Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

v3.21.2
Subsequent Events
3 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
Subsequent events

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Subsequent events     

      

Series C Preferred Stock

 

Subsequent to September 30, 2021, 0.65 shares of Series C-1 Preferred Stock were converted into 560 shares of common stock.

    

Stock options

 

On November 8, 2021, the Company issued 3,519 stock options to one of its officers. The stock options are exercisable at $0.96 per share until November 8, 2031, and vest 25% on November 8, 2022, with the remainder to vest in equal installments over the subsequent 36 months commencing on December 8, 2022. In addition, 2,715 stock options previously issued to an officer of the Company were modified such that 754 stock options that were to vest over the period December 15, 2022, to September 15, 2023, now vest on a contingent basis dependent on the achievement of certain strategic partnership initiatives.

 

The Company has evaluated its subsequent events from September 30, 2021, through the date these condensed consolidated interim financial statements were issued and has determined that there are no subsequent events requiring disclosure in these condensed consolidated interim financial statements other than the items noted above.