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Friday, March 08, 2019 9:55:15 PM
The registrant had 70,088,286 shares of common stock, par value $0.01, outstanding as of March 3, 2019.
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On December 10, 2018, the Company’s most recent Unit Option began and was terminated on January 23, 2019. The Unit Option consisted of Units of the Company’s securities where each Unit (priced at $250.00 each) was comprised of (i) two hundred and fifty (250) shares of Common Stock and (ii) Common Stock purchase warrants to purchase an additional two hundred and fifty (250) shares of Common Stock at a per share exercise price of $0.01. The investor’s Plan account would be credited with the number of shares of the Company’s Common Stock and Warrants that are acquired under the Units purchased. Each warrant affords the participant the opportunity to purchase one share of our Common Stock at a warrant exercise price of $0.01. The warrant is referred to as “ZNWAK.”
The warrants become exercisable on February 25, 2019 and continue to be exercisable through February 25, 2020 at a per share exercise price of $0.01.
The company raised approximately $2,000,000 from the period December 10, 2018 through January 23, 2019, under the DSPP and its most recently completed unit offering.
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