The offering consists of 7,500,000 units, each consisting of (i) one (1) share of common stock ("Common Share") or one (1) pre-funded warrant ("Pre-Funded Warrant") in lieu of one Common Share, (ii) one (1) Class D Warrant to purchase one (1) Common Share per warrant at an initial exercise price of $1.20 and (iii) one (1) Class E Warrant to purchase such number of Common Shares as set forth in the Class E Warrant at an exercise price of $0.00001. The public offering price is $1.20 per unit containing one Common Share, and $1.19999 per unit containing one Pre-Funded Warrant, which is equal to the public offering price per Unit containing one Common Share to be sold in the offering minus an exercise price of $0.00001 per Pre-Funded Warrant. The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until exercised in full. For each Pre-Funded Unit sold in the offering, the number of units containing one Common Share in the offering will be decreased on a one-for-one basis. The initial exercise price of each Class D Common Warrant is $1.20 per Common Share. The Class D Warrants are exercisable immediately and expire 60 months after the initial issuance date. The exercise price and number of Common Shares issuable under the Class D Warrant are subject to an initial adjustment ten (10) trading days after the closing date, with additional adjustments ...
