The following table summarizes the accounting upon issuance of our Series A Preferred:
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Allocation of Proceeds |
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Additional Paid-in Capital |
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Series A Preferred |
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Series A Warrants |
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Series B Warrants |
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Beneficial Conversion Feature |
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Gross proceeds |
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$ |
994.1 |
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Transaction fees |
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(24.8 |
) |
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Net Proceeds- Initial Relative Fair Value Allocation |
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$ |
969.3 |
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$ |
787.1 |
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$ |
135.7 |
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$ |
46.5 |
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$ |
— |
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Allocation to BCF |
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(614.4 |
) |
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— |
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— |
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|
614.4 |
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Per balance sheet upon issuance |
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$ |
172.7 |
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$ |
135.7 |
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$ |
46.5 |
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$ |
614.4 |
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