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Note 17 - At The Market Agreement
 6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Equity [Text Block]

(17)

AT THE MARKET AGREEMENT

 

On  December 18, 2023, we entered into an At The Market Issuance Sales Agreement (the “Sales Agreement”) with B. Riley Securities, Inc. (the “Agent”), pursuant to which we may issue and sell, from time to time, shares (the “Shares”) of our common stock, par value $0.01 per share (the “Common Stock”), with aggregate gross proceeds of up to $50.0 million through an “at-the-market” equity offering program under which the Agent will act as sales agent (the “ATM Program”). Under the Sales Agreement, we or the Agent have the right, by giving five (5) days’ notice, to terminate the Sales Agreement in our and the Agents sole discretion. The Agent  may also terminate the Agreement, by notice to us, upon the occurrence of certain events described in the Sales Agreement.

 

During  December 2023, we issued 794,000 shares of Common Stock under the ATM Program for net proceeds of $7.3 million. During the three and six months ended June 30, 2024, we issued 3,943,807 and 4,654,430 shares of Common Stock, respectively, under the ATM Program for net proceeds of $27.9 million and $34.5 million, respectively.