The underwriters have also been given a 45-day option to acquire up to 2,250,000 additional units to cover any over-allotments.
Each unit consists of one share of common stock and one newly created Class H warrant, with each Class H warrant exercisable for one share of common stock at an exercise price of USD1.30 per share. The warrants will expire on 14 October 2014.
The sole bookrunning manager of the offering is Chardan Capital Markets LLC.
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