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Thursday, July 19, 2018 10:18:28 AM
To our knowledge and except as noted below, none of the selling shareholders has, or within the past three years has had, any
position, office or other material relationship with us or any of our predecessors or affiliates.
Beneficial Ownership Before
This Offering Shares Underlying
Beneficial Ownership After This
Offering
Selling Shareholders
Number of Shares
Owned Percentage
Warrants Offered
Hereby
Number of Shares
Owned(1) Percentage(1)
Anson Funds Management LP
(2)
c/o Anson Advisors Inc.
155 University Ave., Ste. 207
Toronto, Ontario, Canada
M5H 3B7 1,613,613 (3) 3.6% 1,833,333 155,280 *
Armistice Capital Master Fund
Ltd. (4)
c/o Armistice Capital, LLC510
Madison Avenue, 22nd Floor
New York, NY 10022 10,967,425 (5) 23.9% 3,492,425 8,600,000 17.1%
Sabby Volatility Warrant
Master Fund, Ltd.(6)
c/o Sabby Management, LLC
10 Mountain Road, Ste. 205
Upper Saddle River, NJ 07458 909,191 (7) 2.0% 909,091 Nil *
Mark Viklund*
430 Park Avenue, 3rd Floor
New York, New York 5,455 (8) * 5,455 Nil *
Noam Rubinstein*
430 Park Avenue, 3rd Floor
New York, New York 149,147 (9) * 196,397 Nil *
Charles Worthman*
430 Park Avenue, 3rd Floor
New York, New York 4,735 (10) * 6,235 Nil *
Michael Vasinkevich*
430 Park Avenue, 3rd Floor
New York, New York 314,148 (11) * 415,398 Nil *
*Less than 1%
(1)
Assumes all shares to be sold in this offering are sold.
(2)
Anson Advisors Inc. and Anson Funds Management LP, the Co-Investment Advisers of Anson Investments Master Fund LP
(“Anson”), hold voting and dispositive power over the Common Shares held by Anson. Bruce Winson is the managing member of
Anson Management GP LLC, which is the general partner of Anson Funds Management LP. Moez Kassam and Amin Nathoo are
directors of Anson Advisors Inc. Mr. Winson, Mr. Kassam and Mr. Nathoo each disclaim beneficial ownership of these Common
Shares except to the extent of their pecuniary interest therein. The principal business address of Anson is 190 Elgin Ave; George
Town, Grand Cayman.
(3)
This amount does not include 375,000 Common Shares issuable upon exercise of warrants issued in March 2018 and registered for
sale under this prospectus, which are not currently exercisable. All of the Anson warrants, pursuant to their terms, may not be
exercised to the extent such exercise would cause the holder, together with its affiliates and attribution parties, to beneficially own
a number of Common Shares which would exceed 4.99% of our then outstanding Common Shares following such exercise,
excluding for purposes of such determination Common Shares issuable upon exercise of such warrants which have not been
exercised.
(4)
Armistice Capital Master Fund, Ltd (“Armistice”) has shared voting power with Steven Boyd and Armistice Capital, LLC. Mr.
Boyd is managing member of Armistice Capital, LLC and director of Armistice Capital Master Fund Ltd.. Each of Armistice
Capital, LLC and Mr. Boyd disclaims beneficial ownership of the Common Shares, except to the extent of his or its pecuniary
interest therein.
(5)
This amount does not include 1,125,000 Common Shares issuable upon exercise of warrants issued in March 2018 and registered
for sale under this prospectus, which are not currently exercisable. All of the Armistice warrants, pursuant to their terms, may not
be exercised to the extent such exercise would cause the holder, together with its affiliates and attribution parties, to beneficially
own a number of Common Shares which would exceed 9.99% of our then outstanding Common Shares following such exercise,
excluding for purposes of such determination Common Shares issuable upon exercise of such warrants which have not been
exercised.
20
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