Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Summary of Net Proceeds After Taking Into Consideration Underwriter Commissions, Legal Fees, and Other Customary Closing Costs

The July 2024 Offering resulted in net proceeds of $93.8 million after taking into consideration underwriter commissions, legal fees, and other customary closing costs, as follows (in thousands):


Summary of Proceeds, Net		Proceeds
Common stock		$	100,000
Offering expenses		$	(6,201	)
Net proceeds		$	93,799

Summary of Net Proceeds after Deducting Underwriting Discounts Commissions and Other Estimated Offering Expenses

The July 2023 Offering resulted in net proceeds to the Company of approximately $74.9 million, after deducting final underwriting discounts, commissions, and other estimated offering expenses, as follows (in thousands):


Financial instruments		Proceeds
Common stock		$	63,000
2023 Pre-funded warrants			16,994
Total			79,994
Offering expenses		$	(5,120	)
Net proceeds		$	74,874

Company's Shares of Common Stock Reserved for Issuance

The Company’s shares of common stock reserved for issuance as of the periods indicated were as follows:


		September 30, 2024				December 31, 2023
April 2017 Warrants			24,725				24,725
June 2017 Warrants			41,736				41,736
December 2018 Warrants			11,332				11,332
2017 Pre-funded Warrants			775,000				775,000
Pre-funded PIPE Warrants			5,780,537				5,780,537
2021 Pre-funded Warrants			32,175,172				32,175,172
2023 Pre-funded Warrants			5,666,667				5,666,667
Stock options outstanding			9,478,496				9,633,067
Issued and nonvested RSUs			3,753,562				3,488,250
Total shares reserved			57,707,227				57,596,486

Summary of Outstanding Warrants for Company's Common Stock

The following table summarizes the outstanding warrants for the Company’s common stock as of September 30, 2024:


Expiration Date		Shares Underlying Outstanding Warrants				Exercise Price
October 2024			775,000			$	0.01
April 2027			24,725			$	2.87
June 2027			41,736			$	2.87
December 2028			11,332			$	2.87
None			43,622,376			$	0.001
			44,475,169

Components of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) as of the dates indicated and the change during the period were (in thousands):


		Foreign Exchange Translation Adjustment				Unrealized Gain (Loss) on ST Investments				Total Accumulated Other Comprehensive Income (Loss)
Balance, December 31, 2022		$	(594	)		$	(11	)		$	(605	)
Change		$	133			$	201			$	334
Balance, December 31, 2023		$	(461	)		$	190			$	(271	)
Change		$	263			$	307			$	570
Balance, September 30, 2024		$	(198	)		$	497			$	299