| | Per Share of Common Stock | | | Total | |
Offering Price | | | $4.24 | | | $1,990,001.60 |
Placement Agent fees(1) | | | $0.2968 | | | $139,300.11 |
Proceeds, before expenses, to us(2) | | | $3.9432 | | | $1,850,701.49 |
(1) | We have agreed to pay a fee to the placement agent equal to 7.0% of the aggregate gross proceeds raised in this offering and to reimburse the placement agent for its expenses of up to $100,000 in connection with this offering. |
(2) | The amount of the offering proceeds to us presented in this table does not include proceeds from the exercise of the Private Placement Warrants being sold in the concurrent private placement. |