The company will sell $10M in aggregate principal of 6.5% convertible senior notes due 2023.
Meanwhile, the company will offer $30M worth of shares in a range of $4.00-$4.25 each, Bloomberg notes. Shares closed today down 13.2% to $5.01.
Underwriters will have a 30-day option to buy additional common stock in the offering, which has Oppenheimer as the sole book-runner.
Proceeds from the two offerings will fund operations and growth, the company says.
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