This investment involves a high degree of risk. See “Risk Factors” for a discussion of factors you should consider carefully before making an investment decision.
Symbol on OTCBB ELTP
(1) Assumes a sales price of $0.33 (the closing price of the common stock on April 8, 2014) and includes all shares of our common stock issued and issuable to Lincoln Park under the Purchase Agreement as commitment shares. The actual sales prices will differ. In the event that the Company needs to sells more than 25,000,000 shares to Lincoln Park, it will need to obtain shareholder approval to increase the number of its authorized shares of common stock. Such a proposal will be voted upon at the Company’s Annual Shareholders’ Meeting scheduled for May 21, 2014
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