NVUS 2018 Annual Report

Preferred Stock

Upon the Reverse Merger, all shares of preferred stock converted to common stock. As of December 31, 2018 and 2017, no shares of preferred stock were issued and outstanding.

Equity Distribution Agreement On August 21, 2017, the Company HQWHUHG LQWR DQ HTXLW\ GLVWULEXWLRQ DJUHHPHQW WKH ³ Equity Distribution Agreement ´ ZLWK 3LSHU -DIIUD\ &R ³3LSHU -DIIUD\´ DV VDOHV DJHQW SXUVXDQW WR ZKLFK WKH &RPSDQ\ PD\ RIIHU DQG VHOO IURP WLPH WR time, through Piper Jaffray, up to $8.5 million in shares of its common stock. As of December 31, 2017, the Company had sold 167,356 shares of its common stock through the Equity Distribution Agreement for gross proceeds of approximately $774,000. On March 9, 2018, Piper Jaffray sold the remaining 2,296,610 VKDUHV RI WKH &RPSDQ\¶V common stock under the Equity Distribution Agreement, resulting in total gross proceeds of approximately $7.7 million. No further sales will be made pursuant to the Equity Distribution Agreement. On July 23, WKH &RPSDQ\ ILOHG D QHZ SURVSHFWXV VXSSOHPHQW WKH ³ 3URVSHFWXV´ XQGHU ZKLFK WKH &RPSDQ\ may offer and sell, from time to time, through Piper Jaffray, up to an additional $8.8 million in shares of its common stock. No shares have been sold under the 2018 Prospectus as of December 31, 2018.

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