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Re: None

Monday, 08/28/2017 4:43:31 PM

Monday, August 28, 2017 4:43:31 PM

Post# of 4523
Can someone post the share structure? I see this but don't want to figure what the B's are about if someone can do it for me.

10.2M shares
2.575M warrants at what price?
some amount of warrants in conjunction with the offering and at what price?
15,664 B stock but what is that about?



" as of August 16, 2017, the Company had outstanding 10,181,136 shares of Common Stock and 15,664 shares of Series B Preferred Stock.

In connection with the closing of the Offering, the Company entered into a warrant agency agreement (the “Warrant Agency Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”) on August 16, 2017, pursuant to which Wells Fargo will serve as the Company’s Warrant Agent for the Offering.

On August 16, 2017, the Company also issued warrants to purchase an aggregate of 2,575,000 shares of Common Stock to certain parties (each, a “Holder”) to the Securities Purchase Agreement (as amended, the “Purchase Agreement”), dated November 4, 2015, between the Company and the other parties named therein, as consideration for the waiver by each of the Holders of their right to participate in future securities offerings by the Company, which rights were granted pursuant to the Purchase Agreement. These warrants are in substantially the same form, and on the same terms as, the Warrants issued pursuant to the Offering. The Company previously disclosed in a Form 8-K filed on August 11, 2017 that the total number of warrants to be issued to the holders was 2,581,750. However, based on the final aggregate amount invested by the Holders in the Offering, the total number of warrants issued to the Holders was reduced to 2,575,000."