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Re: chrislal post# 15525

Thursday, 01/12/2017 9:27:42 AM

Thursday, January 12, 2017 9:27:42 AM

Post# of 15766
The Merger Agreement contemplates that the Company will also seek approval from its stockholders to effect a reverse stock split intended to increase its trading price above the minimum requirements of the NYSE MKT, LLC. Subject to stockholder approval, the Company expects to implement the reverse stock split at a ratio to be mutually agreed to by the Company and Savara within the range approved by the Company’s stockholders immediately prior to the Effective Time.