Actually, it was a total of 18+ million shares of common with LG warrants to purchase 18+ miilion more (think of it as a BUY ONE SHARE @ .40$ GET ONE WARRANT TO BUY SHARES AT A COST OF .425$).
Plus: if any entity purchased today's offering such that they achieved more than 4.99% ownership of the company, the offering including (as a sort of bonus) 6+million pre-funded warrants and common warrants to purchase shares of the company. This scenario is an inducement to BIG SPENDERS (big investors) to get involved in today's offering.
Therefore the total UNITS (combo of shares and warrants) sold with this offering is 25 million units (shares and Warrants).
Hoped the explanation helped.
Plus: if any entity purchased today's offering such that they achieved more than 4.99% ownership of the company, the offering including (as a sort of bonus) 6+million pre-funded warrants and common warrants to purchase shares of the company. This scenario is an inducement to BIG SPENDERS (big investors) to get involved in today's offering.
Therefore the total UNITS (combo of shares and warrants) sold with this offering is 25 million units (shares and Warrants).
Hoped the explanation helped.
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