| | Per Share, 0.65 of a Series A Warrant and 0.75 of a Series B Warrant | | | Total | |
Public offering price | | | $2.25 | | | $12,501,000 |
Placement Agent’s fees(1) | | | $0.1575 | | | $875,070 |
Proceeds, before expenses, to the Company | | | $2.0925 | | | $11,625,930 |
(1) | We have agreed to pay the Placement Agent a cash fee equal to 7.0% of the gross proceeds. In addition, we have agreed to pay certain expenses of the Placement Agent, as discussed under “Plan of Distribution”. |