Preferred Stock and Common Stock

6 Months Ended

Jun. 30, 2023

Preferred Stock and Common Stock

Preferred Stock and Common Stock

7. Preferred Stock and Common Stock

Undesignated Preferred Stock

As of June 30, 2023 and December 31, 2022, the Company’s certificate of incorporation, as amended, authorized the Company to issue up to 5,000,000 shares of undesignated preferred stock at $0.0001 par value per share. As of June 30, 2023 and December 31, 2022, there were no shares of preferred stock issued or outstanding.

Common Stock

As of June 30, 2023 and December 31, 2022, the Company is authorized to issue up to 200,000,000 shares of common stock, $0.0001 par value per share under its certificate of incorporation, as amended.

Shares Reserved for Future Issuance

As of June 30, 2023 and December 31, 2022, the Company had reserved shares of common stock for future issuance under the 2020 Stock Incentive Plan (as amended, the “2020 Plan”), the 2021 Stock Incentive Plan (the “2021 Plan”), the 2022 Inducement Stock Incentive Plan (the “2022 Inducement Plan”) and the 2021 Employee Stock Purchase Plan (the “2021 ESPP”) as follows:

	June 30,	December 31,
	2023	2022
Shares of common stock reserved for exercise of a warrant	2,631	2,631
Shares of common stock reserved for exercise of outstanding stock options under the 2020 Plan, 2021 Plan and 2022 Inducement Plan	5,975,240	4,960,553
Shares of common stock reserved for future awards under the 2021 Plan	3,263,377	2,848,568
Shares of common stock reserved for future awards under the 2022 Inducement Plan	220,000	275,000
Shares of common stock reserved for purchase under the 2021 ESPP	772,507	566,720
Total shares reserved for future issuance	10,233,755	8,653,472