v3.26.1
Shareholders Equity
 3 Months Ended
Mar. 31, 2026
Shareholders Equity  
Shareholders' Equity

11. Shareholders’ Equity

 

Shareholders’ Equity for the three months ended March 31, 2026:

 

(in thousands, except

 

 

 

 

 

 

 

 

 

 

Share amounts)

 

Common

 

 

Common

 

 

Additional

 

 

 

 

Total

 

 

 

Stock

 

 

Stock

 

 

Paid-in

 

 

Accumulated

 

 

Shareholders’

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Deficit

 

 

Equity

 

Balance at December 31, 2025

 

 

90,901,324

 

 

$909

 

 

$90,604

 

 

$(66,843)

 

$24,670

 

Stock-based compensation expense

 

 

-

 

 

 

-

 

 

 

67

 

 

 

-

 

 

 

67

 

Issuance of shares- ATM

 

 

1,640,425

 

 

 

16

 

 

 

1,185

 

 

 

-

 

 

 

1,201

 

Net loss

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(494)

 

 

(494)

Balance at March 31, 2026

 

 

92,541,749

 

 

$925

 

 

$91,856

 

 

$(67,337)

 

$25,444

 

 

Shareholders’ Equity for the three months ended March 31, 2025:

 

(in thousands, except

 

 

 

 

 

 

 

 

 

 

Share amounts)

 

Common

 

 

Common

 

 

Additional

 

 

 

 

Total

 

 

 

Stock

 

 

Stock

 

 

Paid-in

 

 

Accumulated

 

 

Shareholders’

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Deficit

 

 

Equity

 

Balance at December 31, 2024

 

 

81,638,418

 

 

$816

 

 

$84,714

 

 

$(63,010)

 

$22,520

 

Stock-based compensation expense

 

 

-

 

 

 

-

 

 

 

126

 

 

 

-

 

 

 

126

 

Issuance of shares- option exercises

 

 

778,500

 

 

 

8

 

 

 

148

 

 

 

-

 

 

 

156

 

Net loss

 

 

-

 

 

 

-

 

 

 

-

 

 

 

(511)

 

 

(511)

Balance at March 31, 2025

 

 

82,416,918

 

 

$824

 

 

$84,988

 

 

$(63,521)

 

$22,291

 

 

At the Market Offering Agreement

 

On December 19, 2023, Solitario entered into an amendment to its at-the-market offering agreement that was originally entered into in 2021 (the “ATM Agreement”) with H. C. Wainwright & Co., LLC (“Wainwright”), under which Solitario may, from time to time, issue and sell shares of Solitario’s common stock through Wainwright as sales manager in an at-the-market offering under a prospectus supplement for aggregate sales proceeds of up to $10.0 million (the “ATM Program”). The common stock is distributed at the market prices prevailing at the time of sale. As a result, prices of the common stock sold under the ATM Program may vary between purchasers and during the period of distribution. The ATM Agreement provides that Wainwright is entitled to compensation for its services at a commission rate of 3.0% of the gross sales price per share of common stock sold. During the three months ended March 31, 2026 Solitario sold 1,640,425 shares of Solitario common stock at an average price of $0.76 per share for net proceeds of $1,201,000 after commissions and other expenses. Solitario did not sell any shares under the ATM Program during the three months ended March 31, 2025.