Avid Bioservices Inc (CDMO)

[bigwup]

please elaborate what you are referring to...

The following table shows the per share and total cash placement agent’s fees we will pay to the placement agent in connection with the sale of the shares offered pursuant to this prospectus supplement and the related prospectus assuming the purchase of all of the shares offered hereby:

Per Share $0.0666

Total $416,399.98

We have agreed to pay McNicoll, Lewis and Vlak a fee of $138,750 and LifeTech Capital a fee of $24,990 in connection with this offering.

IMO, they did this offering simply to fulfill obligated payments for services rendered.