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Subsequent Events
6 Months Ended
Jun. 30, 2024
Subsequent Events  
Subsequent Events

Note 17. Subsequent Events

On July 22, 2024, the Company granted 1,388 BTI Performance Units, vesting over 1 year, subject to various Company performance goals, 20 BTI RSUs to employees, and 538 BTI stock options. The Performance Units are eligible to vest after one year, subject to the achievement of various Company performance goals. The BTI stock options have a term of ten years, an exercise price per share of $1.20, which is equal to the closing price of the Company’s common stock on the grant date, and vest in substantially equal installments on each of first and second anniversaries of the grant date. The BTI RSUs vest in full on the first anniversary of the grant date.

As discussed in Note 11, Common Stock Financings Activities, the Company has previously entered into an Open Market Sale Agreement (the “Sale Agreement”) with Jefferies LLC (“Jefferies”), as amended, pursuant to which the Company could offer and sell shares of its common stock, having an aggregate offering price of up to $150,000, from time to time, through an “at the market offering” program under which Jefferies will act as sale agent. From July 1, 2024 through July 19, 2024, the Company sold 361 shares under the Sale Agreement for gross proceeds of $467 and received proceeds of $453, net of issuance costs of $14.