Table of Contents
Upon closing of this offering, all outstanding shares of preferred stock will be automatically converted into 9,103,815 shares of our common stock. Under our amended and restated
certificate of incorporation, our board of directors will have the authority, without further action by the stockholders, to issue up to 10,000,000 shares of preferred stock in one or more series, to
establish from time to time the number of shares to be included in each such series, to fix the rights, preferences and privileges of the shares of each wholly unissued series and any qualifications,
limitations or restrictions thereon and to increase or decrease the number of shares of any such series, but not below the number of shares of such series then outstanding.
board of directors may authorize the issuance of preferred stock with voting or conversion rights that could adversely affect the voting power or other rights of the holders of the
common stock. The issuance of preferred stock, while providing flexibility in connection with possible acquisitions and other corporate purposes, could, among other things, have the effect of
delaying, deferring or preventing a change in our control that may otherwise benefit holders of our common stock and may adversely affect the market price of the common stock and the voting and other
rights of the holders of common stock. We have no current plans to issue any shares of preferred stock.
As of September 30, 2014, we had outstanding warrants to purchase an aggregate of 659,806 shares of common stock at a weighted
average exercise price of $4.60, which we expect to be exercised in full immediately prior to the closing of the offering.
After our initial public offering, certain holders of shares of our common stock, including those shares of our common stock that will
be issued upon conversion of our preferred stock in connection with this offering, and those shares of our common stock that are issuable pursuant to our outstanding preferred stock warrants, or
warrant shares, will be entitled to certain rights with respect to registration of such shares under the Securities Act. These shares are collectively referred to herein as registrable shares.
our Fourth Amended and Restated Investors' Rights Agreement, holders of registrable shares (other than warrant shares) can demand that we file a registration statement or
request that their shares be included on a registration statement that we are otherwise filing, in either case, registering the resale of their shares of common stock. These registration rights are
subject to conditions and limitations, including the right, in certain circumstances, of the underwriters of an offering to limit the number of shares included in such registration and our right, in
certain circumstances, not to effect a requested registration on Form S-1 or Form S-3 within 90 days before or 180 days following our estimated date of filing of a
registration statement pertaining to an underwritten public offering of securities for our account, including this offering.
registration rights are contained in our investors' rights agreement, which is described under "Certain Relationships and Related TransactionsInvestors' Rights
Agreement" above and a copy of which will be filed as an exhibit to the registration statement of which this prospectus is a part.
Anti-Takeover Effects of Provisions of Delaware Law and Our Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws
Our amended and restated certificate of incorporation and amended and restated bylaws will contain certain provisions that are intended
to enhance the likelihood of continuity and stability in the composition of the board of directors and which may have the effect of delaying, deferring or preventing a future takeover or change in
control of the company unless such takeover or change in control is approved by the board of directors. These provisions include:
Classified Board. Our amended and restated certificate of incorporation will provide that our board of directors will be divided into
three classes of directors, with the classes as nearly equal in number as