Terms: Each Right will allow the holder thereof to subscribe for 1.1526 shares of Common Stock at the Subscription Price (the ??Basic Subscription Right??). Holders may oversubscribe up to 100% of their basic subscription.
For example, if a Record holder owned 1,000 shares of Common Stock on the Record, the Record holder would receive 1,000 Rights and would have the right to purchase 1,152 shares of Common Stock (1,152.60 rounded down to the nearest whole number) at the Subscription Price per share (for a total payment of $3,168.00 Basic Subscription) and Oversubscribe for an additional 1,152 shares at Subscription Price of $2.75 per share (for additional total payment of $3,168.00 Oversubscription) if you wish to oversubscribe.
RTS exercised are irrevocable.