Item 1.01. Entry Into a Material Definitive Agreement.
On
The sales, if any, of the Shares made under the Sales Agreement will be made by means of ordinary brokers' transactions on the Nasdaq Global Market or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. Actual sales will depend on a variety of factors to be determined by us from time to time. Under the terms of the Sales Agreement, we may also sell Shares to the Agent as principal for its own account at a price agreed upon at the time of sale. If we sell Shares to the Agent as principal, we will enter into a separate terms agreement with the Agent.
The Shares will be issued pursuant to our shelf registration statement on Form
S-3 (File No. 333-240467). Concurrently herewith, we are filing a prospectus
supplement (the "Prospectus Supplement"), dated
Because there is no minimum offering amount required pursuant to the Sales Agreement, the actual total public offering amount, commissions and proceeds to us, if any, are not determinable at this time. We expect to use any net proceeds for general corporate purposes, which may include operating expenses, working capital, and to further or execute upon potential strategic transactions or relationships.
The Sales Agreement also contains representations, warranties and certain
covenants of the Company. The representations, warranties and covenants
contained in the Sales Agreement are made only for purposes of the Sales
Agreement and as of specific dates; are solely for the benefit of the parties to
the Sales Agreement; and may be subject to limitations agreed upon by the
parties, including being qualified by confidential disclosures made by each
contracting party to the other for the purposes of allocating contractual risk
between them that differ from those applicable to investors. Investors should
not rely on the representations, warranties and covenants or any description
thereof as characterizations of the actual state of facts or condition of our
business or
This Current Report on Form 8-K shall not constitute an offer to sell or the solicitation of an offer to buy the Shares, nor shall there by any offer, solicitation or sale of the Shares in any state or country in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or country.
The foregoing description of the Sales Agreement is qualified in its entirety by reference to the Sales Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description 5.1 Opinion ofDorsey & Whitney LLP Equity Offering Sales Agreement, datedDecember 20, 2021 , by and among 10.1 the Company andD.A. Davidson & Co. 23.1 Consent ofDorsey & Whitney LLP (included as part of Exhibit 5.1) 104 Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
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