One way to do this is by offering existing investors the incentive of a convertible note that converts into shares at the closing of the offering at a discounted price. (entrepreneur.com)
Closing of the offering is expected to occur on May 22, 2012, subject to customary closing conditions. (cnbc.com)
This convertible preferred stock warrant will become a warrant to purchase shares of our common stock upon the closing of this offering. (sec.gov)