Warrants
There was no warrant activity during the three months ended March 31, 2018. The following table presents warrants outstanding at March 31, 2018 (in thousands, except exercise price):
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Issued With / For |
Exercise
Price |
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Warrants Outstanding March 31, 2018 |
Non-Derivative Warrants: |
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Financing |
$ |
10.00 |
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|
|
243 |
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Financing |
15.00 |
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|
276 |
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2015 Offering |
5.00 |
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|
3,450 |
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Total non-derivative warrants |
$ |
6.00 |
|
C |
|
3,969 |
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Derivative Warrants: |
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2016 Offerings |
2.25 |
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A |
|
1,968 |
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2017 Debt |
2.82 |
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B |
|
443 |
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2017 Offering |
2.35 |
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A |
|
3,500 |
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2017 Offering |
2.50 |
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A |
|
175 |
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Total derivative warrants |
2.36 |
|
C |
|
6,086 |
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Total |
$ |
3.80 |
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C |
|
10,055 |
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A |
These warrants are subject to fair value accounting and contain a contingent net cash settlement feature. See Note 9. |
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B |
These warrants are subject to fair value accounting until the number of shares issuable upon the exercise of the warrants becomes fixed. See Note 9. |
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C |
Weighted-average exercise prices are as of March 31, 2018.
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