| | |
Per Share and
related Public Warrant(2) |
| |
Per Pre-Funded
Warrant and related Public Warrant |
| |
Total
|
| |||||||||
Public offering price
|
| | | $ | 0.750 | | | | | $ | 0.749 | | | | | $ | 18,000,000 | | |
Placement Agent fees(1)
|
| | | $ | 0.053 | | | | | $ | 0.052 | | | | | $ | 1,260,000 | | |
Proceeds to us before offering expenses(2)
|
| | | $ | 0.697 | | | | | $ | 0.697 | | | | | $ | 16,740,000 | | |
| | | | | 1 | | | |
| | | | | 2 | | | |
| | | | | 4 | | | |
| | | | | 9 | | | |
| | | | | 11 | | | |
| | | | | 12 | | | |
| CAPITALIZATION | | | | | 13 | | |
| | | |
|
| | ||
| | | | | 15 | | | |
| | | | | 17 | | | |
| | | | | 19 | | | |
| | | | | 21 | | | |
| | | | | 25 | | | |
| EXPERTS | | | | | 25 | | |
| | | | | 25 | | | |
| | | | | 25 | | |
| | |
As of March 31, 2022
(in thousands) |
| |||||||||
| | |
Actual
|
| |
Pro Forma
|
| ||||||
Cash
|
| | | $ | 6,310 | | | | | $ | 22,725 | | |
Stockholders’ (deficit) equity: | | | | | | | | | | | | | |
Preferred Stock, $0.001 par value; 10,000,000 shares authorized; no shares issued and outstanding as of March 31, 2022
|
| | | | — | | | | | | — | | |
Class A common stock, $0.001 par value, 150,000,000 shares authorized;
3,794,797 shares issued and outstanding as of March 31, 2022 pro forma 27,794,797 shares issued and outstanding |
| | | | 4 | | | | | | 28 | | |
Additional paid-in capital
|
| | | | 149,834 | | | | | | 166,225 | | |
Accumulated other comprehensive loss
|
| | | | (1,327) | | | | | | (1,327) | | |
Accumulated deficit
|
| | | | (141,381) | | | | | | (141,381) | | |
Total stockholders’ equity
|
| | | $ | 7,130 | | | | | $ | 23,545 | | |
| | |
Beneficial Ownership(1)
|
| |||||||||
Beneficial Owner
|
| |
Number of Shares
of Common Stock |
| |
Percent of
Total |
| ||||||
Columbus Capital Management LLC(2)
|
| | | | 324,684 | | | | | | 7.7% | | |
AIGH Capital Management, LLC(3)
|
| | | | 192,950 | | | | | | 4.6% | | |
Maple Leaf Capital I, LLC(4)
|
| | | | 189,416 | | | | | | 4.5% | | |
Antonella Favit-Van Pelt(5)
|
| | | | 9,500 | | | | | | * | | |
Sherrie Perkins(6)
|
| | | | 10,914 | | | | | | * | | |
Edward M. Straw(7)
|
| | | | 20,669 | | | | | | * | | |
Mitchell E. Tyler(8)
|
| | | | 30,712 | | | | | | * | | |
Blane Walter(9)
|
| | | | 22,876 | | | | | | * | | |
Paul Buckman(10)
|
| | | | 9,909 | | | | | | * | | |
Jeffrey S. Mathiesen(11)
|
| | | | 63,701 | | | | | | 1.5% | | |
Dane C. Andreeff(12)
|
| | | | 419,729 | | | | | | 9.4% | | |
All current executive officers and directors as a group (8 persons)(13)
|
| | | | 588,009 | | | | | | 12.9% | | |
| | |
Per Share
and related Public Warrant |
| |
Per Pre-Funded
Warrant and related Public Warrant |
| ||||||
Public Offering Price
|
| | | $ | 0.750 | | | | | $ | 0.749 | | |
Placement Agent fees
|
| | | $ | 0.053 | | | | | $ | 0.052 | | |
Proceeds to us before expenses
|
| | | $ | 0.697 | | | | | $ | 0.697 | | |