Note 21 - Subsequent Events |
12 Months Ended | ||
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Dec. 31, 2019 | |||
| Notes to Financial Statements | |||
| Subsequent Events [Text Block] |
On February 13 and 14, 2020, the Company executed agreements with two existing investors to purchase approximately 4.0 million shares of the Company’s Common Stock for aggregate gross proceeds to Navidea of approximately $3.4 million.Also on February 13, 2020, the Company executed a binding term sheet to sell the judgment entered by the Ohio Court of Common Pleas in favor of Navidea in the amount of $4.3 million plus interest, for $4.2 million of proceeds to Navidea. The Company has the option, within 45 days of the sale, to repurchase the Judgment for a 10% premium. Such repurchase option may be in the form of the Company’s Common Stock at a 10% discount to the then-current market price.The Company has evaluated events and transactions subsequent to
December 31, 2019 and through the date these consolidated financial statements were included in this Annual Report on Form 10 -K and filed with the SEC. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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