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Subsequent Events
9 Months Ended
Sep. 30, 2024
Subsequent Events  
Subsequent Events

Note 8. Subsequent Events

Amendment to the Pontifax Loan and Security Agreement

On October 8, 2024, the Company entered into the 2024 Amendment to the Loan Agreement. The 2024 Amendment reduced the conversion price with respect to the remaining principal amount outstanding to (i) $3.81 for the first 501,648 shares of the Company’s common stock issuable upon conversion and (ii) $4.23 with respect to all shares of the Company’s common stock issuable upon conversion thereafter. The remaining terms of the agreement remain in effect without modification.

Sales Pursuant to the AGP ATM

From October 1, 2024 through November 1, 2024, the Company sold 229,078 shares of common stock pursuant to the AGP ATM at a weighted average price of $4.72 per share for total gross proceeds of approximately $1.1 million.