RE:PP may has to do something with NASDAQsee NR below.
Each Unit will be comprised of one common share of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each full warrant, a “Warrant”). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $3.50, for a period of 48 months following the closing of the Offering.
The Company intends to use the net proceeds of the Offering to fund inventory and for working capital and general corporate purposes.