15. Subsequent Events

On January 22, 2021, the Company issued and sold an aggregate of 5,400,000 shares of its common stock in an underwritten public offering at a public offering price of $14.00 per share, resulting in gross proceeds of $75.6 million before deducting underwriting discounts and commissions and other transaction expenses of approximately $4.8 million. The public offering was made pursuant to an underwriting agreement entered into by the Company with Cowen and Company, LLC and Piper Sandler & Co., as representatives of the several underwriters, on January 19, 2021. The public offering price was $14.00 per share, and the underwriters agreed to purchase shares from the Company pursuant to the underwriting agreement at a price of $13.16 per share. The shares were issued pursuant to a shelf registration statement on Form S-3 that was filed with the Securities Exchange Commission (“SEC”) on June 12, 2020 and declared effective by the SEC on June 22, 2020.