On the Company closed an upsized underwritten public offering of units (the Offering”) for gross proceeds of approximately which included the exercise of the underwriter's over-allotment option to purchase additional shares and warrants, prior to deducting underwriting discounts and commissions and offering expenses payable by Viveve.

 

The offering comprised of: () Class A Units, priced at a public offering price of per Class A Unit, with each unit consisting of share of common stock and warrant to purchase share of common stock, at an exercise price of per share that expires on the anniversary of the date of issuance; and ()  Class B Units, priced at a public offering price of per Class B Unit, with each unit consisting of share of Series C convertible preferred stock and warrant to purchase share of common stock, at an exercise price of per share that expires on the anniversary of the date of issuance. The underwriter exercised an over-allotment option to purchase an additional shares of common stock and warrants to purchase shares of common stock in the offering. The net proceeds to the Company, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company, are expected to be approximately

 

 

In connection with the closing of a public offering, on the Company filed the Certificate of Designation of Preferences, Rights and Limitations of Series C Convertible Preferred Stock (the “Series C Certificate of Designation”) with the Secretary of State of the State of Delaware. The Series C Certificate of Designation provides for the issuance of the shares of Series C convertible preferred stock. The shares of Series C convertible preferred stock rank on par with the shares of the common stock, in each case, as to dividend rights and distributions of assets upon liquidation, dissolution or winding up of the Company.

 

With certain exceptions, as described in the Series C Certificate of Designation, the shares of Series C convertible preferred stock have voting rights.

 

Each share of Series C convertible preferred stock is convertible at any time at the holder's option into share of common stock, which conversion ratio will be subject to adjustment for stock splits, stock dividends, distributions, subdivisions and combinations and other similar transactions as specified in the Series C Certificate of Designation.

 

A total of shares of Series C convertible preferred stock were issued in the Offering. In all Series C convertible preferred stock were converted into common stock and there are remaining shares of Series C convertible preferred stock outstanding.

 

 

Effective the total common stock reserved for issuance under the Plan was increased by shares from shares to a total of shares under the evergreen provision of the Plan.

 

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On the Company closed a public offering at an effective price of per share of its common stock. As a result, the pricing terms of the Series B, A- and B- Common Stock Purchase Warrants (the “Warrants”) were modified so that each Warrant entitles the holder to purchase share of common stock for an adjusted exercise price of The exercise price for Series B Warrants was modified from per share to per share. The exercise price for Series A- and B- Warrants was modified from per share to per share. There was change to the quantity of warrant shares.

 

 

In the Company granted annual equity awards to employees and board members for shares of common stock issuable upon vesting of deferred restricted stock units (RSUs) under the Plan. The RSUs vest in full on the anniversary of the grant date.

 

 

In the Company amended the sublease for its office building space. The lease term was extended for a period of months and will terminate on The monthly gross rent for the first, and years of the lease extension is and per month, respectively. The Company was also provided a rent abatement for the month of Additionally, the sublandlord has agreed to perform certain construction, repair, maintenance or other tenant improvements to the subleased premises with estimated costs of approximately