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Offerings - Offering: 1
Feb. 20, 2025
USD ($)
shares
Offering:  
Fee Previously Paid false
Other Rule true
Security Type Equity
Security Class Title Common Stock, no par value
Amount Registered | shares 175,533
Proposed Maximum Offering Price per Unit 31.935
Maximum Aggregate Offering Price $ 5,605,646
Fee Rate 0.01531%
Amount of Registration Fee $ 858.22
Offering Note
(1)
Represents shares of common stock, no par value, underlying restricted stock units granted to the Registrant’s President and Chief Executive Officer and Executive Vice President, Chief Financial Officer and Treasurer, respectively, pursuant to
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Inducement Restricted Stock Unit Award Agreements entered into with each of William Presley and Jonathan Douyard, respectively, as inducements material to their acceptance of employment with the Registrant in accordance with the inducement grant exception under Nasdaq Rule 5635(c)(4).
(2)
Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”), this Registration Statement shall also cover any additional shares of the Registrant’s common stock that become issuable under the
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Inducement Restricted Stock Unit Award Agreements by reason of any stock dividend, stock split, recapitalization, or other similar transaction effected without receipt of consideration that increases the number of outstanding shares of the Registrant’s common stock, as applicable.
(3)
Estimated solely for the purpose of calculating the amount of the registration fee pursuant to Rule 457(c) and Rule 457(h) under the Securities Act. The offering price per unit and aggregate offering price are based on the average of the high and low prices of the Registrant’s common stock as reported on the Nasdaq Global Market on February 19, 2025.