This prospectus relates to the potential resale from time to time of up to 2,762,444 shares of our common stock, par value $0.01 per share (“common stock”), by the selling stockholder identified in this prospectus. We are registering the offer and sale of the shares of common stock pursuant to an exchange agreement we have entered into with the selling stockholder.
They exchanged note for shares, at par, and the money for exchanging those notes, will be made when they can sell those shares on open market and get what ever.
So there's no way around this not being dilutive, right?
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