It says 'subject to the consummation of this offering'. That...

It says 'subject to the consummation of this offering'. That means he only gets the bonus if the IPO is successful.

Changing subjects to the Market Cap, I thought the minimum offer price is $4 (3 or 2 dollars are possible under special circumstances). How do they go from trying to IPO a few months ago for between 5 and 7 dollars and now doing it for cents? They don't. Even at $2, the Market Cap would be at least 120 million US.