Annual report pursuant to Section 13 and 15(d)

Subsequent Events

Subsequent Events
12 Months Ended
Dec. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events


11. Subsequent Event


On February 23, 2021, the Company completed a public offering of 2,127,660 shares of its common stock, composed of 1,850,140 shares of common stock initially offered at a public offering price of $23.50 per share and an additional 277,520 shares of common stock sold pursuant to the exercise of the underwriters' option to purchase additional shares at the price of $22.09 per share.


Net proceeds from the offering totaled approximately $46.8 million after deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company.


The underwriting agreement contains representations, warranties, agreements and indemnification obligations by the Company that are customary for this type of transaction.