The Company issued a total of 4,127,908 shares of common stock to the institutional investors.
The Company will also issue to the investors warrants for the purchase of up to 743,024 shares of common stock at the price of
Investors exercising such option will receive Warrants for the purchase of an aggregate of up to 313,954 shares of our common stock. Assuming that the investors exercise all of their options, the total gross proceeds of the offering would be
The net proceeds will be used for general working corporate purposes. The completion of the placement is expected to occur on or about
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