A summary of the status of the Warrants at December 31, 2013, and the changes during the fiscal year ended 2013, is presented in the following table:
| Issue Date | Shares of Common Stock, par value $0.01, represented by Warrants |
Exchange Price |
Expiration Date |
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Outstanding as of December 31, 2012 |
— | — | — | — | ||||||||||
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Granted |
August 19, 2013 | 215,064 |
Lower of $2.79 And 10-day VWAP at the Issue Date plus 6 months, subject to adjustment |
August 19, 2018 | ||||||||||
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Exercised |
— | — | ||||||||||||
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Expired |
— | — | ||||||||||||
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Outstanding as of December 31, 2013 |
215,064 |
Lower of $2.79 And 10-day VWAP at the Issue Date plus 6 months, subject to adjustment |
August 19, 2018 | |||||||||||
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Exercisable as of December 31, 2013 |
215,064 |
Lower of $2.79 And 10-day VWAP at the Issue Date plus 6 months, subject to adjustment |
August 19, 2018 | |||||||||||
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