EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY
|3 Months Ended|
Mar. 31, 2021
|EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY|
|EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS' EQUITY||
9. EARNINGS (LOSS) PER SHARE AND STOCKHOLDERS’ EQUITY
Earnings (Loss) Per Share
The table below reconciles basic and diluted loss per share of common stock:
On March 29, 2021, the Company completed an underwritten public offering (the “Offering”) for a total of 6,917,250 shares of its common stock, par value $0.0001 per share (the “Common Stock”), which includes 902,250 shares of Common Stock sold pursuant to the underwriters’ exercise of an option to purchase additional shares of Common Stock to cover over-allotments. The price to the public in the Offering was $6.65 per share of Common Stock, and net proceeds were approximately $43.0 million after deducting underwriting discounts, commissions and offering expenses. The Company intends to use the net proceeds from this offering for general corporate purposes, including its current and future development projects.
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef