|6 Months Ended|
Jun. 30, 2023
11. Stockholders’ Equity
In March 2023, the Company completed a private placement of 16.4 million shares of the Company’s Class A common stock and an equal number of corresponding warrants, for a purchase price of $1.79 per share and associated warrant. The Company received $29.4 million in gross proceeds from the private placement. The Company sold 1.0 million common shares in its June ATM offering, at an average purchase price per share of $1.82, resulting in gross proceeds of $1.9 million. The transaction costs for these equity issuances consisted of legal fees, accounting fees, placement agent fees, and other third-party costs related directly to the equity issuances. During the six months ended June 30, 2023, $1.5 million of transaction costs that had been incurred were recorded as a reduction to additional paid-in capital in the unaudited condensed consolidated statements of changes in stockholders’ equity and unaudited condensed consolidated balance sheets, and as a reduction to the proceeds from the transaction in the unaudited condensed consolidated statements of cash flows.
The entire disclosure for equity.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef