Friday, April 29, 2022 1:59:43 PM
Effect of the Issuance Proposal on Current Stockholders
If the Issuance Proposal is adopted, the issuance of such Shares would result in dilution to our stockholders, and would afford our stockholders a smaller percentage interest in the voting power, liquidation value and aggregate book value of the Company. Our common shares outstanding as of April 14, 2022 was 113,187,898, and will increase to 148,507,188 common shares following the issuance of our shares to Mr. Chan.
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