Annual report pursuant to Section 13 and 15(d)

PUBLIC OFFERING

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PUBLIC OFFERING
12 Months Ended
Oct. 31, 2021
Public Offering  
PUBLIC OFFERING

3.       PUBLIC OFFERING

 

On March 25, 2021, the Company completed a public offering in which we sold an aggregate of 4,285,715 shares of its common stock, which represented 15.8% of the Company’s outstanding shares at the time of the offering, at a public offering price of $5.25 per share. The Company realized net proceeds of approximately $20,292,000 from the public offering, after deducting underwriting discounts and deal expenses. In connection with the public offering, the Company issued to certain designees of the underwriter, as compensation, warrants expiring on March 22, 2026, to purchase 300,000 shares of common stock exercisable for $6.5625 per share.