Quarterly report [Sections 13 or 15(d)]

Stockholders' equity

v3.25.2
Stockholders' equity
 6 Months Ended
Jun. 30, 2025
Stockholders' equity  
Stockholders' equity

Note 12 — Stockholders’ equity

On April 8, 2022 the Company entered into a sales agreement with TD Cowen (the “Sales Agreement”), as amended pursuant to amendment no. 1 to Sales Agreement dated April 18, 2025 (together the “Agreement”), under which we may from time to time issue and sell American Depositary Shares (ADSs) representing our ordinary shares through TD Cowen in “at-the-market” offerings (“ATM”) for an aggregate offering price of up to $200 million. In the six months ended June 30, 2025 the Company sold 7,713,361 ADSs under the Agreement representing 46,280,166 ordinary shares (including 710,000 ADSs sold on March 31, 2025 representing 4,260,000 ordinary shares issued on April 1, 2025) resulting in net proceeds to the Company of $1,784,061 after deducting commissions payable under the Agreement and issuance costs. As of June 30, 2025, approximately $154,332,614 remained available for sale under the Agreement.

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