| | Per Share | | | Total | |
Public offering price per unit | | | $4.875 | | | $15,000,000 |
Placement agent fees(1) | | | $0.3413 | | | $840,000 |
Proceeds, before expenses, to us | | | $4.5338 | | | $14,160,000 |
(1) | Reflects the fact that Placement agent fees are only applicable on $12,000,000 of the gross proceeds. Additionally, we have agreed to pay certain expenses of the placement agent in this offering. See “Plan of Distribution.” |