Forever grateful. Wow. When are you putting the steaks on the grill?
Anyway, in the "offering" section of the S-1, it says:
So, more shares being sold to fund the clinical trials. It's a necessary evil arising from being a clinical-stage, pre-revenue biomedical company. Gotta raise funds.
On another note, I would have seen your post sooner, if you had replied to my earlier post, rather than starting a new post. SA sends the person (being responded to) an email to let them know there is a response. I just did a regular sweep of the board - which I do not do all the time - and noticed your post.