Quarterly report pursuant to Section 13 or 15(d)

Stock Warrants

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Stock Warrants
6 Months Ended
Jun. 30, 2017
Text Block [Abstract]  
Stock Warrants

9. Stock Warrants

As of June 30, 2017, and December 31, 2016, the Company had warrants outstanding as shown in the table below.

 

     June 30,      December 31,  
   2017      2016  

Note Warrants

     3,315,878        3,315,878  

Class A Warrants (1)

     —        6,880,333  

PIPE Warrants

     2,364,066        2,364,066  

CMPO Warrants

     14,000,000        14,000,000  

Representative’s Warrant

     206,410        206,410  

Placement Agent Warrants

     189,126        189,126  

Other warrants (2)

     197,393        258,962  
  

 

 

    

 

 

 

Warrants to purchase common stock

     20,272,873        27,214,775  
  

 

 

    

 

 

 

Weighted-average exercise price per share

   $ 3.67      $ 3.97  
  

 

 

    

 

 

 

 

(1) On February 1, 2017, the Class A Warrants to purchase common stock expired in accordance with their terms. As none of the Class A Warrants were exercised prior to expiration, the Class A Warrants have been terminated and are no longer exercisable.
(2) Other warrants are comprised of warrants issued prior to the Company’s IPO, generally in exchange for services rendered to the Company.

The following table summarizes information regarding the Company’s warrants outstanding at June 30, 2017:

 

Exercise Prices

   Shares
Underlying
Outstanding

Warrants
     Expiration Date  

£$3.00

     17,321,591        June 18, 2018 – September 1, 2021  

$3.01-$4.99

     290,228        September 8, 2019 – June 11, 2020  

$5.00-$7.99

     231,409        April 30, 2018 – July 22, 2019  

³$8.00

     2,429,645        July 15, 2017 – January 5, 2022  
  

 

 

    
     20,272,873