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Subsequent events | 6 Months Ended
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Jun. 30, 2020
Subsequent events |
Subsequent events | 17. Subsequent events On June 5, 2020, the Company entered into a Sales Agreement (the “Sales Agreement”) with Cantor Fitzgerald & Co. and Oppenheimer & Co. Inc. (the “Sales Agents”) with respect to an at-the-market offering program (“ATM”) under which the Company may offer and sell, from time to time at its sole discretion, ADSs through the Sales Agents, representing the same number of ordinary shares, having an aggregate offering price of up to $50.0 million. On July 7, 2020, the Company sold 1,192,713 ADSs, representing the same number of ordinary shares at a public offering price of $15.50 per ADS ordinary share pursuant to the Sales Agreement, for gross proceeds of $18.5 million, resulting in net proceeds of $17.6 million after deducting sales commissions and offering expenses of $0.9 million.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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