Up to $150MM worth of shares. Quick read looks like it will be limited to no more than 33% of the float over a 12 month period (doesn't mean they can't sell it all on day 1).
The fact ex-Vert Capital people are running the show here is the most scary part of all. Their history is one of insider enrichment and using seemingly legit companies to run pump-n-dump and other scams.
Pursuant to General Instruction I.B.6 of Form S-3, so long as our public float remains below $75,000,000, in no event will we sell securities with a value of more than one-third of our public float in any 12-month period under the registration statement of which this prospectus is a part.