| Stock Warrants |
9. Stock Warrants
As of June 30, 2016 and December 31, 2015, the Company
had warrants outstanding as shown in the table below.
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|
|
|
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| |
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June 30,
2016
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|
|
December 31,
2015
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|
|
Note Warrants
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|
|
3,315,878 |
|
|
|
3,315,878 |
|
|
Class A Warrants
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|
|
6,880,333 |
|
|
|
6,880,333 |
|
|
PIPE Warrants
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|
|
2,364,066 |
|
|
|
2,364,066 |
|
|
Representative’s Warrant
|
|
|
206,410 |
|
|
|
206,410 |
|
|
Placement Agent Warrants
|
|
|
189,126 |
|
|
|
189,126 |
|
|
Other warrants (1)
|
|
|
524,437 |
|
|
|
547,294 |
|
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|
|
|
|
|
|
|
|
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Warrants to purchase common stock
|
|
|
13,480,250 |
|
|
|
13,503,107 |
|
|
Weighted-average exercise price per share
|
|
$ |
5.03 |
|
|
$ |
5.02 |
|
| (1) |
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, 2016:
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Exercise Prices
|
|
Shares
Underlying
Outstanding
Warrants |
|
|
Expiration Date
|
|
£ $4.00
|
|
|
3,565,549 |
|
|
August 31, 2016 – September 1, 2021 |
|
$4.01-$4.99
|
|
|
7,069,459 |
|
|
February 1, 2017 – June
11, 2020 |
|
$5.00 - $9.99
|
|
|
2,656,900 |
|
|
December 10, 2016 – June 27, 2021 |
|
³ $10.00
|
|
|
188,342 |
|
|
August 31, 2016 – January 5, 2022 |
|
|
|
|
|
|
|
|
|
|
13,480,250 |
|
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|
|
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