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is current with its filings with the SEC under the Exchange Act, (b) each purchaser is an accredited investor, and (c) no general solicitation or advertising was used to market the shares.
+Added: As previously disclosed on Form 8-K, on August 31, 2022 we added a conversion feature to outstanding fixed-rate promissory notes held by entities affiliated with Dr.
+Added: Soon-Shiong allowing each lender the right at any time, including upon notice of prepayment, at its sole option, to convert the entire outstanding principal amount and accrued and unpaid interest due under each note at the time of conversion into shares of the company’s common stock at a price of $5.67 per share.
+Added: As of September 30, 2022, the outstanding aggregate amount on such loans was $315.7 million, including accrued interest, which would equate to approximately 55.7 million shares of common stock to be issued upon conversion of such notes.
(b) Issuer Purchases of Equity Securities
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.