The Amendment to increase the authorized capital is being made, in part, to provide the Company with more flexibility and opportunities to conduct equity financings and acquisitions. The Company does not have any plans, proposals or arrangements, written or otherwise, to issue any of the newly available authorized shares of Common Stock or Preferred Stock for any purpose, including future acquisitions and/or financings. increase could have an anti-takeover effect, in that additional shares could be issued (within the limits imposed by applicable law) in one or more transactions that could make a change in control or takeover of the Company more difficult.
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