Each unit was sold at a public offering price of $0.371 and each pre-funded unit was sold at the public offering price per unit, minus $0.001. The warrants in the units and pre-funded units will be immediately exercisable at a price of $0.371 per share and will expire five years from the date of issuance. The shares of common stock (or pre-funded warrants in lieu thereof) and accompanying warrants included in the units and in the pre-funded units could only be purchased together in the offering but were issued separately and were immediately separable upon issuance. Gross proceeds, before deducting underwriting discounts and commissions and estimated offering expenses and excluding the proceeds from the exercise of any of the warrants or pre-funded warrants were approximately $5.2 million. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors.
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