Note 12 - Common Stock

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Common Stock [Text Block]

Note 12 – COMMON STOCK

The Company’s Articles of Incorporation authorize 400,000,000 shares of common stock with a par value of $0.01.

During January and February 2021, the Company issued 1,871,932 shares of common stock for $21.15 per share, resulting in net proceeds of approximately $39.6 million, after deducting offering expenses.

During March 2021, in connection with the Merger, the Company issued 7,699,887 shares of common stock and warrants to purchase up to 602,392 shares of the Company’s common stock.

On December 31, 2021, 4,631 RSUs granted to certain officers and employees vested. These RSUs were converted to shares of our common stock on February 28, 2022 and were issued net of withholding taxes.

During the three months ended March 31, 2022, 61,494 OP Units were converted into shares of our common stock.