Warrants
The following table summarizes the warrant activity for the three months ended March 31, 2020 (in thousands, except exercise price):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issued With / For |
Exercise
Price |
|
Warrants
Outstanding
January 1,
2020 |
|
2020 Warrants Issued |
|
2020 Warrants Expired |
|
Warrants Outstanding March 31, 2020 |
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 |
213 |
|
|
— |
|
|
— |
|
|
213 |
|
Derivative Warrants: |
|
|
|
|
|
|
|
|
|
2016 Offerings |
67.50 |
|
A |
66 |
|
|
— |
|
|
— |
|
|
66 |
|
Total derivative warrants |
67.50 |
|
B |
66 |
|
|
— |
|
|
— |
|
|
66 |
|
Total |
$ |
104.18 |
|
B |
279 |
|
|
— |
|
|
— |
|
|
279 |
|
|
|
A |
These warrants are subject to fair value accounting and contain a contingent net cash settlement feature. See Note 10. |
|
|
B |
Weighted-average exercise prices are as of March 31, 2020.
|
|