SAN DIEGO, CA -- (MARKETWIRE) --
The Notes have a four-year term and bear interest at a rate of 8% per annum payable semi-annually. The Company may, subject to certain limitations, pay interest in cash or in shares of its common stock. The Notes are convertible into shares of the Company's common stock at an initial conversion price of
The Company expects to deliver the notes on
The Company intends to use the net proceeds from these offerings for general corporate purposes, which may include, among others, working capital needs and capital expenditures.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The Notes and shares of the Company's common stock issuable upon conversion of the Notes and as payment of interest on the Notes have not been registered under the Securities Exchange Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within
A shelf registration statement relating to the shares of common stock offered in the Equity Offering has been filed with the
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Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the sale of the Company's securities and the intended use of proceeds from the offerings. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including risks associated with the Company's ability to continue to raise capital as needed to fund its operations, the risk that the Company's intentions regarding the use of proceeds may change and other risks detailed from time to time in the Company's filings with the