Annual report [Section 13 and 15(d), not S-K Item 405]

Note 18 - Subsequent Events

v3.25.3
Note 18 - Subsequent Events
12 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Subsequent Events [Text Block]

Note 18 - Subsequent Events

 

Equity Offering

 

On October 31, 2025, we completed an underwritten public offering of (i) 1,400,000 shares of our common stock, (ii) pre-funded warrants to purchase up to 7,000,000 shares of our common stock, each representing the right to purchase one share of common stock at an exercise price of $0.001, in lieu of common stock, (iii) accompanying Series A warrants to purchase up to 8,400,000 shares of our common stock at an exercise price of $3.00, and (iv) accompanying Series B warrants to purchase up to 8,400,000 shares of our common stock at an exercise price of $3.00, at a combined public offering price of $3.00 per share of common stock, accompanying Series A warrant and accompanying Series B warrant. 

 

Net proceeds to the Company from this offering were approximately $23.4 million, after deducting the underwriting discounts and commissions and estimated costs payable by the Company. All of the securities in the offering were sold by the Company. The offering was made pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-270606).