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- 659,806 shares of our common stock issuable upon the exercise of outstanding warrants at a weighted average exercise price
of $4.60 per share;
- 1,156 shares of common stock reserved for issuance pursuant to future equity awards under our 2006 Equity Incentive
- 704,000 shares of common stock reserved for future issuance under our 2014 Equity Incentive Plan, which will become
effective immediately prior to the effectiveness of this offering; and
- 140,500 shares of common stock reserved for future issuance under our 2014 Employee Stock Purchase Plan, which will become
effective upon the closing of this offering.
we may choose to raise additional capital through the sale of equity or convertible debt securities due to market conditions or strategic considerations even if we believe
we have sufficient funds for our current or future operating plans. New investors will experience further dilution if any of our outstanding options or warrants are exercised, new options are issued
and exercised under our equity incentive plans or we issue additional shares of common stock, other equity securities or convertible debt securities for lower consideration per share than in this
offering in the future.
Certain of our existing stockholders and their affiliated entities, including holders of more than 5% of our common stock, have indicated an interest in purchasing an aggregate of
approximately $30.4 million in shares of our common stock in this offering at the initial public offering price. Assuming an initial public offering price of $13.00 per share, which is the
midpoint of the price range set forth on the cover page of this prospectus, these entities would purchase an aggregate of up to approximately 2,341,215 of the 4,700,000 shares in this offering based
on these indications of interest. However, because indications of interest are not binding agreements or commitments to purchase, the underwriters could determine to sell more, less or no shares to
any of these existing stockholders and any of these existing stockholders could determine to purchase more, less or no shares in this offering. The foregoing discussion and tables do not reflect any
potential purchases by these existing stockholders or their affiliated entities.