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The Company believes that the Authorized Shares are necessary to provide the Company with flexibility to issue additional shares of Common Stock in the future, as it may deem advisable, including for general corporate purposes such as equity financings, acquisitions, grants under our equity incentive plans and other corporate purposes. While the Company has no current plan, arrangement or understanding to issue any of the additional shares of Common Stock that would be authorized by the Amendment, the Board of Directors believes that the availability of such additional authorized shares will provide the Company with the flexibility to issue shares in the future as the Board may determine is in the best interests of the Company and its stockholders, without the delay and expense of obtaining further stockholder approval, except as may be required by applicable laws or stock exchange rules.
The Company believes that the Authorized Shares are necessary to provide the Company with flexibility to issue additional shares of Common Stock in the future, as it may deem advisable, including for general corporate purposes such as equity financings, acquisitions, grants under our equity incentive plans and other corporate purposes. While the Company has no current plan, arrangement or understanding to issue any of the additional shares of Common Stock that would be authorized by the Amendment, the Board of Directors believes that the availability of such additional authorized shares will provide the Company with the flexibility to issue shares in the future as the Board may determine is in the best interests of the Company and its stockholders, without the delay and expense of obtaining further stockholder approval, except as may be required by applicable laws or stock exchange rules.
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