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the extent any of these outstanding options and warrants are exercised and the shares of restricted stock vest, there will be further dilution to new investors.
the underwriters exercise their option to purchase additional shares of our common stock in full:
- the percentage of shares of common stock held by existing stockholders will decrease to approximately 78.0% of the total number of
shares of our common stock outstanding after this offering; and
- the number of shares held by new investors will increase to approximately 22.0% of the total number of shares of our common stock
outstanding after this offering.
of our significant stockholders and their affiliated entities have indicated an interest in purchasing up to an aggregate of $30 million in shares of our common stock in
this offering at the initial public offering price per share. Based on an assumed initial public offering price of $20.00 per share, which is the midpoint of the price range set forth on the cover
page of this prospectus, these entities would purchase up to an aggregate of 1,500,000 of the 4,250,000 shares in this offering based on these indications of interest. However, because indications of
interest are not binding agreements or commitments to purchase, these entities may determine to purchase fewer shares than they indicate an interest in purchasing or not to purchase any shares in this
offering. It is also possible that these entities could indicate an interest in purchasing more shares of our common stock. In addition, the underwriters could determine to sell fewer shares to any of
these entities than the entities indicate an interest in purchasing or not to sell any shares to these entities. The foregoing discussion and tables do not reflect any potential purchases by these
entities or their affiliated entities.