Note 12 - Common Stock |
6 Months Ended |
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Jun. 30, 2026 | |
| Notes to Financial Statements | |
| Equity [Text Block] |
June 2026 Public Offering
On June 30, 2026, the Company completed an underwritten public offering of 2,528,571 shares of common stock at a public offering price of $3.50 per share and pre-funded warrants to purchase 900,000 shares of common stock at a public offering price of $3.49 per pre-funded warrant (see Note 13). The offering was made pursuant to the Company’s shelf registration statement on Form S-3 (SEC File No. 333-296498), which was declared effective on June 16, 2026, and a related prospectus supplement dated June 29, 2026. The Company received net proceeds from the offering of $10,784, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. In connection with the offering, the Company granted the underwriter a 30-day option to purchase up to 428,614 additional shares of common stock at the public offering price, less underwriting discounts and commissions. The option was unexercised as of June 30, 2026 (see Note 17).
Warrant Exercises
During the six months ended June 30, 2026, holders of 19,004 warrants with an exercise price of $3.25 per share exercised their rights to purchase shares of the Company’s common stock, par value $0.01 per share, on a cashless basis, resulting in the issuances of 2,656 shares. The Company received no cash proceeds from these exercises.
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