| | Per Note | | | Total(2) | |
Public Offering Price(1) | | | 100.0% | | | $25,000,000 |
Placement Agent’s Commissions(2) | | | 4.0% | | | $1,000,000 |
Proceeds to the Company(3) | | | 96.0% | | | $24,000,000 |
(1) | Plus interest, if any, accrued from the date of issuance. |
(2) | Assumes all of the New Notes offered in the New Offering are sold, however, the actual amount of New Notes sold may be less. See “Plan of Distribution.” |
(3) | Before deducting offering expenses payable by us in connection with the Exchange Offer and New Offering and estimated to be $378,000. We will not receive any proceeds from the Exchange Offer. |