Principal Amount of Notes | Number of Shares of Common Stock | |||||||||||||||||||
Beneficially | ||||||||||||||||||||
Owned and | Percentage of | Owned After | ||||||||||||||||||
Offered | Notes | Beneficially | Offered | Completion of | ||||||||||||||||
Selling Securityholder (1) | Hereby (1) | Outstanding | Owned(1)(2) | Hereby | the Offering (3) | |||||||||||||||
1798 Relative Value
Master Fund Ltd(4) |
2,500,000 | 2.50 | 234,192 | 234,192 | 0 | |||||||||||||||
1798 Convertible
Opportunity Fund Ltd |
1,500,000 | 1.50 | 140,515 | 140,515 | 0 |
(1) | Amounts indicated may be in excess of the total amount registered due to sales or transfers exempt from the registration requirements of the Securities Act since the date upon which the selling holders provided to us in the information regarding their notes. | |
(2) | Assumes a conversion rate of 93.6768 shares of common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $10.68 per share of common stock) and a cash payment in lieu of any fractional share interest. However, this conversion price will be subject to adjustment as described under Description of Notes Conversion Rights. As a result, the number of shares of common stock issuable upon conversion of the notes may increase or decrease in the future. This prospectus shall also cover any additional shares of our common stock which become issuable in connection with the shares registered for sale hereby by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without the receipt of consideration which results in an increase in the number of outstanding shares of our common stock. | |
(3) | Assumes the sale of all notes and shares of common stock issuable upon conversion thereof offered pursuant to this prospectus. | |
(4) | This selling securityholder is a non-public entity. 1798 Global Partners (Cayman Islands) Ltd, Lombard Odier Asset Management (USA) Corp and Lombard Odier Asset Management (Switzerland) SA (together, the 1798/ LOAM Entities) have voting and investment control over the securities that this selling securityholder beneficially owns. The chief investment officer of the 1798/LOAM Entities is Aziz Nahas, who, in such capacity, has oversight authority over all the selling securityholders portfolio managers at the 1798/LOAM Entities. | |
(5) | This selling securityholder is a non-public entity. 1798 Global Partners (Cayman Islands) Ltd and Lombard Odier Asset Management (Switzerland) SA (together, the 1798/ LOAM SA Entities) have voting and investment control over the securities that this selling securityholder beneficially owns. The chief investment officer of the 1798/LOAM Entities is Aziz Nahas, who, in such capacity, has oversight authority over all the selling securityholders portfolio managers at the 1798/LOAM Entities. |