Small-Cap CEO/CFO Survey Results

HOW DID YOU RAISE CAPITAL LAST YEAR? (SELECT ALL THAT APPLY) 18.8% 73.4% 6.3% 0.0% 4.7% 1.6% 10.9% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% Private investment in public equity (PIPE) financing Private placement (Reg D, Reg S, etc.) Equity line financing Shelf offering Follow-on/Secondary offering Regulation A+ offering Other (please describe) 6