| Schedule of Stockholders' Equity Note, Warrants or Rights |
The following table summarizes the changes in the Company’s common stock and Prefunded Warrants from August 31, 2021 to May 31, 2022.
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Number
of
shares |
|
Weighted
average
remaining
life
(years) |
|
Weighted
average
exercise
price |
| Warrants outstanding, August 31, 2021 |
9,592,085 |
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|
4.7 |
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$ |
3.87 |
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| Issued |
22,470,104 |
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3.8 |
|
1.58 |
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| (Cancelled) |
— |
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— |
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— |
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| (Exercised) |
(9,621,964) |
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2.2 |
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0.6 |
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| Warrants outstanding, May 31, 2022 |
22,440,225 |
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|
4.5 |
|
2.35 |
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| Warrants exercisable, May 31, 2022 |
12,167,143 |
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|
3.9 |
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$ |
1.32 |
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The following table summarizes the Company’s warrants outstanding as of May 31, 2022:
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Warrants
Outstanding |
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Weighted average
Life of
Outstanding
Warrants
in years |
|
Exercise
price |
Jan 2022 Common Warrants(1)
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9,896,906 |
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5.2 |
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$ |
1.55 |
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| Sep 2021 Common Warrants |
7,523,511 |
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4.3 |
|
1.60 |
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Sep 2021Underwriter Warrants (2)
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376,176 |
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4.3 |
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1.75 |
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| May 2021Underwriter Warrants |
247,423 |
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4.0 |
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2.43 |
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| October 2020 Common Warrants |
2,300,000 |
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3.4 |
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3.30 |
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| October 2020 Underwriter Warrants |
200,000 |
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|
3.4 |
|
3.30 |
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| May 2020 Common Warrants |
1,277,580 |
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3.0 |
|
5.40 |
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| May 2020 Underwriter Warrants |
111,108 |
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3.0 |
|
5.40 |
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| March 2020 Exchange Warrants |
423,669 |
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3.3 |
|
10.17 |
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| Amended March 2019 Warrants |
66,288 |
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|
1.8 |
|
40.00 |
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| March 2019 Services Warrants |
3,366 |
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1.8 |
|
70.00 |
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| June 2018 Warrants |
6,276 |
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1.5 |
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40.00 |
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| June 2018 Services Warrants |
5,422 |
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1.5 |
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99.60 |
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| 2017 PIPE Warrants |
2,500 |
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0.2 |
|
276.00 |
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22,440,225 |
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4.5 |
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$ |
2.35 |
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(1)The January 2022 Common Warrants are exercisable commencing on July 28, 2022 and terminate on July 28, 2027.
(2)The September 2021 Placement Agent Warrants become exercisable six months from issuance and expire four years from the effective date (which has not yet occurred) of the registration statement covering the resale of the underlying shares.
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