Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.21.2
Stockholders' Equity (Tables)
9 Months Ended
May 31, 2021
Stockholders' Equity.  
Summary of warrants outstanding

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

average

 

Weighted

 

 

Number

 

remaining

 

average

 

 

of

 

life

 

exercise

 

 

shares

 

(years)

 

price

Warrants outstanding, August 31, 2020

    

1,896,209

    

4.7

    

$

7.91

Issued

 

10,324,329

 

4.8

 

 

2.03

(Cancelled)

 

 —

 

 —

 

 

 —

(Exercised)

 

 —

 

 —

 

 

 —

Warrants outstanding, May 31, 2021

 

12,220,538

 

4.7

 

 

3.02

Warrants exercisable, May 31, 2021

 

11,973,116

 

4.7

 

$

3.02

 

Summary of information about warrants outstanding

The following table summarizes the Company's warrants outstanding as of May 31, 2021:

 

 

 

 

 

 

 

 

 

 

    

 

    

Weighted 

    

 

 

 

 

 

 

average

 

 

 

 

 

 

 

Life of

 

 

 

 

 

 

 

Outstanding

 

 

 

 

 

Warrants

 

Warrants

 

 

Exercise

 

 

Outstanding

 

in years

 

 

price

May 2021 Common Warrants

 

4,948,453

 

5.0

 

$

2.43

May 2021 Prefunded Warrants (1)

 

2,628,453

 

5.0

 

$

0.00

May 2021 Underwriter Warrants (2)

 

247,423

 

5.5

 

$

2.67

October 2020 Common Warrants

 

2,300,000

 

4.4

 

 

3.30

October 2020 Underwriter Warrants

 

200,000

 

4.4

 

 

3.30

May 2020 Common Warrants

 

1,277,580

 

4.0

 

 

5.40

May 2020 Underwriter Warrants

 

111,108

 

4.0

 

 

5.40

March 2020 Exchange Warrants

 

423,669

 

4.3

 

 

10.17

Amended March 2019 Warrants

 

66,288

 

2.8

 

 

40.00

March 2019 Services Warrants

 

3,366

 

2.8

 

 

70.00

June 2018 Warrants

 

6,276

 

2.5

 

 

40.00

June 2018 Services Warrants

 

5,422

 

2.5

 

 

99.60

2017 PIPE Warrants

 

2,500

 

1.1

 

 

276.00

 

 

12,220,538

 

4.7

 

$

3.02

 

(1)

The May 2021 Prefunded Warrants were sold as part of a Prefunded Warrant Unit as described above. The exercise price is $0.0001 per share. As of July 15, 2021, all of the Prefunded Warrants have been exercised.

(2)

The May 2021 Underwriter Warrants are not exercisable until November 17, 2021.