Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS??? EQUITY

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SHAREHOLDERS’ EQUITY
 6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
SHAREHOLDERS’ EQUITY

10. SHAREHOLDERS’ EQUITY

 

The Company may sell up to $50 million of its common stock using an “at-the-market” facility (“ATM”). The underwriter receives 3% of the gross proceeds. During the quarter, the Company sold 178,092 shares of common stock under its ATM and received net proceeds of approximately $1.4 million. Also during the quarter, the Company cancelled 215,822 shares of preferred stock that were held in escrow from the CCH acquisition as the matters related to the escrow were settled in cash.