C/M Capital– SPA – The number of shares sold to C/M Capital under the Purchase Agreement is determined by several factors. The company has the discretion to direct C/M Capital to purchase shares at different times, subject to certain conditions and limitations. The shares can be sold through different types of purchases, such as Fixed Purchases and VWAP Purchases, each with its own maximum amount and pricing conditions. The purchase price is typically a discounted rate based on the market price of the company's common stock. The actual number of shares sold will depend on the market price at the time of sale and the company's decision on how many shares to sell, up to a total commitment of $40 million.
