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SERIES C PREFERRED SHARES 2 million shares originally issued $5.50/share Liquidation preference of 1.5x the original share value Shares have participating preferred rights Conversion ratio of 1x1
SERIES B PREFERRED SHARES 1.5 million shares originally issued at $1.75/share Liquidation preference of 1.0x the original share value No participating preferred rights Conversion ratio of 1x2
SERIES A PREFERRED SHARES 4 million shares originally issued at $0.50/share Liquidation preference of 7.0x the original share value No participating preferred rights Conversion ratio of 1x1.5