| Summary of Warrants Activity |
The following summarizes warrant activity during the six months ended June 30, 2024 and 2023:
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Number of Common Warrants |
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Number of Pre-funded Warrants |
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Weighted-Average Exercise Price |
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Balances as of December 31, 2023 |
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8,427,508 |
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40,492,923 |
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Issued |
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— |
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7,000,000 |
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$ |
0.001 |
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Exercised |
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(322,893 |
) |
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(6,209,871 |
) |
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$ |
0.307 |
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Balances as of June 30, 2024 |
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8,104,615 |
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41,283,052 |
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Number of Common Warrants |
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Number of Pre-funded Warrants |
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|
Weighted-Average Exercise Price |
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Balances as of December 31, 2022 |
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8,427,508 |
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24,696,206 |
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Exercised |
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— |
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(2,583,144 |
) |
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$ |
0.001 |
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Balances as of June 30, 2023 |
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8,427,508 |
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22,113,062 |
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| Schedule of Common Stock Reserved for Future Issuance |
The Company reserved the following shares of common stock for issuance as follows:
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June 30,
2024 |
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December 31,
2023 |
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Stock options issued and outstanding |
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11,937,414 |
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9,208,970 |
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Stock options reserved for 2020 Incentive Award Plan |
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1,861,959 |
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1,988,340 |
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Unvested restricted stock units outstanding |
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867,298 |
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495,579 |
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Common stock reserved for 2021 ATM program |
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25,043,404 |
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2,619,471 |
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Common stock reserved for 2024 ATM program |
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25,000,000 |
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— |
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Common stock reserved for Employee Stock Purchase Plan |
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2,023,537 |
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1,338,381 |
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Common stock reserved for 2022 Employment Inducement
Award Plan |
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1,502,930 |
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758,084 |
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Common stock reserved for pre-funded warrants |
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41,283,052 |
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40,493,510 |
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Common stock reserved for common warrants |
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8,104,615 |
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8,427,508 |
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Total common stock reserved |
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117,624,209 |
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65,329,843 |
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