| | Per Share(2) | | | Total(4) | |
Public offering price | | | $0.3037 | | | $3,966,629.95 |
Placement Agent fees(1) | | | $0.0169 | | | $220,747.81 |
Proceeds to us before offering expenses(3) | | | $0.2868 | | | $3,745,882.14 |
(1) | We have also agreed to reimburse the Placement Agent for certain expenses. See “Plan of Distribution” on page 92 of this prospectus for a description of these arrangements. |
(2) | Based on an at-the-market public offering price of $0.3037 per share of common stock. |
(3) | We estimate the total expenses of this offering will be approximately $275,000. |
(4) | Includes the cancellation of $960,000 of the Company’s L1 Notes (as defined below) in exchange for 3,161,014 shares in the offering at the public offering price. See “Recent Developments—Amendment to L1 Capital Financing” and “Use of Proceeds.” |