Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Warrants

v3.22.2
Note 9 - Warrants
6 Months Ended
Jun. 30, 2022
Notes to Financial Statements  
Schedule of Stockholders' Equity Note, Warrants or Rights Disclosure [Text Block]

Note 9 - Warrants

 

On March 17, 2021, in connection with the Merger, the Company entered into a warrant agreement which granted the right to purchase 602,392 shares of common stock of the Company at a purchase price of $24.00 per share. Warrants are immediately exercisable and expire on July 15, 2027.

 

The following table summarizes warrant activity for the six months ended  June 30,:

 

   

2022

   

2021

 
           

Weighted

           

Weighted

 
   

Number of

   

Average

   

Number of

   

Average

 
   

Warrants

   

Exercise Price

   

Warrants(1)

   

Exercise Price

 

Exercisable at January 1,

    602,392     $ 24.00       -     $ 24.00  

Granted

    -       -       602,392       -  

Exercised

    -       -       -       -  

Exercisable at June 30,

    602,392     $ 24.00       602,392     $ 24.00  
                                 

(1) Warrants granted on March 17, 2021.