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Subsequent Events
3 Months Ended
Mar. 31, 2023
Subsequent Events [Abstract]  
Subsequent Events
20.
Subsequent Events

The Company has evaluated subsequent events through the financial statement issuance date, March 29, 2023, pursuant to ASC 855-10 Subsequent Events.

In April 2023, the Company issued 1,500,000 shares of our common stock at $8.00 per share in an underwritten public offering. Net proceeds to the Company in connection with its initial public offering were approximately $6.9 million after deducting underwriting discounts, commissions and other offering expenses.

In May 2023, the Company repaid the approximately $2.0 million in senior secured notes in connection with the Bridge Note Financing.

In June 2023, the Company entered into a note purchase agreement pursuant to which the Company agreed to issue up to $15.8 million in aggregate principal amount of 10% senior secured notes due June 25, 2025. The Notes are the senior secured obligations of the Company, bear interest at a rate of 10.0% per annum, and contain customary events of default. The Notes will mature on June 25, 2025, subject to earlier repurchase by the Company. The Company may redeem the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus any accrued and unpaid interest to (including any additional interest), but excluding, the redemption date.