Shares of Common Stock Outstanding After this Rights Offering
As of August 30, 2017, 67,911,072 shares of Common Stock were issued and outstanding. Assuming the Rights Offering is fully subscribed (either with or without the backstop), then we will issue an additional 36,363,636 shares for a total of 104,274,708 shares of Common Stock outstanding as of the closing of this offering. As a result of the Rights Offering and backstop (if applicable), subject to the terms of the Purchase Agreement and conditions of the backstop, the ownership interests and voting interests of our existing shareholders that do not fully exercise their Basic Subscription Rights will be diluted.
GE and associates own 53% of current outstanding.
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