v3.25.1
Shareholders’ Equity
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Shareholders’ Equity

Note 10. Shareholders’ Equity

 

At-the-Market Facility

 

On November 29, 2024, we entered into the Sales Agreement with Wainwright. Under the Sales Agreement, the Company may offer and sell shares of its common stock, par value $0.001 per share, from time to time having an aggregate offering price of up to $20 million during the term of the Sales Agreement through Wainwright, acting as sales agent. The Company intends to use the net proceeds from any offering pursuant to the Sales Agreement to continue to fund sales and marketing, working capital and for other general corporate purposes. During the three months ended March 31, 2025 the company sold 14,265 shares of common stock for gross proceeds of approximately $217,000. This amount has been offset by financing fees of approximately $37,000.

 

 

ELECTROCORE, INC. AND SUBSIDIARIES

Notes to Condensed Consolidated Financial Statements (unaudited)

 

Stock Purchase Warrants

 

The following table presents a summary of stock purchase warrants outstanding as of March 31, 2025.

   Number of Warrants (in thousands)   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term (Years)   Aggregate Intrinsic Value (in thousands) 
Outstanding, January 1, 2025   1,497   $5.31    4.2   $16,489 
Stock purchase warrants granted   —    —    —    — 
Exercised   —    —    —    — 
Expired   —    —    —    — 
Outstanding, March 31, 2025   1,497   $5.31    4.0   $2,250 
Exercisable, March 31, 2025   1,497   $5.31    4.0   $2,250 

 

A total of 883,433 pre-funded warrants were excluded from this table. During the three months ended March 31, 2025 investors exercised 725,000 pre-funded warrants.