"Additionally, Neonode will issue warrants to purchase an aggregate of 3,250,000 shares of common stock at an exercise price of $2.00 per share that will expire three years from the date of issuance and are non-exercisable during the initial year. The warrants also may not be exercised unless Neonode has sufficient authorized shares of common stock. If the warrants are fully exercised, Neonode will receive an additional $6.5 million."