Quarterly report pursuant to Section 13 or 15(d)

Stockholders' equity

v3.21.2
Stockholders' equity
9 Months Ended
Sep. 30, 2021
Stockholders' equity  
Stockholders' equity

Note 13 Stockholders’ equity

On August 10, 2020 the Company entered into a sales agreement with Cowen and Company, LLC (“Cowen”) (the “Sales Agreement”) under which we may from time to time issue and sell American Depositary Shares (“ADSs”) representing our ordinary shares through Cowen in at-the-market (“ATM”) offerings for an aggregate offering price of up to $200 million. In the three months ended June 30, 2021, the Company sold 511,555 ADSs representing 3,069,330 ordinary shares resulting in net proceeds to the Company of $2,519,000 after deducting commissions payable under the Sales Agreement and issuance costs. As of September 30, 2021, $197,360,000 remained available for sale under the Sales Agreement.