Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CLSR | 7% Convertible Senior Notes Due 2029 | Purchase | $8M | $8M | Sep 8, 2024 | Common Stock | 3.74M | See Footnote | F1, F2, F3 |
Id | Content |
---|---|
F1 | The conversion rate for the 7% Convertible Senior Notes due 2029 (the "Convertible Notes") is equal to 467.8363 shares of common stock per $1,000 principal amount of the Convertible Notes (equivalent to an initial conversion price of approximately $2.14 per share of common stock), subject to adjustment in accordance with the applicable indenture. |
F2 | The Convertible Notes mature on July 1, 2029, unless earlier converted or repurchased. The Reporting Person may convert all or any portion of the Convertible Notes at any time after September 16, 2025 and prior to the close of business on the business day immediately preceding the maturity date. |
F3 | $4,000,000 of the Convertible Notes are owned by the Rodgers Massey Revocable Trust, for which the Reporting Person and his spouse serve as trustee. $4,000,000 of the remaining Convertible Notes are owned by the Rodgers Family Freedom and Free Markets Charitable Trust, for which the Reporting Person and his spouse serve as trustee. |
Exhibit 24 - Power of Attorney