16/08/2024 | Press release | Distributed by Public on 17/08/2024 03:08
Item 1.02 |
Termination of a Material Definitive Agreement. |
On August 16, 2024, in connection with the consummation of the Merger and effective as of the Effective Time, (i) the Company terminated the Company's 2018 Stock Incentive Plan, Amended and Restated 2019 Equity Incentive Plan, 2019 Employee Stock Purchase Plan and 2024 Equity Inducement Plan and (ii) the Investors' Rights Agreement entered into as of December 5, 2018, by and among the Company and the investors listed on Schedule A thereto, terminated automatically in accordance with its terms.
In addition, as previously disclosed, on April 26, 2024, the Company entered into a Sales Agreement (the "Sales Agreement") with TD Securities (USA) LLC (the "Sales Agent") with respect to an "at-the-market" offering program, under which the Company could offer and sell, from time to time, shares of its Common Stock through the Sales Agent. Effective as of August 16, 2024, the Company terminated the Sales Agreement.