• | the quotient obtained by dividing (i) the sum of the $25.00 liquidation preference plus the amount of any accrued and unpaid dividends (whether or not declared) to, but not including, the Change of Control Conversion Date (unless the Change of Control Conversion Date is after a record date for a Series A Preferred Stock dividend payment and prior to the corresponding Series A Preferred Stock dividend payment date, in which case no additional amount for such accrued and unpaid dividend will be included in this sum) by (ii) the Common Stock Price (as defined herein); and |
• | 2.6427, subject to certain adjustments; |
| | Per Share | | | Total | |
Public offering price(1) | | | $ | | | $ |
Underwriting discounts and commissions | | | $ | | | $ |
Proceeds to us before expenses(2) | | | $ | | | $ |
(1) | Plus an amount equal to the dividends that accrued from and including December 15 to, but excluding, the settlement date for the shares offered hereby. |
(2) | Assumes no exercise of the underwriters’ over-allotment option described below. |
Raymond James | | | KKR |