Registration of securities issued in business combination transactions

Stockholders??? Equity (Deficit) (Tables)

v3.23.3
Stockholders’ Equity (Deficit) (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2023
Dec. 31, 2022
Stockholders' Equity Note [Abstract]    
Schedule of Stock Warrants   The following table summarizes our warrants outstanding as of the dates presented:
 

Exercise
Price

  

Expiration
Date

  

Balance as of
December 31,
2021

  

Issued

  

Exercised

  

Expired

  

Balance as of
December 31,
2022

2019 Public Warrants(1)

  

$

230.00

  

6/19/2024

  

5,813,804

  

—

  

—

 

  

—

  

5,813,804

2022 Unit Offering

  

 

                  

 

        

Pre-funded Warrants(2)

  

$

0.002

  

6/29/2027

  

—

  

14,095,400

  

(14,095,400

)

  

—

  

—

Common Warrants(3)

  

$

4.60

  

6/29/2027

  

—

  

43,478,261

  

—

 

  

—

  

43,478,261

Underwriter Warrants(3)

  

$

4.60

  

6/29/2027

  

—

  

2,173,913

  

—

 

  

—

  

2,173,913
   

 

        

5,813,804

  

59,747,574

  

(14,095,400

)

  

—

  

51,465,978

(1)      The 2019 Public Warrants are exercisable for 290,690 shares of Common Stock at $230.00 per share or a ratio of 20 warrants for one share of Common Stock.

(2)      A total of 14,095,400 Pre-funded Warrants were issued and exercised in exchange for 704,770 shares of Common Stock.

(3)      The Common Warrants and Underwriter Warrants are exercisable for a combined amount of 2,282,609 shares of Common Stock at $4.60 per share or a ratio of 20 warrants for one share of Common Stock.
Schedule of Warrants Outstanding The following table summarizes our warrants outstanding as of the dates presented:
 

Exercise
Price

  

Expiration
Date

  

Balance as of
December 31,
2022

  

Issued

  

Exercised

  

Expired

  

Balance as of
September 30,
2023

2019 Public Warrants(1)

  

$

230.00

  

6/19/2024

  

5,813,804

  

—

  

—

  

—

  

5,813,804

2022 Unit Offering

  

 

                          

Common Warrants(2)

  

$

0.37

  

6/29/2027

  

43,478,261

  

—

  

—

  

—

  

43,478,261

Underwriter Warrants(2)

  

$

0.37

  

6/29/2027

  

2,173,913

  

—

  

—

  

—

  

2,173,913
   

 

        

51,465,978

  

—

  

—

  

—

  

51,465,978

(1)      The 2019 Public Warrants are exercisable for 290,690 shares of Common Stock at $230.00 per share or a ratio of 20 warrants for one share of Common Stock.

(2)      In connection with the PIPE Investment, the exercise price of the Common Warrants and Underwriter Warrants was reduced from $0.88 per shares to $0.37 per share and are exercisable for a combined amount of 2,282,609 shares of Common Stock at $0.37 per share or a ratio of 20 warrants for one share of Common Stock.