Yes. Usually Lev lends money interest free for a period of time to seize the immediate opportunity, then the company either pays him back or raises to cover when appropriate.
The loans to employees are interesting. Part of me thinks they're padding the raise to ensure they get enough $$$, but who knows
A 2% dilution to enable Alusion capacity increase and NASDAQ listing seems reasonable. As does paying back Lev who's not been paid anything for his loan to date.
Ann: Entitlement Offer Booklet, page-5
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