10M shares for the company shelf offering to keep running ($34M) but 20M options and warrants for management. Are they taking this private or setting up a sale?
(1)
This Registration Statement relates to an increase of 3,000,000 shares of common stock to the number of shares of common stock available for issuance under the KushCo Holdings, Inc. 2016 Stock Incentive Plan (the “Plan”) pursuant to stockholder approval obtained on February 21, 2019; plus such indeterminate number of additional shares of common stock as may be required pursuant to the Plan in the event of a stock dividend, stock split other similar event.
(2)
The Company previously filed a Registration Statement on Form S-8 on February 9, 2016 (SEC File No. 333-209439), registering the issuance of 5,000,000 shares of common stock under the Plan and a Registration Statement on Form S-8 on December 26, 2018 (SEC File No. 333-229023), registering the issuance of 10,000,000 additional shares of common stock under the Plan.
Outstanding Shares. There were 88,182,716 shares of our common stock outstanding as of April 23, 2019, assuming no exercise of outstanding options or warrants. There were approximately 157 holders of record of our common stock as of April 23, 2019. This number does not include beneficial owners whose shares are held in street name.
As of April 23, 2019, there were 13,413,418 shares of common stock subject to outstanding options and 6,988,095 shares of common stock subject to outstanding warrants.
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