STOCKHOLDERS’ EQUITY |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | |||
| Equity [Abstract] | |||
| STOCKHOLDERS’ EQUITY |
The Company is authorized to issue to up ,000 shares of preferred stock, $ par value. As of December 31, 2022, and 2021, no shares have been designated and shares are issued and outstanding. Preferred stock may rank prior to common stock with respect to dividends rights, liquidation preferences, or both, and may have full or limited voting rights.
On September 2, 2020, Atomera entered into an Equity Distribution Agreement with Craig-Hallum Capital Group LLC, as agent, under which the Company offered and sold, from time to time at its sole discretion, shares of its common stock having aggregate offering proceeds of up to $25.0 million in an “at-the-market” or ATM offering, to or through the agent. On January 5, 2021 we announced the completion of this offering after shares were sold for an average price per share of $, resulting in approximately $24.2 million of net proceeds to us after deducting commissions and other offering expenses.
On May 31, 2022, Atomera entered into an Equity Distribution Agreement with Oppenheimer & Co. Inc and Craig-Hallum Capital Group LLC, as agents, under which we may offer and sell, from time to time at our sole discretion, shares of our common stock having aggregate offering proceeds of up to $50.0 million in an “at-the-market” or ATM offering, to or through the agents. During the year ended December 31, 2022, approximately shares were sold at an average price per share of approximately $, resulting in approximately $5.8 million of net proceeds to us after deducting commissions and other offering expenses.
As of December 31, 2022, the Company has reserved approximately .0 million shares of common stock for issuance pursuant to outstanding stock options. |