Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equi ty Securities and Use of Proceeds.
Issuer Purchases of Equity Securities
As partial consideration in connection with the Strata Agreement, we issued to Strata 1,257,651 restricted shares of our common stock in April 2019 with an initial measured fair value of $15.0 million, which were subject to vesting based upon the achievement of specified regulatory milestones within certain timelines. In September 2021, we and Strata agreed to cancel the full amount of the restricted shares upon final determination that the biomarker indications were unlikely to be successful given the evolution of the competitive landscape. There were no other repurchases of our common stock during the third quarter of fiscal 2021.
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The following table summarizes repurchases of our common stock during the third quarter of fiscal 2021:
Period
Total Number
of Shares
Purchased
Average
Price Paid
Per Share
Total Number
of Shares
Purchased
as Part of
Publicly
Announced
Plans or
Programs
Maximum
Number of
Shares that
May Yet be
Repurchased
Under the
Plans or
Programs
July 1, 2021, to July 31, 2021
-
-
-
-
August 1, 2021 to August 31, 2021
-
-
-
-
September 1, 2021 to September 30, 2021
1,257,651
**
-
-
Total
1,257,651
-
$
-
** See description above regarding the consideration for these shares.
Item 3. Defaults Upo n Senior Securities.
None.
Item 4. Mine Saf ety Disclosures.
None.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.