Quarterly report pursuant to Section 13 or 15(d)

Warrants

v3.19.3
Warrants
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Warrants
Warrants

On January 14, 2019, we issued 31,111 warrants to purchase common stock at $7.43 per share. The warrants are immediately exercisable and expire on January 9, 2024. On January 31, 2019 we issued 35,507 warrants to purchase common stock at $7.59 per share. These warrants are immediately exercisable and expire on January 26, 2024. All of these warrants were issued in conjunction with the 2019 Offerings.

During the three and nine months ended September 30, 2019, 122,500 warrants issued as part of a public offering of the Company's common stock and warrants in December 2017 (the "2017 Offering") expired unexercised.

The following table summarizes the warrant activity for the nine months ended September 30, 2019 (in thousands, except exercise price): 
Issued With / For
Exercise
Price
 
Warrants
Outstanding
January 1,
2019
 
2019 Warrants Issued
 
2019 Warrants Expired
 
Warrants Outstanding September 30, 2019
Non-Derivative Warrants:
 
 
 
 
 
 
 
 
 
Financing
$
300.00

  
8

 

 

 
8

Financing
450.00

  
9

 

 

 
9

2015 Offering
150.00

  
115

 

 

 
115

2017 Debt
27.60


15

 

 

 
15

2019 Offering
7.43

 

 
31

 

 
31

2019 Offering
7.59

 

 
35

 

 
35

Total non-derivative warrants
115.54

B
147

 
66

 

 
213

Derivative Warrants:
 
 
 
 
 
 
 
 
 
2016 Offerings
67.50

A
66

 

 

 
66

2017 Offering
70.50

A
117

 

 
(117
)
 

2017 Offering
75.00

A
6

 

 
(6
)
 

Total derivative warrants
67.50

B
189

 

 
(123
)
 
66

Total
$
104.18

B
336

 
66

 
(123
)
 
279


A
These warrants are subject to fair value accounting and contain a contingent net cash settlement feature. See Note 12.
B
Weighted-average exercise prices are as of September 30, 2019.