XML 30 R15.htm IDEA: XBRL DOCUMENT v3.19.2
Capitalization
6 Months Ended
Jun. 30, 2019
Stockholders' Equity Note [Abstract]  
Capitalization
Capitalization
In January 2019, the Company closed an underwritten public offering of its common stock pursuant to a registration statement on Form S-3. The Company issued and sold an aggregate of 7,563,725 shares of common stock under the registration statement at a public offering price of $30.20 per share, including 843,725 shares issued upon exercise by the underwriter of its option to purchase additional shares in February 2019. The Company received net proceeds of $224.5 million after deducting underwriting discounts and commissions and other offering expenses payable by the Company.
Warrants
All of the Company’s outstanding warrants were classified as liabilities as of June 30, 2019 and December 31, 2018 because they contained non-standard antidilution provisions. The fair value of the warrants as of June 30, 2019 and December 31, 2018 was immaterial.
The following is a summary of the Company’s outstanding warrants as of June 30, 2019 and December 31, 2018:
 
 
Warrant
shares
 
Exercise
price
 
Expiration
Common stock
 
7,030


$
128.00


September 2019
Common stock
 
130


$
2,520.00


August 2019