NEWS:
Between the date of the Purchase Agreement, April 3, 2017, and April 17, 2017, the Company has sold an aggregate 16,835,593 Shares to the Investor at an average price of approximately $3.15 per share. The aggregate gross purchase price for these Shares was approximately $52.97 million. The Company's estimated aggregate net proceeds from the sale of these Shares is approximately $52.44 million, after deducting estimated aggregate offering expenses. Following the settlement for all of such Shares sold as of the date hereof, the Company will have a total of 54,923,434 shares of common stock outstanding. As of the date hereof, up to $173.43 million of the Shares is remaining that the Company may sell pursuant to the Purchase Agreement.
