Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Common Stock

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Note 6 - Common Stock
3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Equity [Text Block]

Note 6 — Common Stock

 

In March 2024, the Company issued and sold 1,366,668 shares of its common stock at a price of $7.50 per share and 633,332 pre-funded warrants to purchase shares of common stock at a price of $7.499 per pre-funded warrant in an underwritten public offering (the “March 2024 Offering”). The pre-funded warrants have an exercise price of $0.001 per share. The underwriter has a 30-day option to purchase up to an additional 300,000 shares of common stock at the offering price, less the underwriting discounts and commissions. The net proceeds to the Company from the March 2024 Offering were $13.7 million as of March 31, 2024.