Annual report pursuant to Section 13 and 15(d)

Subsequent Events

v3.19.1
Subsequent Events
 12 Months Ended
Dec. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On February 8, 2019, the Company entered into an equity distribution agreement with Credit Suisse Securities (USA) LLC, or Credit Suisse, pursuant to which the Company may offer and sell up to 35,000,000 shares of its common stock from time to time through Credit Suisse. Sales of common stock pursuant to the equity distribution agreement may be made in negotiated transactions or transactions that are deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act of 1933, as amended, including sales made directly on the NYSE or sales made to or through a market maker other than on an exchange. Credit Suisse shall be entitled to total compensation of up to 2% of the gross proceeds from the sale of common stock sold under the equity distribution agreement.
On February 8, 2019, the Company provided notice of termination to JMP Securities LLC and Keefe, Bruyette & Woods, Inc. related to the equity distribution agreement dated May 25, 2012, as amended. The Company had previously offered and sold 3,792,935 shares of common stock pursuant to such equity distribution agreement (as adjusted for the one-for-two reverse stock split on November 1, 2017).
Events subsequent to December 31, 2018 were evaluated through the date these consolidated financial statements were issued and no other additional events were identified requiring further disclosure in these consolidated financial statements.