Item 8.01. Other Events.
On
The Common Stock sold in the offering will be issued pursuant to a prospectus
supplement filed with the
Sales of the Common Stock, if any, made pursuant to the Sales Agreement may be sold in negotiated transactions or transactions that are deemed to be an "at the market offering", as defined in Rule 415(a)(4) of the Securities Act of 1933, as amended (the "Securities Act"), including sales made directly on or through the Nasdaq Capital Market, on or through any other existing trading market for the Common Stock or by any other method permitted by law, at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, or as otherwise agreed between the Company and the Agent. The Agent will be entitled to compensation equal to 3.0% of the gross proceeds from the sale of all shares of Common Stock sold through it as Agent under the Sales Agreement.
The Company intends to use any net proceeds from the offering, if any, fund the continued development of the product candidates in the Company's pipeline, and for working capital, capital expenditures and general corporate purposes.
The Company made certain customary representations, warranties and covenants concerning the Company and the registration statement in the Sales Agreement and also agreed to indemnify the Agent against certain liabilities, including liabilities under the Securities Act. The foregoing description of the Sales Agreements does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the Sales Agreement, which is attached hereto as Exhibit 1.1 and is incorporated herein by reference.
On
This Current Report on Form 8-K shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Exhibit Description 1.1 Sales Agreement, datedJuly 23, 2021 , between the Company andJefferies LLC 5.1 Opinion ofSidley Austin LLP regarding the legality of the Common Stock 23.1 Consent ofSidley Austin LLP (included in Exhibit 5.1)
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