Small-Cap CEO/CFO Survey Results

IF YES, HOW DO YOU PLAN TO RAISE CAPITAL THIS YEAR? (SELECT ALL THAT APPLY) 28.2% 55.1% 14.1% 9.0% 14.1% 6.4% 11.5% 16.7% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 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 Don't know Other (please describe) 8

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