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Biotech / Medical : 2011 Biotech Charity Contest -- Ignore unavailable to you. Want to Upgrade?

To: mcbio who wrote (46)	6/5/2011 9:40:32 AM
From: Labrador	Respond to of 400

Array will issue 10,135 shares of Series B Preferred Stock at an aggregate purchase price of $30 million to entities affiliated with Deerfield Partners. The Preferred Stock has a liquidation preference of $0.001 per share, is non-voting and convertible into an aggregate of 10,135,000 shares of Array Common Stock, provided that conversion will be prohibited if the holder and its affiliates would own more than 9.985% of the total number of Array shares of Common Stock then outstanding. finance.yahoo.com