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Subsequent Events
9 Months Ended
Sep. 30, 2022
Subsequent Events  
Subsequent Events

9. Subsequent Events

On November 10, 2022, the Company entered into an underwriting agreement with respect to a follow-on public offering, pursunt to which the Company agreed to issue and sell 5,000,000 shares of its common stock at a public offering price of $1.20 per share. In connection with the follow-on public offering, the Company is expected to receive net proceeds of approximately $5.4 million, after deducting underwriting discounts and commissions and other offering related expenses. The follow-on public offering is expected to close on November 15, 2022, subject to customary closing conditions. Additionally, the Company granted the underwriters in the follow-on public offering an option to purchase up to 750,000 additional shares of its common stock at the public offering price, less underwriting discounts and commissions.