
Issuance of common stock pursuant to at-the-market program, net of offering costs (See Note 7) (Shares)       450,000              
Issuance of common stock pursuant to at-the-market program, net of offering costs (See Note 7) 1,584           1,584        
Issuance of common stock under employee stock purchase plan ("ESPP") 72           72        
Issuance of common stock under employee stock purchase plan ("ESPP") (Shares)       26,599              
Issuance of restricted common stock, net of tax withholdings (1)           (1)        
Issuance of restricted common stock, net of tax withholdings, (Shares)       58,687              
Shares issued pursuant to the ATM program, net of commission (shares)       450,000              
Stock-based compensation 2,981           2,981        
Net unrealized (loss) gain on marketable debt securities 453                 453  
Net Income (Loss) (21,203)                   (21,203)
Ending balance at Sep. 30, 2024 $ 153,680     $ 59     $ 481,255     $ 351 $ (327,985)
Ending balance (in shares) at Sep. 30, 2024       59,449,998