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Stockholders' Equity | 9 Months Ended
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Sep. 30, 2025
Stockholders' Equity |
Stockholders' Equity |
(7) | Stockholders’ Equity
Open Market Sale Agreement On April 17, 2023, the Company filed a universal shelf registration statement on Form S-3, which was declared effective on May 2, 2023 (Registration Statement). Under the Registration Statement, the Company may offer and sell up to $300.0 million of a variety of securities, including debt securities, common stock, preferred stock, depository shares, subscription rights, warrants and units from time to time in one or more offerings at prices and on terms to be determined at the time of the offering. On May 12, 2023, the Company entered into an Amended and Restated Open Market Sale AgreementSM with Jefferies LLC, as sales agent, pursuant to which the Company may offer and sell shares of common stock with an aggregate offering price of up to $100.0 million under an “at-the-market” offering program. During the nine months ended September 30, 2024, the Company sold 1,136,384 shares of common stock and received net proceeds of $2.4 million in connection with the Company’s “at-the-market” offering program. The Company did no t sell any shares of common stock in connection with the Company’s “at-the-market” offering program during the nine months ended September 30, 2025.

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