The Company believes it is prudent to file the shelf registration statement as a matter of standard corporate procedure and to streamline any response to future strategic needs. The Company is not required to offer or sell securities under the shelf registration statement.
The registration statement has been filed with the SEC but has not yet become effective. The securities covered by the registration may not be sold, nor may offer to buy the securities be accepted prior to the effectiveness of the registration statement. The terms of any such offerings under the registration statement will be established at the time of such offering, will be subject to market conditions, and will be described in detail in a supplement to the prospectus filed with the SEC relating to such offering.