If you're that hopeless:
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On August 12, 1999, buyingedge.com (see Note 1) issued 5,319,149 shares of Series A Preferred Stock (Series A) for $1.88 per share for aggregate gross proceeds of $10,000,000. The $10,000,000 is to be used solely to fund the activities of buyingedge.com.
In connection with the issuance of the Series A, IMA issued to the holders of the Series A a warrant to purchase 621,056 shares of IMA common stock at $4.00 per share through August 12, 2002. In addition, IMA issued to the holders of the Series A an option to purchase 1,612,903 shares of IMA common stock at a per share purchase price of $6.20 through August 12, 2002, provided that the holders of the Series A simultaneously redeem the Series A to buyingedge.com.
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