| | Per Share | | | Total | |
Subscription price | | | $12.50 | | | $57,517,388 |
Estimated sales load(1) | | | $0.22 | | | $1,006,554 |
Proceeds to us, before expenses(2) | | | $12.28 | | | $56,510,833 |
(1) | Oppenheimer & Co. Inc. and Imperial Capital, LLC, the dealer managers for this offering, will receive a fee for their marketing and soliciting services equal to 1.75% of the Subscription Price for each share issued in this offering, other than for shares issued to the Participating Shareholders, for which the dealer managers will receive 1.0%. The estimated sales load assumes no shares are purchased by the Participating Shareholders. See “The Offering—Dealer Managers Arrangements.” All costs of this rights offering will be borne by our stockholders whether or not they exercise their rights. |
(2) | We estimate that our offering expenses (other than sales load) will be approximately $682,332 in connection with this offering. We estimate that net proceeds to us after sales load and our expenses will be approximately $55,828,501. In addition, we have agreed to pay certain fees and expenses of the dealer managers, including legal fees, in connection with the offering, subject to a cap of $150,000. |
| | Dealer Managers | | | ||
Oppenheimer & Co. | | | | | Imperial Capital |