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

(6) Stockholders’ Equity

In November 2023, the Company entered into an Equity Distribution Agreement (the “Equity Agreement”) with Piper Sandler & Co, (“Piper”) in connection with the establishment of an at-the-market offering program under which the Company may sell shares of its common stock, from time to time through Piper as sales agent, in an initial amount of up to $50.0 million. No sales have been made under the Equity Agreement since its inception.

Warrants

The Company had the following warrants outstanding to purchase common stock at March 31, 2026:

Exercise

Expiration

  ​ ​ ​

Outstanding

  ​ ​ ​

price

  ​ ​ ​

dates

Common stock warrants

 

8,379

$

28.65

 

2028

Common stock warrants

 

80,177

 

28.65

 

2027

Common stock warrants issued with credit agreement

2,000,000

1.11

2035

Pre-funded common stock warrants

12,623,000

0.0001

NA

 

14,711,556

The following table summarizes warrant activity:

Number of

  ​ ​ ​

warrants

Outstanding at January 1, 2026

14,711,556

Granted

Exercised

Canceled/forfeited

Outstanding at March 31, 2026

14,711,556