Summary of Information with Regard to Outstanding Warrants Issued in Connection with Equity and Debt Financings and Consultants |
Warrant activity is summarized as follows:
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Outstanding at December 31, 2014
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5,470,995 |
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Issued
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3,571,425 |
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Cancelled
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(133,834 |
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Exercised
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— |
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Outstanding at December 31, 2015
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8,908,586 |
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Issued
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4,579,710 |
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Cancelled
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— |
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Exercised
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— |
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Outstanding at December 31, 2016
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13,488,296 |
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The following table summarizes information with regard to
outstanding warrants issued in connection with equity and debt
financings and consultants as of December 31, 2016.
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Issued in Connection With
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Number
Issued |
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Exercise
Price |
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Exercisable Date |
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Expiration Date |
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February 12, 2009 Series B-1 Transaction
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$3.00 Investor Warrants—Class B
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1,200,000 |
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$ |
3.00 |
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February 12, 2009 |
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February 12, 2019 |
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May 13, 2009 Series B-2 Transaction
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$3.00 Investor Warrants—Class B
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600,000 |
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$ |
3.00 |
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May 13, 2009 |
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May 13, 2019 |
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June 30, 2009 Series B-2 Transaction
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$3.00 Investor Warrants—Class B
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333,333 |
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$ |
3.00 |
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June 30, 2009 |
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June 30, 2019 |
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August 12, 2009 Series B-2 Transaction
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$3.00 Investor Warrants—Class B
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200,000 |
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$ |
3.00 |
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August 12, 2009 |
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August 12, 2019 |
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September 30, 2009 Series B-2 Transaction
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$3.00 Investor Warrants—Class B
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216,666 |
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$ |
3.00 |
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September 30, 2009 |
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September 30, 2019 |
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November 4, 2009 Series B-2 Transaction
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$3.00 Investor Warrants—Class B
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206,666 |
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$ |
3.00 |
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November 4, 2009 |
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November 4, 2019 |
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December 8, 2009 Series B-2 Transaction
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$3.00 Investor Warrants—Class B
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216,667 |
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$ |
3.00 |
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December 8, 2009 |
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December 8, 2019 |
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January 29, 2010 Series B-2 Transaction
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$3.00 Investor Warrants—Class B
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216,667 |
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$ |
3.00 |
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January 29, 2010 |
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January 29, 2020 |
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March 8, 2010 Series B-2 Transaction
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$3.00 Investor Warrants—Class B
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223,334 |
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$ |
3.00 |
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March 8, 2010 |
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March 8, 2020 |
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April 30, 2010 Series B-2 Transaction
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$3.00 Investor Warrants—Class B
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206,667 |
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$ |
3.00 |
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April 30, 2010 |
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April 30, 2020 |
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May 10, 2010 Series B-2 Transaction
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$3.00 Investor Warrants—Class B
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380,000 |
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$ |
3.00 |
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May 10, 2010 |
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May 10, 2020 |
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March 28, 2012 Offering Warrants
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1,317,161 |
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$ |
5.63 |
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March 28, 2012 |
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March 28, 2017 |
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October 30, 2014 Consultant Warrants
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20,000 |
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$ |
5.45 |
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October 30, 2014 |
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October 30, 2017 |
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November 25, 2015 Offering Warrants
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3,571,425 |
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$ |
2.50 |
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May 25, 2016 |
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May 25, 2021 |
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September 22, 2016 Series B-3 Transaction
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$3.00 Investor Warrants
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698,158 |
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$ |
3.00 |
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September 22, 2016 |
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September 22, 2023 |
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September 29, 2016 Series B-3 Transaction
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$3.00 Investor Warrants
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846,100 |
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$ |
3.00 |
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September 29, 2016 |
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September 29, 2023 |
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December 22, 2016 Private placement warrants
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1,466,204 |
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$ |
5.00 |
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December 22, 2016 |
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December 23, 2023 |
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December 23, 2016 Series B-3 Transaction
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$3.00 Investor Warrants
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924,780 |
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$ |
3.00 |
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December 23, 2016 |
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December 23, 2023 |
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December 28, 2016 Private placement warrants
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644,468 |
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$ |
5.00 |
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December 28, 2016 |
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December 28, 2023 |
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Total outstanding warrants
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13,488,296 |
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